NYLIM Merger Arbitrage ETF
MNA
90 hedge funds and large institutions have $382M invested in NYLIM Merger Arbitrage ETF in 2023 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 28 increasing their positions, 40 reducing their positions, and 14 closing their positions.
2% more ownership
Funds ownership: 79.9% → 81.9% (+2%)
2% more capital invested
Capital invested by funds: $375M → $382M (+$6.45M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
5% less funds holding
Funds holding: 95 → 90 (-5)
30% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 40
36% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NYLIM
New York Life Investment Management
New York
|
+$11.2M |
| 2 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$5.17M |
| 3 |
AC
Avestar Capital
New York
|
+$3.04M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$2.36M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$977K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCMG
Clark Capital Management Group
Philadelphia,
Pennsylvania
|
-$3.54M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$3.42M |
| 3 |
OIA
OneDigital Investment Advisors
Overland Park,
Kansas
|
-$2.59M |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$2.38M |
| 5 |
PA
Pinnacle Associates
New York
|
-$1.68M |
MNA Hedge Fund Activity: Q3 2023 in Review
90 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in NYLIM Merger Arbitrage ETF (MNA) for Q3 2023, worth a combined $382M — up 1.7% from $375M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of MNA and 9 opened new positions — a net loss of 5 holders — while 40 trimmed existing stakes and 28 added.
The largest buyer was New York Life Investment Management, adding an estimated $11.2M. The largest seller was Clark Capital Management Group, exiting entirely with an estimated $3.54M sold.
- 90 institutional investors held NYLIM Merger Arbitrage ETF (MNA) as of Q3 2023, down from 95 in Q2 2023.
- Funds reported $382M of NYLIM Merger Arbitrage ETF stock for Q3 2023, up 1.7% quarter-over-quarter.
- 9 funds opened new NYLIM Merger Arbitrage ETF positions in Q3 2023 and 14 closed out, a net change of -5 holders.
- The largest NYLIM Merger Arbitrage ETF buyer in Q3 2023 was New York Life Investment Management, an estimated $11.2M added.
- The largest NYLIM Merger Arbitrage ETF seller in Q3 2023 was Clark Capital Management Group, an estimated $3.54M sold.
Based on aggregated 13F filings for Q3 2023.