NYLIM Merger Arbitrage ETF
MNA
73 hedge funds and large institutions have $151M invested in NYLIM Merger Arbitrage ETF in 2025 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 20 increasing their positions, 24 reducing their positions, and 7 closing their positions.
71% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 7
6% more funds holding
Funds holding: 69 → 73 (+4)
0% less capital invested
Capital invested by funds: $151M → $151M (-$115K)
2.92% less ownership
Funds ownership: 67.87% → 64.94% (-2.9%)
17% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.9M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$2.47M |
| 3 |
RL
Retireful LLC
Haslett,
Michigan
|
+$1.33M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$1.14M |
| 5 |
CWM
Congress Wealth Management
Boston,
Massachusetts
|
+$725K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QAM
Q3 Asset Management
Birmingham,
Michigan
|
-$3.8M |
| 2 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$2.41M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$2.16M |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$2.06M |
| 5 |
NYLIM
New York Life Investment Management
New York
|
-$1.74M |
MNA Hedge Fund Activity: Q2 2025 in Review
73 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in NYLIM Merger Arbitrage ETF (MNA) for Q2 2025, worth a combined $151M — down 0.08% from $151M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new MNA positions and 7 closed out — a net gain of 5 holders — while 20 added to existing stakes and 24 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $2.9M. The largest seller was Q3 Asset Management, exiting entirely with an estimated $3.8M sold.
- 73 institutional investors held NYLIM Merger Arbitrage ETF (MNA) as of Q2 2025, up from 69 in Q1 2025.
- Funds reported $151M of NYLIM Merger Arbitrage ETF stock for Q2 2025, down 0.08% quarter-over-quarter.
- 12 funds opened new NYLIM Merger Arbitrage ETF positions in Q2 2025 and 7 closed out, a net change of +5 holders.
- The largest NYLIM Merger Arbitrage ETF buyer in Q2 2025 was Morgan Stanley, an estimated $2.9M added.
- The largest NYLIM Merger Arbitrage ETF seller in Q2 2025 was Q3 Asset Management, an estimated $3.8M sold.
Based on aggregated 13F filings for Q2 2025.