ALTSHARES TRUST
MERGER ARBITRAGE · CUSIP 02210T108
27
institutional holders
+2 vs Q4 2022
2.8m
shares reported held*
$71.7mreported value*
9 new
5 added
12 reduced
6 sold out
net sold ≈ $16.8m (-663.8k shares)
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $25.32.
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 25 |
| Q4 2022 | 25 |
| Q1 2023 | 27 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 11 | 18 |
| Q1 2023 | 14 | 18 |
Biggest buyers
| JANE STREET GROUP, LLC | New | +346.0k |
| Orion Porfolio Solutions, LLC | New | +187.8k |
| WORLD EQUITY GROUP, INC. | Added | +65.0k |
| BANK OF MONTREAL /CAN/ | New | +36.4k |
| CITADEL ADVISORS LLC | New | +13.6k |
| HighTower Advisors, LLC | Added | +8.4k |
| Stratos Wealth Advisors, LLC | New | +8.0k |
| Legend Financial Advisors, Inc. | Added | +6.4k |
| Cetera Investment Advisers | Added | +3.5k |
| Quantitative Advantage, LLC | Added | +2.4k |
Biggest sellers
| CANTOR FITZGERALD, L. P. | Reduced | -375.8k |
| Kapitalo Investimentos Ltda | Sold out | -294.2k |
| Arlington Capital Management, Inc. | Sold out | -176.1k |
| Allworth Financial LP | Reduced | -160.6k |
| ENVESTNET ASSET MANAGEMENT INC | Reduced | -111.4k |
| Orion Portfolio Solutions, LLC | Reduced | -84.9k |
| Atria Investments, Inc | Sold out | -42.2k |
| OSAIC HOLDINGS, INC. | Reduced | -26.8k |
| Bank of New York Mellon Corp | Reduced | -18.5k |
| PFG Advisors | Reduced | -14.6k |
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| CANTOR FITZGERALD, L. P. 0.44% of their portfolio | 805.6k $20.4m | Reduced -375.8k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 346.0k $8.8m | New |
| Allworth Financial LP 0.09% of their portfolio | 340.7k $8.6m | Reduced -160.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 266.2k $6.8m | Reduced -111.4k |
| Orion Porfolio Solutions, LLC 0.06% of their portfolio | 187.8k $4.8m | New |
| Orion Portfolio Solutions, LLC 0.06% of their portfolio | 187.8k $4.8m | Reduced -84.9k |
| Legend Financial Advisors, Inc. 3.16% of their portfolio | 148.4k $3.8m | Added +6.4k |
| WORLD EQUITY GROUP, INC. 0.38% of their portfolio | 104.5k $2.5m | Added +65.0k |
| HighTower Advisors, LLC 0.00% of their portfolio | 82.0k $2.1m | Added +8.4k |
| Privium Fund Management (UK) Ltd 1.25% of their portfolio | 62.9k $1.6m | Unchanged |
| Quantitative Advantage, LLC 0.19% of their portfolio | 50.3k $1.3m | Added +2.4k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 45.4k $1.2m | Reduced -26.8k |
| Cetera Investment Advisers 0.01% of their portfolio | 37.6k $953.2k | Added +3.5k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 37.0k $939.5k | Reduced -18.5k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 36.4k $923.5k | New |
| Columbus Macro, LLC 0.17% of their portfolio | 17.3k $445.3k | Reduced -668 |
| PFG Advisors 0.03% of their portfolio | 16.1k $408.1k | Reduced -14.6k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 13.6k $345.0k | New |
| NWAM LLC 0.03% of their portfolio | 12.3k $311.9k | Reduced -3.0k |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.02% of their portfolio | 11.4k $290.4k | Reduced -8.9k |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 9.4k $237.0k | Reduced -3.9k |
| Stratos Wealth Advisors, LLC 0.02% of their portfolio | 8.0k $202.9k | New |
| UBS Group AG 0.00% of their portfolio | 2.1k $52.0k | New |
| Avior Wealth Management, LLC 0.00% of their portfolio | 774 $19.6k | Reduced -386 |
| Ameritas Advisory Services, LLC 0.00% of their portfolio | 392 $10.1k | New |
| ASSETMARK, INC 0.00% of their portfolio | 185 $4.7k | New |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 184 $4.7k | New |