Vault-13

MFA FINL INC MFA 6.25 06.15.24

NOTE 6.250% 6/1 · US DOMESTIC · CUSIP 55272XAA0

24 institutional holders -3 vs Q4 2022
347,000347.0k shares reported held*
$136.9mreported value*
2 new 5 added 3 reduced 4 sold out net bought ≈ $46.0m (+300.0k shares)

* 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. Holder counts are more reliable. Implied quarter-end price ≈ $394.60.

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 29Q4 22: 27Q1 23: 2424Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202229
Q4 202227
Q1 202324

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
10010Q4 22: 6 bought or addedQ4 22: 9 cut or sold outQ4 22Q1 23: 7 bought or addedQ1 23: 7 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 202269
Q1 202377

Biggest buyers

HBK INVESTMENTS L P New +39,230,000+39.2m
FMR LLC Added +9,985,000+10.0m
Linden Advisors LP Added +5,250,000+5.2m
OAKTREE CAPITAL MANAGEMENT LP Added +4,652,000+4.7m
Russell Investments Group, Ltd. Added +1,381,000+1.4m
AlphaCentric Advisors LLC New +315,000+315.0k
BARCLAYS PLC Added +18,000+18.0k

Biggest sellers

Beach Point Capital Management LP Sold out -10,683,000-10.7m
Centiva Capital, LP Sold out -1,500,000-1.5m
L & S Advisors Inc Reduced -105,000-105.0k
True North Advisors, LLC Sold out -54,000-54.0k
ROYAL BANK OF CANADA Sold out -40,000-40.0k
Advisors Capital Management, LLC Reduced -15,000-15.0k
MORGAN STANLEY Reduced -1,000-1.0k

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 HBK INVESTMENTS L P 1.32% of their portfolio DALLAS, TX 39,230,00039.2m $36.3m $36.3m 1.32% New
2 Linden Advisors LP 0.28% of their portfolio New York, NY 28,539,00028.5m $26.9m $26.9m 0.28% Added +5.2m +5,250,000
3 FMR LLC 0.00% of their portfolio BOSTON, MA 19,970,00020.0m $19.0m $19.0m 0.00% Added +10.0m +9,985,000
4 BARINGS LLC 0.49% of their portfolio CHARLOTTE, NC 15,000,00015.0m $14.2m $14.2m 0.49% Unchanged
5 OAKTREE CAPITAL MANAGEMENT LP 0.15% of their portfolio LOS ANGELES, CA 13,834,00013.8m $13.3m $13.3m 0.15% Added +4.7m +4,652,000
6 AMERICAN FINANCIAL GROUP INC 3.79% of their portfolio CINCINNATI, OH 12,969,00013.0m $12.2m $12.2m 3.79% Unchanged
7 SSI INVESTMENT MANAGEMENT LLC 0.42% of their portfolio Los Angeles, CA 6,250,0006.2m $5.9m $5.9m 0.42% Unchanged
8 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 3,495,0003.5m $3.3m $3.3m 0.01% Added +1.4m +1,381,000
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,558,0002.6m $2.4m $2.4m 0.00% Unchanged
10 Almitas Capital LLC 0.80% of their portfolio SANTA MONICA, CA 1,767,0001.8m $1.7m $1.7m 0.80% Unchanged
11 L & S Advisors Inc 0.11% of their portfolio Los Angeles, CA 830,000830.0k $781.8k $781.8k 0.11% Reduced -105.0k -105,000
12 AlphaCentric Advisors LLC 0.21% of their portfolio SAN JUAN, PR 315,000315.0k $302.5k $302.5k 0.21% New
13 AXXCESS WEALTH MANAGEMENT, LLC 0.02% of their portfolio CARLSBAD, CA 250,000250.0k $235.5k $235.5k 0.02% Unchanged
14 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 110,000110.0k $104.5k $104.5k 0.00% Unchanged
15 Regal Investment Advisors LLC 0.01% of their portfolio KENTWOOD, MI 90,00090.0k $87.2k $87.2k 0.01% Unchanged
16 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 71,00071.0k $67.2k $67.2k 0.00% Added +18.0k +18,000
17 Obermeyer Wealth Partners 0.00% of their portfolio ASPEN, CO 55,00055.0k $51.8k $51.8k 0.00% Unchanged
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 34,00034.0k $32.3k $32.3k 0.00% Reduced -1.0k -1,000
19 UMB Bank, n.a. 0.00% of their portfolio Kansas City, MO 25,00025.0k $23.8k $23.8k 0.00% Unchanged
20 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 20,00020.0k $19.0k $19.0k 0.01% Unchanged
21 Advisors Capital Management, LLC 0.00% of their portfolio RIDGEWOOD, NJ 15,00015.0k $14.0k $14.0k 0.00% Reduced -15.0k -15,000
22 Mayflower Financial Advisors, LLC 0.00% of their portfolio BOSTON, MA 13,00013.0k $12.4k $12.4k 0.00% Unchanged
23 HM PAYSON & CO 0.00% of their portfolio PORTLAND, ME 4,0004.0k $3.9k $3.9k 0.00% Unchanged
24 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged