---
ticker: "ARB"
name: "AltShares Merger Arbitrage ETF"
url: "https://etf.net/etf/ARB"
grade: "B"
score: 60
graded_at: "2026-10-12"
category: "Merger Arbitrage"
category_rank: "1 of 5"
methodology: "https://etf.net/methodology"
---

# ARB: AltShares Merger Arbitrage ETF

Grade **B**, Score 60 of 100. Rank 1 of 5 in Merger Arbitrage.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 65 | 1 of 5 |
| Mission | Not scored | — |
| Risk | 58 | 2 of 4 |
| Tradability | 53 | 2 of 5 |
| Holdings | 63 | 3 of 5 |
| Durability | 56 | 3 of 5 |

## Top holdings

The fund holds 67 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Warner Bros Discovery, Inc. | 3.79% |
| 2 | EXAS | Exact Sciences Corp. | 3.01% |
| 3 | JDEP.AS | JDE Peet's NV | 2.92% |
| 4 | HOLX | Hologic, Inc. | 2.83% |
| 5 | CWAN | Clearwater Analytics Holdings, Inc., Class A | 2.83% |
| 6 | MASI | Masimo Corp. | 2.82% |
| 7 | EA | Electronic Arts, Inc. | 2.82% |
| 8 | — | Chart Industries, Inc. | 2.82% |
| 9 | CFLT | Confluent, Inc., Class A | 2.81% |
| 10 | NSC | Norfolk Southern Corp. | 2.79% |
| 11 | — | Webster Financial Corp. | 2.78% |
| 12 | NGD.TO | New Gold, Inc. | 2.68% |
| 13 | PEN | Penumbra, Inc. | 2.67% |
| 14 | — | Air Lease Corp. | 2.52% |
| 15 | SEE | Sealed Air Corp. | 2.24% |
| 16 | RAPT | RAPT Therapeutics, Inc. | 2.23% |
| 17 | AAUC.TO | Allied Gold Corp. | 2.07% |
| 18 | — | DigitalBridge Group, Inc. | 2.06% |
| 19 | — | Onestream, Inc. | 2.06% |
| 20 | TXNM | TXNM Energy, Inc. | 2.05% |
| 21 | TPH | Tri Pointe Homes, Inc. | 2.05% |
| 22 | VTYX | Ventyx Biosciences, Inc. | 2.05% |
| 23 | SLAB | Silicon Laboratories, Inc. | 2.05% |
| 24 | — | Brighthouse Financial, Inc. | 1.93% |
| 25 | SEMR | SEMrush Holdings, Inc., Class A | 1.63% |
| 26 | ALLFG.AS | Allfunds Group PLC | 1.57% |
| 27 | TGNA | TEGNA, Inc. | 1.53% |
| 28 | FRGE | Forge Global Holdings, Inc. | 1.53% |
| 29 | JTC.L | Jtc PLC | 1.52% |
| 30 | — | Schroders PLC | 1.52% |

Source: etf.net, https://etf.net/etf/ARB. Please cite the page URL.