NYLIM Merger Arbitrage ETF
MNA
42 hedge funds and large institutions have $49.6M invested in NYLIM Merger Arbitrage ETF in 2015 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 13 increasing their positions, 15 reducing their positions, and 7 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7% less funds holding
Funds holding: 45 → 42 (-3)
12.06% less ownership
Funds ownership: 55.72% → 43.66% (-12%)
13% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 15
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
38% less capital invested
Capital invested by funds: $80.6M → $49.6M (-$30.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$1.54M |
| 2 |
Axa
Paris,
France
|
+$918K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$879K |
| 4 |
AGA
Accuvest Global Advisors
Provo,
Utah
|
+$811K |
| 5 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
+$724K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NYLIM
New York Life Investment Management
New York
|
-$15.8M |
| 2 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
-$10.6M |
| 3 |
JIC
Johnson Investment Counsel
Cincinnati,
Ohio
|
-$4.22M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.9M |
| 5 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
-$1.11M |
MNA Hedge Fund Activity: Q4 2015 in Review
42 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in NYLIM Merger Arbitrage ETF (MNA) for Q4 2015, worth a combined $49.6M — down 38% from $80.6M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of MNA and 6 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 13 added.
The largest buyer was Cetera Advisor Networks, opening a new position worth an estimated $1.54M. The largest seller was New York Life Investment Management, exiting entirely with an estimated $15.8M sold.
- 42 institutional investors held NYLIM Merger Arbitrage ETF (MNA) as of Q4 2015, down from 45 in Q3 2015.
- Funds reported $49.6M of NYLIM Merger Arbitrage ETF stock for Q4 2015, down 38% quarter-over-quarter.
- 6 funds opened new NYLIM Merger Arbitrage ETF positions in Q4 2015 and 7 closed out, a net change of -1 holder.
- The largest NYLIM Merger Arbitrage ETF buyer in Q4 2015 was Cetera Advisor Networks, an estimated $1.54M added.
- The largest NYLIM Merger Arbitrage ETF seller in Q4 2015 was New York Life Investment Management, an estimated $15.8M sold.
Based on aggregated 13F filings for Q4 2015.