NYLIM Merger Arbitrage ETF
MNA
69 hedge funds and large institutions have $151M invested in NYLIM Merger Arbitrage ETF in 2025 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 15 increasing their positions, 35 reducing their positions, and 11 closing their positions.
3% more capital invested
Capital invested by funds: $147M → $151M (+$4.63M)
0.98% more ownership
Funds ownership: 66.89% → 67.87% (+0.98%)
9% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 11
4% less funds holding
Funds holding: 72 → 69 (-3)
57% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 35
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$7.78M |
| 2 |
QAM
Q3 Asset Management
Birmingham,
Michigan
|
+$3.73M |
| 3 |
OPCM
Osborne Partners Capital Management
San Francisco,
California
|
+$1.67M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$649K |
| 5 |
AL
Aspiriant LLC
Los Angeles,
California
|
+$643K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NYLIM
New York Life Investment Management
New York
|
-$9.4M |
| 2 |
GT
Greenleaf Trust
Kalamazoo,
Michigan
|
-$1.1M |
| 3 |
MCM
MAI Capital Management
Independence,
Ohio
|
-$1.05M |
| 4 |
RL
Retireful LLC
Haslett,
Michigan
|
-$811K |
| 5 |
Jane Street
New York
|
-$685K |
MNA Hedge Fund Activity: Q1 2025 in Review
69 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in NYLIM Merger Arbitrage ETF (MNA) for Q1 2025, worth a combined $151M — up 3.2% from $147M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of MNA and 10 opened new positions — a net loss of 1 holder — while 35 trimmed existing stakes and 15 added.
The largest buyer was B. Riley Wealth Advisors, opening a new position worth an estimated $7.78M. The largest seller was New York Life Investment Management, cutting an estimated $9.4M.
- 69 institutional investors held NYLIM Merger Arbitrage ETF (MNA) as of Q1 2025, down from 72 in Q4 2024.
- Funds reported $151M of NYLIM Merger Arbitrage ETF stock for Q1 2025, up 3.2% quarter-over-quarter.
- 10 funds opened new NYLIM Merger Arbitrage ETF positions in Q1 2025 and 11 closed out, a net change of -1 holder.
- The largest NYLIM Merger Arbitrage ETF buyer in Q1 2025 was B. Riley Wealth Advisors, an estimated $7.78M added.
- The largest NYLIM Merger Arbitrage ETF seller in Q1 2025 was New York Life Investment Management, an estimated $9.4M sold.
Based on aggregated 13F filings for Q1 2025.