ALTSHARES TRUST
MERGER ARBITRAGE · CUSIP 02210T108
24
institutional holders
-3 vs Q1 2023
2.7m
shares reported held*
$70.2mreported value*
7 new
3 added
12 reduced
9 sold out
net sold ≈ $1.7m (-68.5k 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 ≈ $25.88.
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 25 |
| Q4 2022 | 25 |
| Q1 2023 | 27 |
| Q2 2023 | 24 |
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 |
| Q2 2023 | 10 | 21 |
Biggest buyers
| Kapitalo Investimentos Ltda | New | +200.0k |
| New York Life Investment Management LLC | New | +166.9k |
| MEITAV INVESTMENT HOUSE LTD | New | +58.5k |
| CAPTRUST FINANCIAL ADVISORS | New | +53.0k |
| BANK OF AMERICA CORP /DE/ | New | +2.1k |
| MORGAN STANLEY | New | +2.0k |
| Orion Porfolio Solutions, LLC | Added | +949 |
| Orion Portfolio Solutions, LLC | Added | +949 |
| PFG Advisors | Added | +82 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | New | +54 |
Biggest sellers
| JANE STREET GROUP, LLC | Sold out | -346.0k |
| WORLD EQUITY GROUP, INC. | Sold out | -104.5k |
| BANK OF MONTREAL /CAN/ | Sold out | -36.4k |
| CANTOR FITZGERALD, L. P. | Reduced | -19.2k |
| CITADEL ADVISORS LLC | Sold out | -13.6k |
| Stratos Wealth Advisors, LLC | Sold out | -8.0k |
| Allworth Financial LP | Reduced | -7.0k |
| ENVESTNET ASSET MANAGEMENT INC | Reduced | -3.6k |
| Columbus Macro, LLC | Reduced | -2.9k |
| Bank of New York Mellon Corp | Reduced | -2.6k |
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| CANTOR FITZGERALD, L. P. 0.46% of their portfolio | 786.4k $20.0m | Reduced -19.2k |
| Allworth Financial LP 0.07% of their portfolio | 333.7k $8.5m | Reduced -7.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 262.6k $6.7m | Reduced -3.6k |
| Kapitalo Investimentos Ltda 0.95% of their portfolio | 200.0k $5.1m | New |
| Orion Porfolio Solutions, LLC 0.05% of their portfolio | 188.7k $4.8m | Added +949 |
| Orion Portfolio Solutions, LLC 0.05% of their portfolio | 188.7k $4.8m | Added +949 |
| New York Life Investment Management LLC 0.04% of their portfolio | 166.9k $4.3m | New |
| Legend Financial Advisors, Inc. 3.13% of their portfolio | 147.4k $3.8m | Reduced -982 |
| HighTower Advisors, LLC 0.00% of their portfolio | 81.1k $2.1m | Reduced -886 |
| Privium Fund Management (UK) Ltd 1.26% of their portfolio | 62.9k $1.6m | Unchanged |
| MEITAV INVESTMENT HOUSE LTD 0.02% of their portfolio | 58.5k $2.6m | New |
| CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio | 53.0k $1.3m | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 44.5k $1.1m | Reduced -966 |
| Cetera Investment Advisers 0.01% of their portfolio | 37.0k $941.5k | Reduced -619 |
| Bank of New York Mellon Corp 0.00% of their portfolio | 34.5k $878.3k | Reduced -2.6k |
| PFG Advisors 0.03% of their portfolio | 16.2k $412.0k | Added +82 |
| Columbus Macro, LLC 0.15% of their portfolio | 14.4k $369.0k | Reduced -2.9k |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.02% of their portfolio | 10.8k $274.2k | Reduced -684 |
| NWAM LLC 0.02% of their portfolio | 10.6k $269.0k | Reduced -1.7k |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 8.8k $225.0k | Reduced -523 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 2.1k $52.9k | New |
| MORGAN STANLEY 0.00% of their portfolio | 2.0k $50.6k | New |
| Avior Wealth Management, LLC 0.00% of their portfolio | 774 $19.7k | Unchanged |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 54 $1.4k | New |