Return Stacked Bonds & Merger Arbitrage ETF
RSBA
7 hedge funds and large institutions have $7.71M invested in Return Stacked Bonds & Merger Arbitrage ETF in 2025 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 1 increasing their positions, 1 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
40% more funds holding
Funds holding: 5 → 7 (+2)
0% more repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 1
26.75% less ownership
Funds ownership: 69.97% → 43.23% (-27%)
41% less capital invested
Capital invested by funds: $13M → $7.71M (-$5.28M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$1.46M |
| 2 |
WAM
Worth Asset Management
Dallas,
Texas
|
+$555K |
| 3 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
+$390K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$219K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$206K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MG
Marex Group
London,
|
-$3.09M |
| 2 |
NWM
Napa Wealth Management
Napa,
California
|
-$2.64M |
| 3 |
CL
CLG LLC
Long Beach,
California
|
-$2.58M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$6.15K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAP
1
Wealthcare Advisory Partners
West Chester,
Pennsylvania
| $4.68M | +$68K | +3,304 | +2% |
|
|
2
Jane Street
New York
| $1.49M | +$1.46M | +70,890 | New |
|
|
WAM
3
Worth Asset Management
Dallas,
Texas
| $566K | +$555K | +26,975 | New |
|
|
SPC
4
Sigma Planning Corp
Ann Arbor,
Michigan
| $398K | +$390K | +18,950 | New |
|
|
5
UBS Group
Zurich,
Switzerland
| $224K | +$219K | +10,652 | New |
|
|
6
Citadel Advisors
Miami,
Florida
| $210K | +$206K | +9,986 | New |
|
|
7
Royal Bank of Canada
Toronto,
Ontario, Canada
| $147K | -$6.15K | -299 | -4% |
|
|
MG
8
Marex Group
London,
| – | -$3.09M | -150,000 | Closed |
|
|
NWM
9
Napa Wealth Management
Napa,
California
| – | -$2.64M | -127,845 | Closed |
|
|
CL
10
CLG LLC
Long Beach,
California
| – | -$2.58M | -124,948 | Closed |
|
RSBA Hedge Fund Activity: Q2 2025 in Review
7 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Return Stacked Bonds & Merger Arbitrage ETF (RSBA) for Q2 2025, worth a combined $7.71M — down 41% from $13M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new RSBA positions and 3 closed out — a net gain of 2 holders — while 1 added to existing stakes and 1 trimmed.
The largest buyer was Jane Street, opening a new position worth an estimated $1.46M. The largest seller was Marex Group, exiting entirely with an estimated $3.09M sold.
- 7 institutional investors held Return Stacked Bonds & Merger Arbitrage ETF (RSBA) as of Q2 2025, up from 5 in Q1 2025.
- Funds reported $7.71M of Return Stacked Bonds & Merger Arbitrage ETF stock for Q2 2025, down 41% quarter-over-quarter.
- 5 funds opened new Return Stacked Bonds & Merger Arbitrage ETF positions in Q2 2025 and 3 closed out, a net change of +2 holders.
- The largest Return Stacked Bonds & Merger Arbitrage ETF buyer in Q2 2025 was Jane Street, an estimated $1.46M added.
- The largest Return Stacked Bonds & Merger Arbitrage ETF seller in Q2 2025 was Marex Group, an estimated $3.09M sold.
Based on aggregated 13F filings for Q2 2025.