IQ ARB Merger Arbitrage ETF
MNA
127 hedge funds and large institutions have $524M invested in IQ ARB Merger Arbitrage ETF in 2020 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 37 increasing their positions, 45 reducing their positions, and 13 closing their positions.
100% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 13
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
9% more funds holding
Funds holding: 117 → 127 (+10)
4% more capital invested
Capital invested by funds: $505M → $524M (+$18.4M)
0.4% less ownership
Funds ownership: 71.35% → 70.94% (-0.4%)
18% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 45
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Mainstay Capital Management
Grand Blanc,
Michigan
|
+$23M |
| 2 |
OIA
OneDigital Investment Advisors
Overland Park,
Kansas
|
+$3.7M |
| 3 |
WAP
Wealthcare Advisory Partners
West Chester,
Pennsylvania
|
+$3.47M |
| 4 |
LFASL
Lugano Financial Advisors SA (LFA)
Lugano,
Switzerland
|
+$3.18M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$1.91M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
USAA
United Services Automobile Association
San Antonio,
Texas
|
-$8.46M |
| 2 |
MIA
MainStreet Investment Advisors
Chicago,
Illinois
|
-$3.04M |
| 3 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
-$2.92M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$2.52M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$2.18M |
MNA Hedge Fund Activity: Q4 2020 in Review
127 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q4 2020, worth a combined $524M — up 3.6% from $505M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new MNA positions and 13 closed out — a net gain of 13 holders — while 37 added to existing stakes and 45 trimmed.
The largest buyer was Mainstay Capital Management, opening a new position worth an estimated $23M. The largest seller was United Services Automobile Association, exiting entirely with an estimated $8.46M sold.
- 127 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q4 2020, up from 117 in Q3 2020.
- Funds reported $524M of IQ ARB Merger Arbitrage ETF stock for Q4 2020, up 3.6% quarter-over-quarter.
- 26 funds opened new IQ ARB Merger Arbitrage ETF positions in Q4 2020 and 13 closed out, a net change of +13 holders.
- The largest IQ ARB Merger Arbitrage ETF buyer in Q4 2020 was Mainstay Capital Management, an estimated $23M added.
- The largest IQ ARB Merger Arbitrage ETF seller in Q4 2020 was United Services Automobile Association, an estimated $8.46M sold.
Based on aggregated 13F filings for Q4 2020.