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IQ ARB Merger Arbitrage ETF

90 hedge funds and large institutions have $382M invested in IQ ARB Merger Arbitrage ETF in 2023 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 28 increasing their positions, 40 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

2% more ownership

Funds ownership: 79.9%81.9% (+2%)

2% more capital invested

Capital invested by funds: $375M → $382M (+$6.44M)

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

6% less funds holding

Funds holding: 9690 (-6)

30% less repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 40

40% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 15

Holders
90
Holders Change
-6
Holders Change %
-6.25%
% of All Funds
1.43%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
9
Increased
28
Reduced
40
Closed
15
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
GT
1
Greenleaf Trust
Michigan
$83.4M +$635K +20,220 +0.8%
NYLIM
2
New York Life Investment Management
New York
$43.8M +$11.2M +355,490 +35%
Manulife (Manufacturers Life Insurance)
3
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$30.3M -$694K -22,098 -2%
Morgan Stanley
4
Morgan Stanley
New York
$24.4M -$867K -27,617 -3%
OIA
5
OneDigital Investment Advisors
Kansas
$22.1M -$2.59M -82,471 -11%
Commonwealth Equity Services
6
Commonwealth Equity Services
Massachusetts
$15.7M -$2.38M -75,792 -13%
BRWA
7
B. Riley Wealth Advisors
Florida
$15M +$5.17M +164,689 +53%
LPL Financial
8
LPL Financial
California
$14.4M -$280K -8,913 -2%
WAP
9
Wealthcare Advisory Partners
Pennsylvania
$14.3M -$774K -24,664 -5%
Bank of America
10
Bank of America
North Carolina
$14.2M +$278K +8,857 +2%
OPCM
11
Osborne Partners Capital Management
California
$13.9M +$122K +3,880 +0.9%
Envestnet Asset Management
12
Envestnet Asset Management
Illinois
$10.7M -$3.42M -108,941 -24%
AL
13
Aspiriant LLC
California
$6.2M +$430K +13,694 +8%
CAPTRUST Financial Advisors
14
CAPTRUST Financial Advisors
North Carolina
$4.64M +$41.8K +1,332 +0.9%
Jane Street
15
Jane Street
New York
$4.34M +$124K +3,934 +3%
OAM
16
Oppenheimer Asset Management
New York
$3.94M +$174K +5,533 +5%
PCS
17
Personal CFO Solutions
New Jersey
$3.77M +$53.4K +1,702 +1%
IWC
18
Integrated Wealth Concepts
Massachusetts
$3.7M -$76.8K -2,446 -2%
SC
19
Savant Capital
Illinois
$3.57M -$344K -10,959 -9%
CF
20
Cantor Fitzgerald
New York
$3.48M -$548K -17,439 -14%
Citadel Advisors
21
Citadel Advisors
Florida
$3.46M +$2.36M +75,187 +219%
ACMA
22
Arbor Capital Management (Alaska)
Alaska
$3.19M +$2.76K +88 +0.1%
AC
23
Avestar Capital
New York
$3.06M +$3.04M +96,784 New
RJA
24
Raymond James & Associates
Florida
$2.99M +$8.42K +268 +0.3%
EH
25
Equitable Holdings
New York
$2.9M -$201K -6,410 -7%

MNA Hedge Fund Activity: Q3 2023 in Review

90 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q3 2023, worth a combined $382M — up 1.7% from $375M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of MNA and 9 opened new positions — a net loss of 6 holders — while 40 trimmed existing stakes and 28 added.

The largest buyer was New York Life Investment Management, adding an estimated $11.2M. The largest seller was Clark Capital Management Group, exiting entirely with an estimated $3.54M sold.

  • 90 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q3 2023, down from 96 in Q2 2023.
  • Funds reported $382M of IQ ARB Merger Arbitrage ETF stock for Q3 2023, up 1.7% quarter-over-quarter.
  • 9 funds opened new IQ ARB Merger Arbitrage ETF positions in Q3 2023 and 15 closed out, a net change of -6 holders.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q3 2023 was New York Life Investment Management, an estimated $11.2M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q3 2023 was Clark Capital Management Group, an estimated $3.54M sold.

Based on aggregated 13F filings for Q3 2023.