NYLIM Merger Arbitrage ETF
MNA
86 hedge funds and large institutions have $176M invested in NYLIM Merger Arbitrage ETF in 2025 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 28 increasing their positions, 32 reducing their positions, and 8 closing their positions.
50% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 8
9% more capital invested
Capital invested by funds: $161M → $176M (+$14.8M)
5% more funds holding
Funds holding: 82 → 86 (+4)
3.2% more ownership
Funds ownership: 63.23% → 66.43% (+3.2%)
13% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 32
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
+$5.16M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$3.4M |
| 3 |
NYLIM
New York Life Investment Management
New York
|
+$3.11M |
| 4 |
Jane Street
New York
|
+$1.53M |
| 5 |
Raymond James Financial
St Petersburg,
Florida
|
+$1.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GS
GTS Securities
Miami,
Florida
|
-$1.07M |
| 2 |
LPL Financial
San Diego,
California
|
-$890K |
| 3 |
LSWP
Liberty Square Wealth Partners
Bethlehem,
Pennsylvania
|
-$597K |
| 4 |
OAM
Oppenheimer Asset Management
New York
|
-$432K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$380K |
MNA Hedge Fund Activity: Q4 2025 in Review
86 of the 8,270 institutional investors tracked by Wall St. Rank reported a position in NYLIM Merger Arbitrage ETF (MNA) for Q4 2025, worth a combined $176M — up 9.2% from $161M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new MNA positions and 8 closed out — a net gain of 4 holders — while 28 added to existing stakes and 32 trimmed.
The largest buyer was IHT Wealth Management, opening a new position worth an estimated $5.16M. The largest seller was GTS Securities, exiting entirely with an estimated $1.07M sold.
- 86 institutional investors held NYLIM Merger Arbitrage ETF (MNA) as of Q4 2025, up from 82 in Q3 2025.
- Funds reported $176M of NYLIM Merger Arbitrage ETF stock for Q4 2025, up 9.2% quarter-over-quarter.
- 12 funds opened new NYLIM Merger Arbitrage ETF positions in Q4 2025 and 8 closed out, a net change of +4 holders.
- The largest NYLIM Merger Arbitrage ETF buyer in Q4 2025 was IHT Wealth Management, an estimated $5.16M added.
- The largest NYLIM Merger Arbitrage ETF seller in Q4 2025 was GTS Securities, an estimated $1.07M sold.
Based on aggregated 13F filings for Q4 2025.