NYLIM Merger Arbitrage ETF
MNA
92 hedge funds and large institutions have $281M invested in NYLIM Merger Arbitrage ETF in 2023 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 22 increasing their positions, 42 reducing their positions, and 11 closing their positions.
27% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 11
2% more funds holding
Funds holding: 90 → 92 (+2)
1.57% more ownership
Funds ownership: 81.9% → 83.48% (+1.6%)
26% less capital invested
Capital invested by funds: $382M → $281M (-$101M)
48% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 42
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$20M |
| 2 |
SAG
SageView Advisory Group
Newport Beach,
California
|
+$13.4M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$7M |
| 4 |
PAS
Park Avenue Securities
New York
|
+$1M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$772K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GT
Greenleaf Trust
Kalamazoo,
Michigan
|
-$72.2M |
| 2 |
OIA
OneDigital Investment Advisors
Overland Park,
Kansas
|
-$15.5M |
| 3 |
WAP
Wealthcare Advisory Partners
West Chester,
Pennsylvania
|
-$13.1M |
| 4 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$6.1M |
| 5 |
CF
Cantor Fitzgerald
New York
|
-$3.48M |
MNA Hedge Fund Activity: Q4 2023 in Review
92 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in NYLIM Merger Arbitrage ETF (MNA) for Q4 2023, worth a combined $281M — down 26% from $382M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new MNA positions and 11 closed out — a net gain of 3 holders — while 22 added to existing stakes and 42 trimmed.
The largest buyer was Jane Street, adding an estimated $20M. The largest seller was Greenleaf Trust, cutting an estimated $72.2M.
- 92 institutional investors held NYLIM Merger Arbitrage ETF (MNA) as of Q4 2023, up from 90 in Q3 2023.
- Funds reported $281M of NYLIM Merger Arbitrage ETF stock for Q4 2023, down 26% quarter-over-quarter.
- 14 funds opened new NYLIM Merger Arbitrage ETF positions in Q4 2023 and 11 closed out, a net change of +3 holders.
- The largest NYLIM Merger Arbitrage ETF buyer in Q4 2023 was Jane Street, an estimated $20M added.
- The largest NYLIM Merger Arbitrage ETF seller in Q4 2023 was Greenleaf Trust, an estimated $72.2M sold.
Based on aggregated 13F filings for Q4 2023.