NYLIM Merger Arbitrage ETF
MNA
19 hedge funds and large institutions have $22.6M invested in NYLIM Merger Arbitrage ETF in 2014 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 7 increasing their positions, 3 reducing their positions, and 1 closing their positions.
400% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 1
133% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 3
108% more capital invested
Capital invested by funds: $10.9M → $22.6M (+$11.7M)
27% more funds holding
Funds holding: 15 → 19 (+4)
6.57% more ownership
Funds ownership: 30.09% → 36.66% (+6.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NYLIM
New York Life Investment Management
New York
|
+$10.5M |
| 2 |
Morgan Stanley
New York
|
+$1.11M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$945K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$768K |
| 5 |
JIC
Johnson Investment Counsel
Cincinnati,
Ohio
|
+$636K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Stringer Asset Management
Memphis,
Tennessee
|
-$1.28M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$742K |
| 3 |
Jane Street
New York
|
-$619K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$16.5K |
MNA Hedge Fund Activity: Q3 2014 in Review
19 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in NYLIM Merger Arbitrage ETF (MNA) for Q3 2014, worth a combined $22.6M — up 108% from $10.9M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new MNA positions and 1 closed out — a net gain of 4 holders — while 7 added to existing stakes and 3 trimmed.
The largest buyer was New York Life Investment Management, opening a new position worth an estimated $10.5M. The largest seller was Stringer Asset Management, cutting an estimated $1.28M.
- 19 institutional investors held NYLIM Merger Arbitrage ETF (MNA) as of Q3 2014, up from 15 in Q2 2014.
- Funds reported $22.6M of NYLIM Merger Arbitrage ETF stock for Q3 2014, up 108% quarter-over-quarter.
- 5 funds opened new NYLIM Merger Arbitrage ETF positions in Q3 2014 and 1 closed out, a net change of +4 holders.
- The largest NYLIM Merger Arbitrage ETF buyer in Q3 2014 was New York Life Investment Management, an estimated $10.5M added.
- The largest NYLIM Merger Arbitrage ETF seller in Q3 2014 was Stringer Asset Management, an estimated $1.28M sold.
Based on aggregated 13F filings for Q3 2014.