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MEGI

MainStay CBRE Global Infrastructure Megatrends Term Fund
MEGI

58 hedge funds and large institutions have $218M invested in MainStay CBRE Global Infrastructure Megatrends Term Fund in 2024 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 25 increasing their positions, 13 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

92% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 13

5% less funds holding

Funds holding: 61 → 58 (-3)

7.45% less ownership

Funds ownership: 40.84% → 33.39% (-7.4%)

19% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 16

21% less capital invested

Capital invested by funds: $276M → $218M (-$57.5M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
58
Holders Change
-3
Holders Change %
-4.92%
% of All Funds
0.83%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
13
Increased
25
Reduced
13
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RJA
Raymond James & Associates
Florida
+$2.9M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.75M
3
PCM
Penserra Capital Management
California
+$1.67M
4
SCM
Saba Capital Management
New York
+$1.37M
5
AIA
Absolute Investment Advisers
Florida
+$1.07M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$49.7M
2
COLIM
City of London Investment Management
United Kingdom
-$3.42M
3
CCP
Clough Capital Partners
Massachusetts
-$1.3M
4
Wells Fargo
Wells Fargo
California
-$1.11M
5
1CP
1607 Capital Partners
Virginia
-$1M
Name Holding Trade Value Shares
Change 		Change in
Stake
SPIA
26
Steward Partners Investment Advisory
New York
$730K +$281K +21,985 +61%
QL
27
Quarry LP
New York
$631K +$249K +19,489 +63%
QC
28
Quantedge Capital
Singapore
$630K -$940K -73,505 -59%
US Bancorp
29
US Bancorp
Minnesota
$618K +$628K +49,150 New
OC
30
Oppenheimer & Co
New York
$453K -$155K -12,097 -25%
WS
31
Wedbush Securities
California
$427K -$7.03K -550 -2%
RJT
32
Raymond James Trust
Florida
$406K +$71.2K +5,571 +21%
LPL Financial
33
LPL Financial
California
$369K +$160K +12,524 +74%
Cerity Partners
34
Cerity Partners
New York
$365K +$19.2K +1,500 +5%
Corient Private Wealth
35
Corient Private Wealth
Florida
$321K +$343K +26,828 New
DWM
36
Dakota Wealth Management
Florida
$306K -$29.5K -2,309 -9%
DWP
37
Daymark Wealth Partners
Ohio
$251K – – –
CA
38
Claro Advisors
Massachusetts
$239K -$401K -31,399 -62%
FFN
39
Focus Financial Network
Minnesota
$234K +$52.7K +4,123 +26%
Mariner
40
Mariner
Kansas
$210K +$844 +66 +0.4%
Cambridge Investment Research Advisors
41
Cambridge Investment Research Advisors
Iowa
$195K – – –
CIA
42
Capital Investment Advisors
Georgia
$185K +$32K +2,500 +20%
QC
43
Quadrature Capital
United Kingdom
$175K -$789K -61,720 -82%
PIN
44
Prudent Investors Network
California
$160K +$163K +12,719 New
PAS
45
Park Avenue Securities
New York
$146K +$148K +11,586 New
SFG
46
Sovereign Financial Group
Connecticut
$133K – – –
PNC Financial Services Group
47
PNC Financial Services Group
Pennsylvania
$130K – – –
CA
48
Crewe Advisors
Utah
$109K +$111K +8,700 New
Osaic Holdings
49
Osaic Holdings
Arizona
$78.8K -$7.95K -622 -9%
Comerica Bank
50
Comerica Bank
Texas
$44.6K -$1.87K -146 -4%
1
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MEGI Hedge Fund Activity: Q1 2024 in Review

58 of the 6,948 institutional investors tracked by Wall St. Rank reported a position in MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) for Q1 2024, worth a combined $218M — down 21% from $276M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of MEGI and 13 opened new positions — a net loss of 3 holders — while 13 trimmed existing stakes and 25 added.

The largest buyer was Raymond James & Associates, adding an estimated $2.9M. The largest seller was Morgan Stanley, cutting an estimated $49.7M.

  • 58 institutional investors held MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) as of Q1 2024, down from 61 in Q4 2023.
  • Funds reported $218M of MainStay CBRE Global Infrastructure Megatrends Term Fund stock for Q1 2024, down 21% quarter-over-quarter.
  • 13 funds opened new MainStay CBRE Global Infrastructure Megatrends Term Fund positions in Q1 2024 and 16 closed out, a net change of -3 holders.
  • The largest MainStay CBRE Global Infrastructure Megatrends Term Fund buyer in Q1 2024 was Raymond James & Associates, an estimated $2.9M added.
  • The largest MainStay CBRE Global Infrastructure Megatrends Term Fund seller in Q1 2024 was Morgan Stanley, an estimated $49.7M sold.

Based on aggregated 13F filings for Q1 2024.