NYLIM Merger Arbitrage ETF
MNA
73 hedge funds and large institutions have $309M invested in NYLIM Merger Arbitrage ETF in 2018 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 33 increasing their positions, 19 reducing their positions, and 9 closing their positions.
74% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 19
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
24% more capital invested
Capital invested by funds: $249M → $309M (+$59.5M)
5.54% more ownership
Funds ownership: 48.67% → 54.21% (+5.5%)
5% less funds holding
Funds holding: 77 → 73 (-4)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
+$27.9M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$21.4M |
| 3 |
VCM
Verger Capital Management
Winston-Salem,
North Carolina
|
+$5.96M |
| 4 |
GT
Greenleaf Trust
Kalamazoo,
Michigan
|
+$5.88M |
| 5 |
MFP
Mosaic Financial Partners
San Francisco,
California
|
+$3.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$9.92M |
| 2 |
HH
Hilltop Holdings
Dallas,
Texas
|
-$7.18M |
| 3 |
LPL Financial
San Diego,
California
|
-$2.16M |
| 4 |
VF
Virtu Financial
New York
|
-$610K |
| 5 |
Goldman Sachs
New York
|
-$591K |
MNA Hedge Fund Activity: Q2 2018 in Review
73 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in NYLIM Merger Arbitrage ETF (MNA) for Q2 2018, worth a combined $309M — up 24% from $249M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of MNA and 7 opened new positions — a net loss of 2 holders — while 19 trimmed existing stakes and 33 added.
The largest buyer was Brinker Capital Investments, adding an estimated $27.9M. The largest seller was Susquehanna International Group, cutting an estimated $9.92M.
- 73 institutional investors held NYLIM Merger Arbitrage ETF (MNA) as of Q2 2018, down from 77 in Q1 2018.
- Funds reported $309M of NYLIM Merger Arbitrage ETF stock for Q2 2018, up 24% quarter-over-quarter.
- 7 funds opened new NYLIM Merger Arbitrage ETF positions in Q2 2018 and 9 closed out, a net change of -2 holders.
- The largest NYLIM Merger Arbitrage ETF buyer in Q2 2018 was Brinker Capital Investments, an estimated $27.9M added.
- The largest NYLIM Merger Arbitrage ETF seller in Q2 2018 was Susquehanna International Group, an estimated $9.92M sold.
Based on aggregated 13F filings for Q2 2018.