Vault-13

MFA FINL INC MFA 6.25 06.15.24

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

32 institutional holders +1 vs Q3 2023
14,137,00014.1m shares reported held*
$116.7mreported value*
3 new 5 added 5 reduced 3 sold out net sold ≈ $5.9m (-230.0k 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 ≈ $8.25.

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 29Q4 22: 27Q1 23: 24Q2 23: 28Q3 23: 31Q4 23: 3232Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 202229
Q4 202227
Q1 202324
Q2 202328
Q3 202331
Q4 202332

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 22: 6 bought or addedQ4 22: 9 cut or sold outQ4 22Q1 23: 7 bought or addedQ1 23: 7 cut or sold outQ1 23Q2 23: 9 bought or addedQ2 23: 5 cut or sold outQ2 23Q3 23: 13 bought or addedQ3 23: 3 cut or sold outQ3 23Q4 23: 8 bought or addedQ4 23: 8 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 202269
Q1 202377
Q2 202395
Q3 2023133
Q4 202388

Biggest buyers

JPMORGAN CHASE & CO Added +2,558,000+2.6m
PIPER SANDLER & CO. Added +2,028,000+2.0m
Walleye Capital LLC Added +1,763,000+1.8m
MORGAN STANLEY Added +109,000+109.0k
Raymond James Financial Services Advisors, Inc. New +100,000+100.0k
Regal Investment Advisors LLC New +75,000+75.0k
Forum Private Client Group LLC New +10,000+10.0k
OSAIC HOLDINGS, INC. Added +15+15

Biggest sellers

OAKTREE CAPITAL MANAGEMENT LP Reduced -5,592,000-5.6m
Linden Advisors LP Reduced -4,500,000-4.5m
Russell Investments Group, Ltd. Reduced -1,908,000-1.9m
AlphaCentric Advisors LLC Sold out -315,000-315.0k
L & S Advisors Inc Reduced -125,000-125.0k
Regal Investment Advisors LLC Sold out -90,000-90.0k
ROYAL BANK OF CANADA Sold out -76,000-76.0k
ZAZOVE ASSOCIATES LLC Reduced -28,000-28.0k

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 0.25% of their portfolio New York, NY 26,289,00026.3m $26.1m $26.1m 0.25% Reduced -4.5m -4,500,000
2 BARINGS LLC 0.47% of their portfolio CHARLOTTE, NC 15,000,00015.0m $14.7m $14.7m 0.47% Unchanged
3 Ensign Peak Advisors, Inc 0.03% of their portfolio SALT LAKE CITY, UT 14,000,00014.0m $14.1m $14.1m 0.03% Unchanged
4 AMERICAN FINANCIAL GROUP INC 4.72% of their portfolio CINCINNATI, OH 12,969,00013.0m $12.8m $12.8m 4.72% Unchanged
5 OAKTREE CAPITAL MANAGEMENT LP 0.17% of their portfolio LOS ANGELES, CA 11,039,00011.0m $11.1m $11.1m 0.17% Reduced -5.6m -5,592,000
6 FMR LLC 0.00% of their portfolio BOSTON, MA 9,700,0009.7m $9.7m $9.7m 0.00% Unchanged
7 SSI INVESTMENT MANAGEMENT LLC 0.58% of their portfolio Los Angeles, CA 7,750,0007.8m $7.7m $7.7m 0.58% Unchanged
8 Walleye Capital LLC 0.09% of their portfolio NEW YORK, NY 6,059,0006.1m $6.1m $6.1m 0.09% Added +1.8m +1,763,000
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 5,116,0005.1m $5.0m $5.0m 0.00% Added +2.6m +2,558,000
10 PIPER SANDLER & CO. 3.80% of their portfolio MINNEAPOLIS, MN 5,057,0005.1m $5.0m $5.0m 3.80% Added +2.0m +2,028,000
11 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 2,461,0002.5m $2.4m $2.4m 0.00% Reduced -1.9m -1,908,000
12 L & S Advisors Inc 0.06% of their portfolio Los Angeles, CA 470,000470.0k $465.0k $465.0k 0.06% Reduced -125.0k -125,000
13 AXXCESS WEALTH MANAGEMENT, LLC 0.01% of their portfolio CARLSBAD, CA 250,000250.0k $247.3k $247.3k 0.01% Unchanged
14 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 168,000168.0k $166.1k $166.1k 0.00% Added +109.0k +109,000
15 ZAZOVE ASSOCIATES LLC 0.02% of their portfolio INCLINE VILLAGE, NV 162,000162.0k $161.0k $161.0k 0.02% Reduced -28.0k -28,000
16 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 110,000110.0k $109.5k $109.5k 0.00% Unchanged
17 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 100,000100.0k $99.5k $99.5k 0.00% New
18 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 91,00091.0k $90.0k $90.0k 0.00% Unchanged
19 Regal Investment Advisors LLC 0.01% of their portfolio KENTWOOD, MI 75,00075.0k $74.4k $74.4k 0.01% New
20 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 71,00071.0k $69.7k $69.7k 0.00% Unchanged
21 Obermeyer Wealth Partners 0.00% of their portfolio ASPEN, CO 55,00055.0k $54.4k $54.4k 0.00% Unchanged
22 UMB Bank, n.a. 0.00% of their portfolio Kansas City, MO 33,00033.0k $32.8k $32.8k 0.00% Unchanged
23 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 25,00025.0k $24.7k $24.7k 0.00% Unchanged
24 Dakota Wealth Management 0.00% of their portfolio PALM BEACH GARDENS, FL 25,00025.0k $24.9k $24.9k 0.00% Unchanged
25 FIRETHORN WEALTH PARTNERS, LLC 0.01% of their portfolio AUGUSTA, GA 23,00023.0k $22.8k $22.8k 0.01% Unchanged
26 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 20,00020.0k $19.8k $19.8k 0.01% Unchanged
27 Mayflower Financial Advisors, LLC 0.00% of their portfolio BOSTON, MA 13,00013.0k $12.9k $12.9k 0.00% Unchanged
28 Forum Private Client Group LLC 0.01% of their portfolio FISHERS, IN 10,00010.0k $9.9k $9.9k 0.01% New
29 MN Wealth Advisors, LLC 0.01% of their portfolio OVERLAND PARK, KS 10,00010.0k $9.9k $9.9k 0.01% First filing
30 HM PAYSON & CO 0.00% of their portfolio PORTLAND, ME 4,0004.0k $4.0k $4.0k 0.00% Unchanged
31 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 201201 $200.0k $200.0k 0.00% Added +15 +15
32 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged