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 ($980.3k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $9.60. Options: 7 managers hold calls ($6.6m notional), 8 hold puts ($6.9m).
Trends to Q1 2026
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 |
| Q2 2024 | 169 |
| Q3 2024 | 187 |
| Q4 2024 | 190 |
| Q1 2025 | 193 |
| Q2 2025 | 189 |
| Q3 2025 | 207 |
| Q4 2025 | 209 |
| Q1 2026 | 220 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 88 | 66 |
| Q3 2024 | 101 | 62 |
| Q4 2024 | 96 | 78 |
| Q1 2025 | 101 | 79 |
| Q2 2025 | 99 | 85 |
| Q3 2025 | 119 | 75 |
| Q4 2025 | 102 | 96 |
| Q1 2026 | 109 | 82 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $4.7m | $14.4m | 3.10 |
| Q3 2025 | $7.1m | $12.8m | 1.80 |
| Q4 2025 | $9.6m | $11.5m | 1.19 |
| Q1 2026 | $6.6m | $6.9m | 1.05 |
Biggest buyers
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | Added | +712.9k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +551.9k |
| ALGERT GLOBAL LLC | New | +323.6k |
| Connor, Clark & Lunn Investment Management Ltd. | New | +250.3k |
| Verition Fund Management LLC | New | +230.9k |
| Engineers Gate Manager LP | Added | +228.6k |
| MARINER INVESTMENT GROUP LLC | New | +210.0k |
| PICTON MAHONEY ASSET MANAGEMENT | New | +183.3k |
| UBS Group AG | Added | +108.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +108.7k |
Biggest sellers
| MILLENNIUM MANAGEMENT LLC | Reduced | -742.4k |
| CITADEL ADVISORS LLC | Reduced | -441.2k |
| JANE STREET GROUP, LLC | Reduced | -409.9k |
| MORGAN STANLEY | Reduced | -255.2k |
| BAYVIEW ASSET MANAGEMENT, LLC | Sold out | -252.5k |
| GRATIA CAPITAL, LLC | Sold out | -225.5k |
| BlackRock, Inc. | Reduced | -216.8k |
| Corient Private Wealth LP | Reduced | -215.5k |
| Y-Intercept (Hong Kong) Ltd | Reduced | -200.7k |
| Allianz Asset Management GmbH | Reduced | -174.9k |
Biggest calls
| Centiva Capital, LP | Reduced | $2.4m254.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.6m169.8k shares |
| CITADEL ADVISORS LLC | Added | $1.3m135.3k shares |
| JANE STREET GROUP, LLC | Reduced | $422.5k44.1k shares |
| IMC-Chicago, LLC | New | $299.9k31.3k shares |
| SIMPLEX TRADING, LLC | Added | $275.9k28.8k shares |
| GROUP ONE TRADING LLC | Added | $192.6k20.1k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.3m239.4k shares |
| SIMPLEX TRADING, LLC | Added | $1.6m169.7k shares |
| JANE STREET GROUP, LLC | Added | $1.1m116.9k shares |
| Caption Management, LLC | Reduced | $958.0k100.0k shares |
| CITADEL ADVISORS LLC | Reduced | $502.0k52.4k shares |
| IMC-Chicago, LLC | Added | $317.1k33.1k shares |
| GROUP ONE TRADING LLC | Reduced | $21.1k2.2k shares |
| SUMMIT SECURITIES GROUP LLC | New | $17.2k1.8k 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 2026
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 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 1 | $28.0k | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 9.2m $88.0m | Reduced -216.8k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 4.6m $44.3m | First filing |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 4.5m $43.5m | First filing |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.6m $24.7m | Added +78.3k |
| STATE STREET CORP 0.00% of their portfolio | 2.4m $24.1m | Added +52.5k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.03% of their portfolio | 2.1m $20.3m | Added +712.9k |
| Invesco Ltd. 0.00% of their portfolio | 1.6m $15.8m | Added +40.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.6m $15.0m | Added +108.7k |
| WOLVERINE ASSET MANAGEMENT LLC 0.23% of their portfolio | 1.5m $14.7m | Reduced -119.8k |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 1.2m $11.3m | Added +32.3k |
| FMR LLC 0.00% of their portfolio | 1.2m $11.2m | Added +882 |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 1.1m $10.7m | Reduced -113.4k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.0m $9.7m | Added +23.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 947.7k $9.1m | Added +46.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 777.0k $7.4m | Added +551.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 720.5k $6.9m | Reduced -40.5k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 660.4k $6.3m | First filing |
| EMG Holdings, L.P. 8.98% of their portfolio | 638.5k $6.1m | Reduced -81.0k |
| LSV ASSET MANAGEMENT 0.01% of their portfolio | 580.2k $5.6m | Reduced -19.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 560.5k $5.4m | Reduced -158.5k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 534.0k $5.1m | Reduced -2.4k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 505.5k $4.8m | Reduced -174.9k |
| LPL Financial LLC 0.00% of their portfolio | 384.7k $3.7m | Added +11.4k |
| CITIGROUP INC 0.00% of their portfolio | 380.1k $3.6m | Added +15.0k |
| ALGERT GLOBAL LLC 0.05% of their portfolio | 323.6k $3.1m | New |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 291.1k $2.8m | Reduced -742.4k |
| Engineers Gate Manager LP 0.03% of their portfolio | 287.4k $2.8m | Added +228.6k |
| MORGAN STANLEY 0.00% of their portfolio | 276.1k $2.6m | Reduced -255.2k |
| Nuveen, LLC 0.00% of their portfolio | 261.2k $2.5m | Added +2.1k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 250.3k $2.4m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 240.1k $2.3m | Added +12.8k |
| Independent Advisor Alliance 0.02% of their portfolio | 236.4k $2.3m | Added +11.1k |
| Verition Fund Management LLC 0.02% of their portfolio | 230.9k $2.2m | New |
| UBS Group AG 0.00% of their portfolio | 230.9k $2.2m | Added +108.9k |
| MARINER INVESTMENT GROUP LLC 0.61% of their portfolio | 210.0k $2.0m | New |
| Simplify Asset Management Inc. 0.03% of their portfolio | 209.0k $2.0m | Added +6.5k |
| IEQ CAPITAL, LLC 0.01% of their portfolio | 208.6k $2.0m | Reduced -6.4k |
| Swiss National Bank 0.00% of their portfolio | 202.4k $1.9m | Unchanged |
| PICTON MAHONEY ASSET MANAGEMENT 0.02% of their portfolio | 183.3k $1.8m | New |
| CAXTON ASSOCIATES LLP 0.04% of their portfolio | 169.6k $1.6m | Reduced -26.4k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 166.1k $1.6m | Added +7.0k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 161.1k $1.5m | Reduced -130.4k |
| CWM, LLC 0.00% of their portfolio | 156.9k $1.5m | Added +14.8k |
| Penserra Capital Management LLC 0.02% of their portfolio | 154.2k $1.5m | Added +4.1k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 142.3k $1.4m | Added +39.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 141.3k $1.4m | Added +9.5k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 133.5k $1.3m | Reduced -2.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 133.0k $1.3m | Added +15.1k |
| Almitas Capital LLC 0.28% of their portfolio | 128.1k $1.2m | Unchanged |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 124.4k $1.2m | Added +13.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 118.2k $1.1m | Added +14.2k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 114.9k $1.1m | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 109.3k $1.0m | Reduced -16.3k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 109.0k $1.0m | Reduced -159.2k |
| Corient Private Wealth LP 0.00% of their portfolio | 107.8k $1.0m | Reduced -215.5k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.01% of their portfolio | 106.3k $1.0m | Added +3.2k |
| TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio | 105.8k $1.0m | Reduced -165.1k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 102.0k $976.9k | Reduced -465 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 98.1k $939.3k | Added +17.5k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 97.6k $935.0k | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 96.2k $922.0k | Added +11.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 93.5k $895.3k | Reduced -768 |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 89.4k $856.8k | Reduced -441.2k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 84.5k $809.3k | Reduced -75.8k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 84.3k $807.7k | Unchanged |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 75.7k $725.2k | Added +4.9k |
| JENNISON ASSOCIATES LLC 0.00% of their portfolio | 74.9k $717.8k | Added +2.1k |
| Curi Capital, LLC 0.01% of their portfolio | 73.8k $707.1k | Unchanged |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 73.5k $703.9k | Reduced -214 |
| Y-Intercept (Hong Kong) Ltd 0.01% of their portfolio | 71.7k $687.0k | Reduced -200.7k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 64.2k $615.0k | First filing |
| XTX Topco Ltd 0.01% of their portfolio | 64.1k $614.5k | Reduced -36.6k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.00% of their portfolio | 63.8k $610.8k | Added +48.9k |
| Caption Management, LLC 0.03% of their portfolio | 58.8k $563.3k | Unchanged |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 57.6k $552.2k | Reduced -409.9k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 56.6k $541.9k | Added +6.8k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 55.9k $535.4k | Reduced -28.8k |
| Inspire Investing, LLC 0.03% of their portfolio | 53.9k $516.4k | Added +3.6k |
| SIMPLEX TRADING, LLC 0.02% of their portfolio | 53.6k $513.7k | Reduced -50.5k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 52.5k $503.3k | Added +2.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 50.5k $484.0k | Added +371 |
| SG Americas Securities, LLC 0.00% of their portfolio | 48.8k $468.0k | Added +38 |
| Quantinno Capital Management LP 0.00% of their portfolio | 48.4k $463.6k | Added +8.1k |
| Mariner, LLC 0.00% of their portfolio | 48.3k $463.0k | Added +3.5k |
| Composition Wealth, LLC 0.01% of their portfolio | 47.8k $458.1k | Unchanged |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 45.8k $438.6k | Unchanged |
| Miller Global Investments, LLC 0.40% of their portfolio | 45.6k $437.0k | Added +274 |
| QRG CAPITAL MANAGEMENT, INC. 0.00% of their portfolio | 45.2k $432.9k | New |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 44.3k $424.1k | Added +3.4k |
| Vestcor Inc 0.01% of their portfolio | 42.6k $408.0k | New |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 42.3k $410.6k | Added +4.3k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 42.3k $405.4k | Unchanged |
| Capital Square, LLC 0.20% of their portfolio | 42.3k $431.8k | Reduced -328 |
| Graham Capital Management, L.P. 0.01% of their portfolio | 40.1k $384.3k | Added +16.5k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 39.8k $380.9k | First filing |
| America First Investment Advisors, LLC 0.07% of their portfolio | 39.7k $380.6k | Reduced -63.5k |
| Advisors Asset Management, Inc. 0.01% of their portfolio | 37.9k $363.4k | Reduced -35 |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.00% of their portfolio | 37.5k $359.5k | Unchanged |
| EntryPoint Capital, LLC 0.10% of their portfolio | 35.3k $337.8k | Unchanged |
| INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 34.5k $330.8k | Reduced -18.7k |