# First Trust Merger Arbitrage Fund

First Trust Merger Arbitrage Fund is a registered fund series of INVESTMENT MANAGERS SERIES TRUST II (series S000048195). Net assets $1.6B as of 2026-03-31.

## Profile

- Series ID: S000048195
- Registrant: INVESTMENT MANAGERS SERIES TRUST II
- LEI: 549300T1RVAXYLDWYR96
- Net assets: $1.6B
- Total assets: $1.7B
- As of: 2026-03-31

## Advisers

- [FIRST TRUST CAPITAL MANAGEMENT L.P. (Advisor)](https://search.stillhousedata.com/firm/168884)

## Top holdings (200 reported)

_Showing 15 of 200 holdings by value._

| Holding | Ticker | Value | % of fund |
| --- | --- | --- | --- |
| [Chart Industries Inc](https://search.stillhousedata.com/security/16115Q308) | — | $111.6M | 706.22% |
| [Hologic Inc](https://search.stillhousedata.com/security/436440101) | — | $84.6M | 534.99% |
| [Sealed Air Corp](https://search.stillhousedata.com/security/81211K100) | — | $84.1M | 532.27% |
| [Masimo Corp](https://search.stillhousedata.com/security/574795100) | — | $71.5M | 452.52% |
| [Electronic Arts Inc](https://search.stillhousedata.com/security/285512109) | — | $69.4M | 438.81% |
| [Tri Pointe Homes Inc](https://search.stillhousedata.com/security/87265H109) | — | $62.9M | 397.94% |
| [National Storage Affiliates Tr](https://search.stillhousedata.com/security/637870106) | — | $58.5M | 370.21% |
| [Air Lease Corp](https://search.stillhousedata.com/security/00912X302) | — | $53.1M | 336.17% |
| [Clearwater Analytics Holdings](https://search.stillhousedata.com/security/185123106) | — | $42.5M | 268.70% |
| [Terns Pharmaceuticals Inc](https://search.stillhousedata.com/security/880881107) | — | $40.7M | 257.54% |
| [Veris Residential Inc](https://search.stillhousedata.com/security/554489104) | — | $38.8M | 245.40% |
| [Onestream Inc](https://search.stillhousedata.com/security/68278B107) | — | $36.6M | 231.85% |
| [Webster Financial Corp](https://search.stillhousedata.com/security/947890109) | — | $29.6M | 187.46% |
| [Centurion Acquisition Corp](https://search.stillhousedata.com/security/G20315100) | — | $26.7M | 169.02% |
| [Day One Biopharmaceuticals Inc](https://search.stillhousedata.com/security/23954D109) | — | $26.4M | 166.85% |

## Net asset history

| Report date | Net assets |
| --- | --- |
| 2026-03-31 | $1.6B |
| 2025-12-31 | $1.6B |
| 2025-09-30 | $1.5B |
| 2025-06-30 | $1.5B |
| 2025-03-31 | $1.5B |
| 2024-12-31 | $1.5B |
| 2024-09-30 | $1.5B |
| 2024-06-30 | $1.6B |

## More

- [Registrant: INVESTMENT MANAGERS SERIES TRUST II](https://search.stillhousedata.com/registrant/1587982)
- [This page as markdown (for LLM agents)](https://search.stillhousedata.com/fund/S000048195.md)
- [Search all SEC filings, advisers and people on Adviser Search](https://search.stillhousedata.com/)

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Source: public SEC filing data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.