NYLIM Merger Arbitrage ETF
MNA
117 hedge funds and large institutions have $510M invested in NYLIM Merger Arbitrage ETF in 2020 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 36 increasing their positions, 50 reducing their positions, and 17 closing their positions.
7% more capital invested
Capital invested by funds: $477M → $510M (+$33.4M)
3.17% more ownership
Funds ownership: 68.18% → 71.35% (+3.2%)
4% less funds holding
Funds holding: 122 → 117 (-5)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
24% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 17
28% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 50
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
USAA
United Services Automobile Association
San Antonio,
Texas
|
+$8.1M |
| 2 |
MIA
MainStreet Investment Advisors
Chicago,
Illinois
|
+$7.1M |
| 3 |
OIA
OneDigital Investment Advisors
Overland Park,
Kansas
|
+$4.19M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$2.41M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IDA
Intelligence Driven Advisers
Carlsbad,
California
|
-$5.15M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$3.71M |
| 3 |
FMBTD
First Midwest Bank Trust Division
Joliet,
Illinois
|
-$2.58M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$2.44M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$2.41M |
MNA Hedge Fund Activity: Q3 2020 in Review
117 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in NYLIM Merger Arbitrage ETF (MNA) for Q3 2020, worth a combined $510M — up 7% from $477M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of MNA and 13 opened new positions — a net loss of 4 holders — while 50 trimmed existing stakes and 36 added.
The largest buyer was United Services Automobile Association, opening a new position worth an estimated $8.1M. The largest seller was Intelligence Driven Advisers, exiting entirely with an estimated $5.15M sold.
- 117 institutional investors held NYLIM Merger Arbitrage ETF (MNA) as of Q3 2020, down from 122 in Q2 2020.
- Funds reported $510M of NYLIM Merger Arbitrage ETF stock for Q3 2020, up 7% quarter-over-quarter.
- 13 funds opened new NYLIM Merger Arbitrage ETF positions in Q3 2020 and 17 closed out, a net change of -4 holders.
- The largest NYLIM Merger Arbitrage ETF buyer in Q3 2020 was United Services Automobile Association, an estimated $8.1M added.
- The largest NYLIM Merger Arbitrage ETF seller in Q3 2020 was Intelligence Driven Advisers, an estimated $5.15M sold.
Based on aggregated 13F filings for Q3 2020.