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IQ ARB Merger Arbitrage ETF

136 hedge funds and large institutions have $516M invested in IQ ARB Merger Arbitrage ETF in 2020 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 46 increasing their positions, 54 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.58% more ownership

Funds ownership: 68.25%68.83% (+0.58%)

4% less funds holding

Funds holding: 142136 (-6)

15% less repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 54

16% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 25

18% less funds holding in top 10

Funds holding in top 10: 119 (-2)

19% less capital invested

Capital invested by funds: $633M → $516M (-$117M)

Holders
136
Holders Change
-6
Holders Change %
-4.23%
% of All Funds
3%
Holding in Top 10
9
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-18.18%
% of All Funds
0.2%
New
21
Increased
46
Reduced
54
Closed
25
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
GT
1
Greenleaf Trust
Michigan
$42.4M +$608K +18,819 +1%
BCI
2
Brinker Capital Investments
Pennsylvania
$39.3M -$4.52M -139,693 -10%
OIA
3
OneDigital Investment Advisors
Kansas
$37.5M +$3.24M +100,381 +9%
Morgan Stanley
4
Morgan Stanley
New York
$34.5M -$6.8M -210,506 -16%
CFIA
5
Cantor Fitzgerald Investment Advisors
New York
$33.6M +$524K +16,213 +1%
Bank of America
6
Bank of America
North Carolina
$27.9M +$644K +19,931 +2%
Wells Fargo
7
Wells Fargo
California
$25.3M -$12.1M -373,858 -31%
Ameriprise
8
Ameriprise
Minnesota
$24.7M -$1.12M -34,649 -4%
Commonwealth Equity Services
9
Commonwealth Equity Services
Massachusetts
$19.3M -$5.17M -159,932 -20%
Manulife (Manufacturers Life Insurance)
10
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$18.7M +$1.09M +33,583 +6%
WP
11
WealthPLAN Partners
Nebraska
$17.4M -$576K -17,807 -3%
Envestnet Asset Management
12
Envestnet Asset Management
Illinois
$16.4M -$1.59M -49,311 -8%
AWC
13
Abundance Wealth Counselors
Pennsylvania
$15.4M -$254K -7,871 -2%
DCM
14
DeGreen Capital Management
Arizona
$11.5M +$685K +21,179 +6%
AA
15
Ancora Advisors
Ohio
$10.9M -$129K -3,983 -1%
OPS
16
Orion Portfolio Solutions
Nebraska
$10M +$10.7M +332,117 New
SCM
17
Stonehearth Capital Management
Massachusetts
$9.96M +$50.6K +1,564 +0.5%
BRWM
18
B. Riley Wealth Management
Tennessee
$8.27M +$834K +25,792 +10%
AllianceBernstein
19
AllianceBernstein
Tennessee
$6.77M +$7.26M +224,505 New
PA
20
Pinnacle Associates
New York
$5.38M -$512K -15,845 -8%
PCS
21
Personal CFO Solutions
New Jersey
$4.27M -$121K -3,754 -3%
CCMG
22
Clark Capital Management Group
Pennsylvania
$4.2M -$196K -6,070 -4%
CFA
23
Carroll Financial Associates
North Carolina
$4M -$332K -10,257 -7%
WCWM
24
Wooster Corthell Wealth Management
Connecticut
$3.71M -$10.1M -311,850 -72%
FMBTD
25
First Midwest Bank Trust Division
Illinois
$3.71M +$130K +4,026 +3%

MNA Hedge Fund Activity: Q1 2020 in Review

136 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q1 2020, worth a combined $516M — down 19% from $633M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of MNA and 21 opened new positions — a net loss of 4 holders — while 54 trimmed existing stakes and 46 added.

The largest buyer was Orion Portfolio Solutions, opening a new position worth an estimated $10.7M. The largest seller was Wells Fargo, cutting an estimated $12.1M.

  • 136 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q1 2020, down from 142 in Q4 2019.
  • Funds reported $516M of IQ ARB Merger Arbitrage ETF stock for Q1 2020, down 19% quarter-over-quarter.
  • 21 funds opened new IQ ARB Merger Arbitrage ETF positions in Q1 2020 and 25 closed out, a net change of -4 holders.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q1 2020 was Orion Portfolio Solutions, an estimated $10.7M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q1 2020 was Wells Fargo, an estimated $12.1M sold.

Based on aggregated 13F filings for Q1 2020.