NYLIM Merger Arbitrage ETF
MNA
78 hedge funds and large institutions have $218M invested in NYLIM Merger Arbitrage ETF in 2024 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 23 increasing their positions, 36 reducing their positions, and 19 closing their positions.
7.91% less ownership
Funds ownership: 83.48% → 75.56% (-7.9%)
15% less funds holding
Funds holding: 92 → 78 (-14)
22% less capital invested
Capital invested by funds: $281M → $218M (-$63M)
36% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 36
74% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 19
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$6.1M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$2.51M |
| 3 |
OAM
Oppenheimer Asset Management
New York
|
+$2.33M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.86M |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$264K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$22.8M |
| 2 |
NYLIM
New York Life Investment Management
New York
|
-$13.9M |
| 3 |
GT
Greenleaf Trust
Kalamazoo,
Michigan
|
-$8.2M |
| 4 |
LPL Financial
San Diego,
California
|
-$6.2M |
| 5 |
AC
Avestar Capital
New York
|
-$3.7M |
MNA Hedge Fund Activity: Q1 2024 in Review
78 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in NYLIM Merger Arbitrage ETF (MNA) for Q1 2024, worth a combined $218M — down 22% from $281M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of MNA and 5 opened new positions — a net loss of 14 holders — while 36 trimmed existing stakes and 23 added.
The largest buyer was B. Riley Wealth Advisors, adding an estimated $6.1M. The largest seller was Jane Street, cutting an estimated $22.8M.
- 78 institutional investors held NYLIM Merger Arbitrage ETF (MNA) as of Q1 2024, down from 92 in Q4 2023.
- Funds reported $218M of NYLIM Merger Arbitrage ETF stock for Q1 2024, down 22% quarter-over-quarter.
- 5 funds opened new NYLIM Merger Arbitrage ETF positions in Q1 2024 and 19 closed out, a net change of -14 holders.
- The largest NYLIM Merger Arbitrage ETF buyer in Q1 2024 was B. Riley Wealth Advisors, an estimated $6.1M added.
- The largest NYLIM Merger Arbitrage ETF seller in Q1 2024 was Jane Street, an estimated $22.8M sold.
Based on aggregated 13F filings for Q1 2024.