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MEGI

MainStay CBRE Global Infrastructure Megatrends Term Fund
MEGI

57 hedge funds and large institutions have $196M invested in MainStay CBRE Global Infrastructure Megatrends Term Fund in 2023 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 24 increasing their positions, 14 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 14

50% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 8

8% more funds holding

Funds holding: 53 → 57 (+4)

0.14% less ownership

Funds ownership: 32.15% → 32.02% (-0.14%)

11% less capital invested

Capital invested by funds: $220M → $196M (-$24M)

100% less funds holding in top 10

Funds holding in top 10: 2 → 0 (-2)

Holders
57
Holders Change
+4
Holders Change %
+7.55%
% of All Funds
0.9%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
12
Increased
24
Reduced
14
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$7.87M
2
Wells Fargo
Wells Fargo
California
+$2.3M
3
API
Advisor Partners II
California
+$1.89M
4
PCM
Penserra Capital Management
California
+$1.31M
5
Bank of America
Bank of America
North Carolina
+$1.18M

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$3.48M
2
1CP
1607 Capital Partners
Virginia
-$1.62M
3
QC
Quantedge Capital
Singapore
-$1.17M
4
CCP
Clough Capital Partners
Massachusetts
-$1.12M
5
WP
Woodline Partners
California
-$1.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
26
UBS Group
Switzerland
$704K -$428K -32,124 -35%
Lazard Asset Management
27
Lazard Asset Management
New York
$702K +$794K +59,631 New
OC
28
Oppenheimer & Co
New York
$548K -$11.2K -841 -2%
RJFSA
29
Raymond James Financial Services Advisors
Florida
$541K -$116K -8,691 -16%
DWM
30
Dakota Wealth Management
Florida
$489K – – –
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$481K -$18.4K -1,384 -3%
CA
32
Claro Advisors
Massachusetts
$448K +$7.07K +531 +1%
PNC Financial Services Group
33
PNC Financial Services Group
Pennsylvania
$429K -$159K -11,960 -25%
SPIA
34
Steward Partners Investment Advisory
New York
$405K +$47.4K +3,558 +12%
QL
35
Quarry LP
New York
$365K +$413K +31,000 New
LPL Financial
36
LPL Financial
California
$334K +$46.4K +3,485 +14%
KACA
37
Kayne Anderson Capital Advisors
California
$330K +$373K +28,000 New
WS
38
Wedbush Securities
California
$328K +$3.99K +300 +1%
Cerity Partners
39
Cerity Partners
New York
$325K – – –
BlackRock
40
BlackRock
New York
$295K +$333K +25,000 New
RJT
41
Raymond James Trust
Florida
$262K -$60.9K -4,571 -17%
CAPTRUST Financial Advisors
42
CAPTRUST Financial Advisors
North Carolina
$238K +$160 +12 +0.1%
DWP
43
Daymark Wealth Partners
Ohio
$236K – – –
Mariner
44
Mariner
Kansas
$197K +$13.9K +1,046 +7%
Cambridge Investment Research Advisors
45
Cambridge Investment Research Advisors
Iowa
$183K +$3.42K +257 +2%
FFN
46
Focus Financial Network
Minnesota
$166K +$30.5K +2,289 +19%
Comerica Bank
47
Comerica Bank
Texas
$133K +$150K +11,261 New
PAS
48
Park Avenue Securities
New York
$131K +$148K +11,088 New
CIA
49
Capital Investment Advisors
Georgia
$127K +$143K +10,750 New
JP Morgan Chase
50
JP Morgan Chase
New York
$127K +$143K +10,750 New
1
2
3

MEGI Hedge Fund Activity: Q3 2023 in Review

57 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) for Q3 2023, worth a combined $196M — down 11% from $220M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new MEGI positions and 8 closed out — a net gain of 4 holders — while 24 added to existing stakes and 14 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $7.87M. The largest seller was Karpus Investment Management, cutting an estimated $3.48M.

  • 57 institutional investors held MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) as of Q3 2023, up from 53 in Q2 2023.
  • Funds reported $196M of MainStay CBRE Global Infrastructure Megatrends Term Fund stock for Q3 2023, down 11% quarter-over-quarter.
  • 12 funds opened new MainStay CBRE Global Infrastructure Megatrends Term Fund positions in Q3 2023 and 8 closed out, a net change of +4 holders.
  • The largest MainStay CBRE Global Infrastructure Megatrends Term Fund buyer in Q3 2023 was Saba Capital Management, an estimated $7.87M added.
  • The largest MainStay CBRE Global Infrastructure Megatrends Term Fund seller in Q3 2023 was Karpus Investment Management, an estimated $3.48M sold.

Based on aggregated 13F filings for Q3 2023.