MFA FINL INC MFA
COM · REIT · CUSIP 55272X607
- SectorReal estate
- IndustryReal Estate Investment Trusts
- HeadquartersNew York, NY
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($7.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $11.40. Options: 7 managers hold calls ($4.7m notional), 8 hold puts ($10.9m).
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 171 |
| Q4 2022 | 176 |
| Q1 2023 | 173 |
| Q2 2023 | 174 |
| Q3 2023 | 171 |
| Q4 2023 | 177 |
| Q1 2024 | 176 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 80 | 90 |
| Q1 2023 | 103 | 61 |
| Q2 2023 | 76 | 88 |
| Q3 2023 | 91 | 63 |
| Q4 2023 | 72 | 88 |
| Q1 2024 | 81 | 80 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $21.7m | $35.8m | 1.65 |
| Q3 2023 | $19.9m | $31.1m | 1.56 |
| Q4 2023 | $19.6m | $36.1m | 1.85 |
| Q1 2024 | $4.7m | $10.9m | 2.33 |
Biggest buyers
| WELLINGTON MANAGEMENT GROUP LLP | Added | +904.5k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | Added | +411.2k |
| FRANKLIN RESOURCES INC | Added | +325.3k |
| TWO SIGMA INVESTMENTS, LP | Added | +302.7k |
| MORGAN STANLEY | Added | +274.7k |
| NATIXIS ADVISORS, LLC | Added | +172.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +113.6k |
| PRUDENTIAL FINANCIAL INC | Added | +113.1k |
| Cubist Systematic Strategies, LLC | New | +95.2k |
| Allianz Asset Management GmbH | Added | +76.5k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -1.7m |
| Balyasny Asset Management L.P. | Reduced | -362.2k |
| Advisors Asset Management, Inc. | Reduced | -203.6k |
| NOMURA HOLDINGS INC | Sold out | -172.4k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -150.0k |
| CAXTON ASSOCIATES LP | Reduced | -130.7k |
| ROYAL BANK OF CANADA | Reduced | -128.7k |
| BlackRock Inc. | Reduced | -120.6k |
| Clayton Partners LLC | Sold out | -95.0k |
| BARCLAYS PLC | Reduced | -70.2k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $2.3m204.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.0m88.9k shares |
| GROUP ONE TRADING LLC | Reduced | $491.8k43.1k shares |
| JANE STREET GROUP, LLC | Added | $446.1k39.1k shares |
| WOLVERINE TRADING, LLC | Added | $256.7k22.5k shares |
| SIMPLEX TRADING, LLC | Added | $149.0k13.1k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| HBK INVESTMENTS L P | Reduced | $4.7m415.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.6m231.5k shares |
| CITADEL ADVISORS LLC | Reduced | $2.0m173.0k shares |
| GTS SECURITIES LLC | Reduced | $812.4k71.2k shares |
| GROUP ONE TRADING LLC | Reduced | $390.2k34.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $260.0k22.8k shares |
| WOLVERINE TRADING, LLC | Reduced | $114.1k10.0k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q1 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2022 | 0 | — | 1 | $54.7k | — |
| Q3 2022 | 5 | $119.4k | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
None reported in Q1 2024.
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 10.0m $114.1m | Added +15.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 9.7m $110.5m | Added +904.5k |
| BlackRock Inc. 0.00% of their portfolio | 9.4m $107.3m | Reduced -120.6k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.32% of their portfolio | 3.2m $36.3m | Added +411.2k |
| STATE STREET CORP 0.00% of their portfolio | 2.4m $28.2m | Added +37.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.4m $26.8m | Reduced -1.7m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.3m $26.0m | Added +75.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.8m $20.2m | Added +39.4k |
| PRUDENTIAL FINANCIAL INC 0.03% of their portfolio | 1.7m $19.0m | Added +113.1k |
| MORGAN STANLEY 0.00% of their portfolio | 1.4m $16.4m | Added +274.7k |
| FMR LLC 0.00% of their portfolio | 1.3m $14.5m | Reduced -3.4k |
| Invesco Ltd. 0.00% of their portfolio | 1.1m $12.8m | Added +3.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.0m $11.8m | Reduced -47.7k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 970.1k $11.1m | Added +3.8k |
| EMG Holdings, L.P. 11.16% of their portfolio | 933.6k $10.7m | Added +15.3k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 930.0k $10.6m | Added +59.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 857.3k $9.8m | Reduced -150.0k |
| Mirae Asset Global Investments Co., Ltd. 0.02% of their portfolio | 821.0k $8.1m | Added +57.8k |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 698.9k $8.0m | Added +5.8k |
| NORGES BANK 0.00% of their portfolio | 664.5k $7.6m | Reduced -37.4k |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 637.9k $7.3m | Added +172.4k |
| LSV ASSET MANAGEMENT 0.01% of their portfolio | 465.5k $5.3m | Reduced -53.5k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 456.1k $5.2m | Reduced -34.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 394.1k $4.5m | Added +71.1k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 373.9k $4.3m | Added +325.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 345.3k $3.9m | Reduced -13.9k |
| UBS Group AG 0.00% of their portfolio | 334.0k $3.8m | Reduced -55.2k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 322.7k $3.7m | Added +302.7k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 296.7k $3.4m | Reduced -30.9k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 288.6k $3.3m | Added +76.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 221.1k $2.5m | Added +17.1k |
| Swiss National Bank 0.00% of their portfolio | 200.9k $2.3m | Unchanged |
| AXS Investments LLC 0.55% of their portfolio | 200.0k $2.3m | Reduced -27.7k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 196.1k $2.2m | Unchanged |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 195.2k $2.2m | Added +9.0k |
| Williams Jones Wealth Management, LLC. 0.03% of their portfolio | 180.7k $2.1m | Reduced -63.9k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 169.6k $1.9m | Reduced -9.7k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 169.1k $1.9m | Added +3.7k |
| Independent Advisor Alliance 0.07% of their portfolio | 168.6k $1.9m | Added +32.1k |
| AlphaCentric Advisors LLC 1.15% of their portfolio | 167.7k $1.9m | Added +25.0k |
| BlueCrest Capital Management Ltd 0.45% of their portfolio | 167.2k $1.9m | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 166.3k $1.9m | Added +113.6k |
| ALGERT GLOBAL LLC 0.07% of their portfolio | 148.6k $1.7m | Unchanged |
| CAXTON ASSOCIATES LP 0.11% of their portfolio | 145.9k $1.7m | Reduced -130.7k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 130.6k $1.5m | Reduced -1.5k |
| CITIGROUP INC 0.00% of their portfolio | 120.4k $1.4m | Reduced -28.9k |
| LPL Financial LLC 0.00% of their portfolio | 116.9k $1.3m | Added +18.1k |
| Legal & General Group Plc 0.00% of their portfolio | 112.7k $1.3m | Reduced -421 |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.04% of their portfolio | 109.8k $1.3m | Not comparable |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 109.7k $1.3m | Unchanged |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.01% of their portfolio | 102.9k $1.2m | Reduced -7.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 101.9k $1.2m | Reduced -5.7k |
| Cubist Systematic Strategies, LLC 0.01% of their portfolio | 95.2k $1.1m | New |
| BARCLAYS PLC 0.00% of their portfolio | 92.1k $1.1m | Reduced -70.2k |
| Family Asset Management, LLC 0.65% of their portfolio | 90.9k $1.0m | Reduced -2.8k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 85.1k $971.5k | Reduced -11.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 83.3k $950.3k | Reduced -713 |
| Capula Management Ltd 0.03% of their portfolio | 76.1k $868.2k | Not comparable |
| JUPITER ASSET MANAGEMENT LTD 0.01% of their portfolio | 75.4k $860.1k | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 74.0k $845.0k | Added +3.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 71.6k $817.2k | Reduced -63.6k |
| BAYVIEW ASSET MANAGEMENT, LLC 0.32% of their portfolio | 70.0k $798.7k | New |
| Curi Capital, LLC 0.02% of their portfolio | 69.0k $786.9k | Unchanged |
| NISA INVESTMENT ADVISORS, LLC 0.01% of their portfolio | 67.9k $798.2k | Reduced -900 |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 66.2k $755.0k | Reduced -362.2k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 65.5k $747.7k | Added +5.0k |
| BAILARD, INC. 0.02% of their portfolio | 63.4k $723.4k | New |
| Penserra Capital Management LLC 0.01% of their portfolio | 63.3k $722.0k | Added +7.8k |
| DARK FOREST CAPITAL MANAGEMENT LP 0.12% of their portfolio | 62.6k $714.0k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 61.4k $702.0k | Reduced -128.7k |
| Delphi Financial Group, Inc. 0.44% of their portfolio | 60.0k $684.6k | New |
| Advisors Asset Management, Inc. 0.01% of their portfolio | 50.5k $576.8k | Reduced -203.6k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio | 50.5k $575.6k | Reduced -433 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 50.2k $573.2k | Reduced -782 |
| Y-Intercept (Hong Kong) Ltd 0.04% of their portfolio | 49.7k $567.1k | Added +27.2k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 49.7k $566.7k | Reduced -3.7k |
| Cerity Partners LLC 0.00% of their portfolio | 49.5k $564.8k | Reduced -6.8k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 48.2k $549.9k | Reduced -5.2k |
| Composition Wealth, LLC 0.01% of their portfolio | 47.8k $545.2k | Unchanged |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 45.9k $455.0k | Added +80 |
| INCEPTIONR LLC 0.13% of their portfolio | 44.7k $509.6k | New |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 44.1k $502.8k | New |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 42.8k $487.9k | Added +2 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 42.6k $486.4k | Reduced -236 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 40.7k $464.8k | Added +2.4k |
| Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio | 40.7k $464.1k | Added +25.9k |
| Capital Square, LLC 0.33% of their portfolio | 40.6k $463.0k | Added +1.4k |
| SHERBROOKE PARK ADVISERS LLC 0.08% of their portfolio | 37.2k $424.1k | New |
| America First Investment Advisors, LLC 0.09% of their portfolio | 32.5k $370.8k | Unchanged |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 31.6k $360.8k | Reduced -52.9k |
| Inspire Investing, LLC 0.04% of their portfolio | 31.5k $359.3k | Reduced -2.5k |
| Global Retirement Partners, LLC 0.01% of their portfolio | 30.7k $349.8k | Added +2.0k |
| ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio | 28.0k $319.6k | Reduced -482 |
| Handelsbanken Fonder AB 0.00% of their portfolio | 23.8k $272.0k | Unchanged |
| HighTower Advisors, LLC 0.00% of their portfolio | 22.3k $254.0k | Reduced -6.7k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 22.2k $253.3k | New |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 20.2k $230.0k | Unchanged |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 19.1k $217.7k | Added +18.7k |
| ProShare Advisors LLC 0.00% of their portfolio | 18.4k $209.9k | Added +1.4k |
| STRS OHIO 0.00% of their portfolio | 18.3k $208.0k | Reduced -3.5k |