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 ($497.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $9.71. Options: 5 managers hold calls ($3.9m notional), 5 hold puts ($3.7m).
Trends to Q2 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 |
| Q2 2026 | 212 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2026 | 100 | 85 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $7.1m | $12.8m | 1.80 |
| Q4 2025 | $9.6m | $11.5m | 1.19 |
| Q1 2026 | $6.6m | $6.9m | 1.05 |
| Q2 2026 | $3.9m | $3.7m | 0.93 |
Biggest buyers
| FIRST TRUST ADVISORS LP | New | +687.9k |
| BlackRock, Inc. | Added | +271.7k |
| UBS Group AG | Added | +217.2k |
| MORGAN STANLEY | Added | +185.6k |
| CITADEL ADVISORS LLC | Added | +184.8k |
| WOLVERINE ASSET MANAGEMENT LLC | Added | +176.0k |
| GOLDMAN SACHS GROUP INC | Added | +148.5k |
| STATE STREET CORP | Added | +146.0k |
| FMR LLC | Added | +142.5k |
| Invesco Ltd. | Added | +132.1k |
Biggest sellers
| WELLINGTON MANAGEMENT GROUP LLP | Sold out | -720.5k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -670.3k |
| EMG Holdings, L.P. | Reduced | -321.4k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -209.5k |
| PICTON MAHONEY ASSET MANAGEMENT | Reduced | -183.0k |
| Engineers Gate Manager LP | Reduced | -160.8k |
| VAN ECK ASSOCIATES CORP | Reduced | -144.1k |
| Balyasny Asset Management L.P. | Sold out | -142.3k |
| Point72 Asset Management, L.P. | Sold out | -109.0k |
| MARSHALL WACE, LLP | Sold out | -97.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.1m211.8k shares |
| CITADEL ADVISORS LLC | Added | $1.4m146.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $239.3k24.7k shares |
| IMC-Chicago, LLC | Reduced | $162.8k16.8k shares |
| GROUP ONE TRADING LLC | Reduced | $50.4k5.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.3m132.3k shares |
| CITADEL ADVISORS LLC | Added | $1.2m120.3k shares |
| JANE STREET GROUP, LLC | Reduced | $841.1k86.8k shares |
| IMC-Chicago, LLC | Reduced | $299.4k30.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $72.7k7.5k 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 since 1 Apr 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 9.5m $91.7m | Added +271.7k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 4.7m $45.1m | Added +31.4k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 4.5m $43.8m | Reduced -14.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.6m $25.7m | Added +73.4k |
| STATE STREET CORP 0.00% of their portfolio | 2.6m $25.9m | Added +146.0k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.03% of their portfolio | 2.2m $21.2m | Added +72.8k |
| Invesco Ltd. 0.00% of their portfolio | 1.8m $17.3m | Added +132.1k |
| WOLVERINE ASSET MANAGEMENT LLC 0.22% of their portfolio | 1.7m $16.6m | Added +176.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.5m $14.9m | Reduced -28.1k |
| FMR LLC 0.00% of their portfolio | 1.3m $12.7m | Added +142.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.0m $10.2m | Added +101.1k |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 1.0m $10.0m | Reduced -144.1k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 955.2k $9.3m | Reduced -61.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 709.0k $6.9m | Added +148.5k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 687.9k $6.7m | New |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 685.6k $6.6m | Added +25.2k |
| LSV ASSET MANAGEMENT 0.01% of their portfolio | 580.2k $5.6m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 567.5k $5.5m | Reduced -209.5k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 538.0k $5.2m | Added +4.0k |
| CITIGROUP INC 0.00% of their portfolio | 483.8k $4.7m | Added +103.7k |
| MORGAN STANLEY 0.00% of their portfolio | 461.7k $4.5m | Added +185.6k |
| UBS Group AG 0.00% of their portfolio | 448.1k $4.3m | Added +217.2k |
| Allianz Asset Management GmbH 0.00% of their portfolio | 444.9k $4.3m | Reduced -60.6k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 442.7k $4.3m | Reduced -670.3k |
| LPL Financial LLC 0.00% of their portfolio | 402.8k $3.9m | Added +18.2k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 370.4k $3.6m | Added +120.1k |
| EMG Holdings, L.P. 5.12% of their portfolio | 317.1k $3.1m | Reduced -321.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 301.9k $2.9m | Added +61.8k |
| Verition Fund Management LLC 0.02% of their portfolio | 279.3k $2.7m | Added +48.4k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 274.2k $2.7m | Added +184.8k |
| Nuveen, LLC 0.00% of their portfolio | 261.2k $2.5m | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 259.3k $2.5m | Reduced -31.8k |
| ALGERT GLOBAL LLC 0.03% of their portfolio | 244.8k $2.4m | Reduced -78.9k |
| Independent Advisor Alliance 0.05% of their portfolio | 233.1k $2.3m | Reduced -3.3k |
| CAXTON ASSOCIATES LLP 0.04% of their portfolio | 217.4k $2.1m | Added +47.7k |
| TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio | 214.7k $2.1m | Added +108.8k |
| MARINER INVESTMENT GROUP LLC 0.48% of their portfolio | 210.0k $2.0m | Unchanged |
| Swiss National Bank 0.00% of their portfolio | 204.9k $2.0m | Added +2.5k |
| IEQ CAPITAL, LLC 0.01% of their portfolio | 173.0k $1.7m | Reduced -35.6k |
| Corient Private Wealth LP 0.00% of their portfolio | 172.7k $1.7m | Added +64.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 169.0k $1.6m | Added +7.9k |
| Simplify Asset Management Inc. 0.02% of their portfolio | 167.7k $1.6m | Reduced -41.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 158.0k $1.5m | Added +25.1k |
| Penserra Capital Management LLC 0.01% of their portfolio | 153.9k $1.5m | Reduced -332 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 143.7k $1.4m | Added +2.4k |
| Y-Intercept (Hong Kong) Ltd 0.03% of their portfolio | 142.9k $1.4m | Added +71.2k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 142.0k $1.4m | Reduced -24.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 136.5k $1.3m | Added +52.0k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 130.9k $1.3m | Reduced -2.6k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 130.1k $1.3m | Added +5.7k |
| Almitas Capital LLC 0.30% of their portfolio | 128.1k $1.2m | Unchanged |
| Engineers Gate Manager LP 0.02% of their portfolio | 126.5k $1.2m | Reduced -160.8k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.01% of their portfolio | 117.1k $1.1m | Added +10.8k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 116.8k $1.1m | Added +41.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 115.7k $1.1m | Added +22.3k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 114.8k $1.1m | Reduced -100 |
| Legal & General Group Plc 0.00% of their portfolio | 110.0k $1.1m | Added +712 |
| JENNISON ASSOCIATES LLC 0.00% of their portfolio | 108.0k $1.0m | Added +33.1k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 103.3k $1.0m | Added +7.0k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 101.5k $983.2k | Reduced -509 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 95.2k $922.9k | Reduced -23.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 89.4k $866.0k | Reduced -8.7k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 89.1k $863.5k | Added +31.5k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 88.2k $854.3k | Added +3.9k |
| QRG CAPITAL MANAGEMENT, INC. 0.01% of their portfolio | 79.7k $772.5k | Added +34.5k |
| Curi Capital, LLC 0.01% of their portfolio | 73.8k $717.0k | Unchanged |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 73.6k $713.6k | Added +167 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 71.7k $694.9k | Added +19.2k |
| Inspire Investing, LLC 0.03% of their portfolio | 69.7k $675.1k | Added +15.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 65.8k $638.0k | Added +15.3k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 64.2k $622.0k | Unchanged |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 62.6k $607.0k | Added +41.3k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 61.5k $595.9k | Added +4.9k |
| Kestra Advisory Services, LLC 0.00% of their portfolio | 54.2k $524.7k | Added +27.6k |
| Quantinno Capital Management LP 0.00% of their portfolio | 53.0k $513.9k | Added +4.6k |
| XTX Topco Ltd 0.01% of their portfolio | 51.3k $496.8k | Reduced -12.9k |
| Composition Wealth, LLC 0.01% of their portfolio | 47.8k $463.3k | Unchanged |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 46.2k $438.8k | Added +3.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 45.8k $443.7k | Unchanged |
| Miller Global Investments, LLC 0.37% of their portfolio | 45.6k $442.1k | Unchanged |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 43.9k $425.5k | Reduced -354 |
| Jupiter Topco LLC 0.00% of their portfolio | 42.3k $409.6k | First filing |
| Capital Square, LLC 0.17% of their portfolio | 40.4k $384.1k | Reduced -1.9k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 39.8k $385.3k | Unchanged |
| America First Investment Advisors, LLC 0.07% of their portfolio | 39.7k $384.9k | Unchanged |
| Mariner, LLC 0.00% of their portfolio | 38.6k $374.3k | Reduced -9.7k |
| Advisors Asset Management, Inc. 0.01% of their portfolio | 37.9k $367.3k | Reduced -34 |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.00% of their portfolio | 37.5k $363.6k | Unchanged |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.00% of their portfolio | 36.2k $350.4k | Reduced -27.6k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 34.4k $333.1k | Added +19.1k |
| Vident Advisory, LLC 0.00% of their portfolio | 34.0k $329.4k | Added +24.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 33.6k $326.0k | Unchanged |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 32.7k $329.2k | Added +9.6k |
| MML INVESTORS SERVICES, LLC 0.00% of their portfolio | 31.5k $305.5k | Added +19.8k |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 28.4k $275.6k | Unchanged |
| ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio | 28.2k $273.0k | Added +100 |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 27.1k $262.0k | Added +14.6k |
| KINGSWOOD WEALTH ADVISORS, LLC 0.01% of their portfolio | 27.0k $261.6k | Added +3.0k |
| INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 26.4k $255.6k | Reduced -8.2k |
| SG Americas Securities, LLC 0.00% of their portfolio | 25.7k $249.0k | Reduced -23.1k |