NYLIM Merger Arbitrage ETF
MNA
41 hedge funds and large institutions have $52.4M invested in NYLIM Merger Arbitrage ETF in 2016 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 12 reducing their positions, and 6 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 12
6% more capital invested
Capital invested by funds: $49.6M → $52.4M (+$2.79M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.45% less ownership
Funds ownership: 43.66% → 42.21% (-1.5%)
2% less funds holding
Funds holding: 42 → 41 (-1)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.12M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$769K |
| 3 |
IA
IFP Advisors
Tampa,
Florida
|
+$460K |
| 4 |
ATC
Argent Trust Co
Nashville,
Tennessee
|
+$404K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$333K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$671K |
| 2 |
TFA
Transamerica Financial Advisors
St. Petersburg,
Florida
|
-$591K |
| 3 |
Jane Street
New York
|
-$477K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
-$384K |
| 5 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$237K |
MNA Hedge Fund Activity: Q1 2016 in Review
41 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in NYLIM Merger Arbitrage ETF (MNA) for Q1 2016, worth a combined $52.4M — up 5.6% from $49.6M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of MNA and 5 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 16 added.
The largest buyer was Ameriprise, adding an estimated $1.12M. The largest seller was Cambridge Investment Research Advisors, exiting entirely with an estimated $671K sold.
- 41 institutional investors held NYLIM Merger Arbitrage ETF (MNA) as of Q1 2016, down from 42 in Q4 2015.
- Funds reported $52.4M of NYLIM Merger Arbitrage ETF stock for Q1 2016, up 5.6% quarter-over-quarter.
- 5 funds opened new NYLIM Merger Arbitrage ETF positions in Q1 2016 and 6 closed out, a net change of -1 holder.
- The largest NYLIM Merger Arbitrage ETF buyer in Q1 2016 was Ameriprise, an estimated $1.12M added.
- The largest NYLIM Merger Arbitrage ETF seller in Q1 2016 was Cambridge Investment Research Advisors, an estimated $671K sold.
Based on aggregated 13F filings for Q1 2016.