IQ ARB Merger Arbitrage ETF
MNA
122 hedge funds and large institutions have $520M invested in IQ ARB Merger Arbitrage ETF in 2021 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 42 increasing their positions, 38 reducing their positions, and 24 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 38
3.9% more ownership
Funds ownership: 74.46% → 78.36% (+3.9%)
4% less capital invested
Capital invested by funds: $543M → $520M (-$23.2M)
5% less funds holding
Funds holding: 129 → 122 (-7)
13% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 24
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GT
Greenleaf Trust
Kalamazoo,
Michigan
|
+$18.4M |
| 2 |
AF
Allworth Financial
Folsom,
California
|
+$14.5M |
| 3 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
+$10.8M |
| 4 |
OIA
OneDigital Investment Advisors
Overland Park,
Kansas
|
+$4.49M |
| 5 |
MIA
MainStreet Investment Advisors
Chicago,
Illinois
|
+$1.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CFIA
Cantor Fitzgerald Investment Advisors
New York
|
-$8.22M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$6.22M |
| 3 |
LFASL
Lugano Financial Advisors SA (LFA)
Lugano,
Switzerland
|
-$6.06M |
| 4 |
ST
Spinnaker Trust
Portland,
Maine
|
-$4.43M |
| 5 |
FWP
FAS Wealth Partners
Leawood,
Kansas
|
-$3.39M |
MNA Hedge Fund Activity: Q4 2021 in Review
122 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q4 2021, worth a combined $520M — down 4.3% from $543M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of MNA and 21 opened new positions — a net loss of 3 holders — while 38 trimmed existing stakes and 42 added.
The largest buyer was Greenleaf Trust, adding an estimated $18.4M. The largest seller was Cantor Fitzgerald Investment Advisors, cutting an estimated $8.22M.
- 122 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q4 2021, down from 129 in Q3 2021.
- Funds reported $520M of IQ ARB Merger Arbitrage ETF stock for Q4 2021, down 4.3% quarter-over-quarter.
- 21 funds opened new IQ ARB Merger Arbitrage ETF positions in Q4 2021 and 24 closed out, a net change of -3 holders.
- The largest IQ ARB Merger Arbitrage ETF buyer in Q4 2021 was Greenleaf Trust, an estimated $18.4M added.
- The largest IQ ARB Merger Arbitrage ETF seller in Q4 2021 was Cantor Fitzgerald Investment Advisors, an estimated $8.22M sold.
Based on aggregated 13F filings for Q4 2021.