NYLIM Merger Arbitrage ETF
MNA
115 hedge funds and large institutions have $552M invested in NYLIM Merger Arbitrage ETF in 2018 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 42 increasing their positions, 23 reducing their positions, and 9 closing their positions.
344% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 9
117% more funds holding in top 10
Funds holding in top 10: 6 → 13 (+7)
83% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 23
49% more capital invested
Capital invested by funds: $369M → $552M (+$182M)
35% more funds holding
Funds holding: 85 → 115 (+30)
7.14% more ownership
Funds ownership: 59.59% → 66.73% (+7.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$19M |
| 2 |
Morgan Stanley
New York
|
+$16.1M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$16M |
| 4 |
PP
Prudential plc
London, England,
United Kingdom
|
+$10.7M |
| 5 |
UWM
USAdvisors Wealth Management
Eden Prairie,
Minnesota
|
+$10.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OIA
OneDigital Investment Advisors
Overland Park,
Kansas
|
-$1.77M |
| 2 |
NAM
NorthCoast Asset Management
Greenwich,
Connecticut
|
-$1.47M |
| 3 |
Jane Street
New York
|
-$1.29M |
| 4 |
CFA
Carroll Financial Associates
Charlotte,
North Carolina
|
-$651K |
| 5 |
AP
Advisors Preferred
Rockville,
Maryland
|
-$266K |
MNA Hedge Fund Activity: Q4 2018 in Review
115 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in NYLIM Merger Arbitrage ETF (MNA) for Q4 2018, worth a combined $552M — up 49% from $369M a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new MNA positions and 9 closed out — a net gain of 31 holders — while 42 added to existing stakes and 23 trimmed.
The largest buyer was Manulife (Manufacturers Life Insurance), opening a new position worth an estimated $19M. The largest seller was OneDigital Investment Advisors, cutting an estimated $1.77M.
- 115 institutional investors held NYLIM Merger Arbitrage ETF (MNA) as of Q4 2018, up from 85 in Q3 2018.
- Funds reported $552M of NYLIM Merger Arbitrage ETF stock for Q4 2018, up 49% quarter-over-quarter.
- 40 funds opened new NYLIM Merger Arbitrage ETF positions in Q4 2018 and 9 closed out, a net change of +31 holders.
- The largest NYLIM Merger Arbitrage ETF buyer in Q4 2018 was Manulife (Manufacturers Life Insurance), an estimated $19M added.
- The largest NYLIM Merger Arbitrage ETF seller in Q4 2018 was OneDigital Investment Advisors, an estimated $1.77M sold.
Based on aggregated 13F filings for Q4 2018.