NYLIM Merger Arbitrage ETF
MNA
45 hedge funds and large institutions have $80.6M invested in NYLIM Merger Arbitrage ETF in 2015 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 18 increasing their positions, 10 reducing their positions, and 5 closing their positions.
120% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 5
80% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 10
13% more funds holding
Funds holding: 40 → 45 (+5)
5% less capital invested
Capital invested by funds: $84.8M → $80.6M (-$4.26M)
5.84% less ownership
Funds ownership: 61.56% → 55.72% (-5.8%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
+$2.59M |
| 2 |
CFA
Carroll Financial Associates
Charlotte,
North Carolina
|
+$2.56M |
| 3 |
WSTAM
Wilbanks Smith & Thomas Asset Management
Norfolk,
Virginia
|
+$538K |
| 4 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$483K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$456K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$6.55M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$2.48M |
| 3 |
Morgan Stanley
New York
|
-$421K |
| 4 |
BCM
Boyle Capital Management
West Des Moines,
Iowa
|
-$327K |
| 5 |
CWA
Constellation Wealth Advisors
New York
|
-$281K |
MNA Hedge Fund Activity: Q3 2015 in Review
45 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in NYLIM Merger Arbitrage ETF (MNA) for Q3 2015, worth a combined $80.6M — down 5% from $84.8M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new MNA positions and 5 closed out — a net gain of 6 holders — while 18 added to existing stakes and 10 trimmed.
The largest buyer was Aviance Capital Management, opening a new position worth an estimated $2.59M. The largest seller was Susquehanna International Group, cutting an estimated $6.55M.
- 45 institutional investors held NYLIM Merger Arbitrage ETF (MNA) as of Q3 2015, up from 40 in Q2 2015.
- Funds reported $80.6M of NYLIM Merger Arbitrage ETF stock for Q3 2015, down 5% quarter-over-quarter.
- 11 funds opened new NYLIM Merger Arbitrage ETF positions in Q3 2015 and 5 closed out, a net change of +6 holders.
- The largest NYLIM Merger Arbitrage ETF buyer in Q3 2015 was Aviance Capital Management, an estimated $2.59M added.
- The largest NYLIM Merger Arbitrage ETF seller in Q3 2015 was Susquehanna International Group, an estimated $6.55M sold.
Based on aggregated 13F filings for Q3 2015.