NYLIM Merger Arbitrage ETF
MNA
95 hedge funds and large institutions have $375M invested in NYLIM Merger Arbitrage ETF in 2023 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 25 increasing their positions, 46 reducing their positions, and 18 closing their positions.
1% more capital invested
Capital invested by funds: $371M → $375M (+$3.99M)
0.04% more ownership
Funds ownership: 79.87% → 79.9% (+0.04%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
10% less funds holding
Funds holding: 106 → 95 (-11)
46% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 46
56% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NYLIM
New York Life Investment Management
New York
|
+$32.4M |
| 2 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$4.57M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$2.96M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$2.25M |
| 5 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
+$1.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Curi Wealth Management
Raleigh,
North Carolina
|
-$6.32M |
| 2 |
Jane Street
New York
|
-$3.39M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$3.37M |
| 4 |
OIA
OneDigital Investment Advisors
Overland Park,
Kansas
|
-$3.28M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$2M |
MNA Hedge Fund Activity: Q2 2023 in Review
95 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in NYLIM Merger Arbitrage ETF (MNA) for Q2 2023, worth a combined $375M — up 1.1% from $371M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of MNA and 8 opened new positions — a net loss of 10 holders — while 46 trimmed existing stakes and 25 added.
The largest buyer was New York Life Investment Management, opening a new position worth an estimated $32.4M. The largest seller was Curi Wealth Management, cutting an estimated $6.32M.
- 95 institutional investors held NYLIM Merger Arbitrage ETF (MNA) as of Q2 2023, down from 106 in Q1 2023.
- Funds reported $375M of NYLIM Merger Arbitrage ETF stock for Q2 2023, up 1.1% quarter-over-quarter.
- 8 funds opened new NYLIM Merger Arbitrage ETF positions in Q2 2023 and 18 closed out, a net change of -10 holders.
- The largest NYLIM Merger Arbitrage ETF buyer in Q2 2023 was New York Life Investment Management, an estimated $32.4M added.
- The largest NYLIM Merger Arbitrage ETF seller in Q2 2023 was Curi Wealth Management, an estimated $6.32M sold.
Based on aggregated 13F filings for Q2 2023.