MainStay CBRE Global Infrastructure Megatrends Term Fund
MEGI
46 hedge funds and large institutions have $111M invested in MainStay CBRE Global Infrastructure Megatrends Term Fund in 2022 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 25 increasing their positions, 8 reducing their positions, and 6 closing their positions.
213% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 8
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
7% more funds holding
Funds holding: 43 → 46 (+3)
3.38% more ownership
Funds ownership: 14.51% → 17.89% (+3.4%)
4% less capital invested
Capital invested by funds: $115M → $111M (-$4.66M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$8.14M |
| 2 |
Morgan Stanley
New York
|
+$7.91M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$4.32M |
| 4 |
SCM
Saba Capital Management
New York
|
+$3.96M |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
-$2.84M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.26M |
| 3 |
PCM
Penserra Capital Management
Orinda,
California
|
-$1.24M |
| 4 |
Walleye Capital
New York
|
-$893K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$594K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$20K | -1,252 | Closed |
|
52
Bessemer Group
Woodbridge,
New Jersey
| – | -$9K | -549 | Closed |
|
MEGI Hedge Fund Activity: Q3 2022 in Review
46 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) for Q3 2022, worth a combined $111M — down 4% from $115M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new MEGI positions and 6 closed out — a net gain of 4 holders — while 25 added to existing stakes and 8 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $8.14M. The largest seller was Mangrove Partners, exiting entirely with an estimated $2.84M sold.
- 46 institutional investors held MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) as of Q3 2022, up from 43 in Q2 2022.
- Funds reported $111M of MainStay CBRE Global Infrastructure Megatrends Term Fund stock for Q3 2022, down 4% quarter-over-quarter.
- 10 funds opened new MainStay CBRE Global Infrastructure Megatrends Term Fund positions in Q3 2022 and 6 closed out, a net change of +4 holders.
- The largest MainStay CBRE Global Infrastructure Megatrends Term Fund buyer in Q3 2022 was Karpus Investment Management, an estimated $8.14M added.
- The largest MainStay CBRE Global Infrastructure Megatrends Term Fund seller in Q3 2022 was Mangrove Partners, an estimated $2.84M sold.
Based on aggregated 13F filings for Q3 2022.