NYLIM Merger Arbitrage ETF
MNA
106 hedge funds and large institutions have $371M invested in NYLIM Merger Arbitrage ETF in 2023 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 24 increasing their positions, 56 reducing their positions, and 19 closing their positions.
2.32% more ownership
Funds ownership: 77.55% → 79.87% (+2.3%)
6% less capital invested
Capital invested by funds: $396M → $371M (-$24.9M)
10% less funds holding
Funds holding: 118 → 106 (-12)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
47% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 19
57% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 56
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$2.62M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$2.31M |
| 3 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
+$2.03M |
| 4 |
CWM
Curi Wealth Management
Raleigh,
North Carolina
|
+$1.28M |
| 5 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
+$1.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIG
Spinnaker Investment Group
Newport Beach,
California
|
-$4.52M |
| 2 |
Jane Street
New York
|
-$3.66M |
| 3 |
OIA
OneDigital Investment Advisors
Overland Park,
Kansas
|
-$2.16M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.12M |
| 5 |
AL
Aspiriant LLC
Los Angeles,
California
|
-$2.07M |
MNA Hedge Fund Activity: Q1 2023 in Review
106 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in NYLIM Merger Arbitrage ETF (MNA) for Q1 2023, worth a combined $371M — down 6.3% from $396M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of MNA and 10 opened new positions — a net loss of 9 holders — while 56 trimmed existing stakes and 24 added.
The largest buyer was B. Riley Wealth Advisors, adding an estimated $2.62M. The largest seller was Spinnaker Investment Group, exiting entirely with an estimated $4.52M sold.
- 106 institutional investors held NYLIM Merger Arbitrage ETF (MNA) as of Q1 2023, down from 118 in Q4 2022.
- Funds reported $371M of NYLIM Merger Arbitrage ETF stock for Q1 2023, down 6.3% quarter-over-quarter.
- 10 funds opened new NYLIM Merger Arbitrage ETF positions in Q1 2023 and 19 closed out, a net change of -9 holders.
- The largest NYLIM Merger Arbitrage ETF buyer in Q1 2023 was B. Riley Wealth Advisors, an estimated $2.62M added.
- The largest NYLIM Merger Arbitrage ETF seller in Q1 2023 was Spinnaker Investment Group, an estimated $4.52M sold.
Based on aggregated 13F filings for Q1 2023.