MainStay CBRE Global Infrastructure Megatrends Term Fund
MEGI
52 hedge funds and large institutions have $214M invested in MainStay CBRE Global Infrastructure Megatrends Term Fund in 2023 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 28 increasing their positions, 11 reducing their positions, and 5 closing their positions.
155% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 11
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
14% more capital invested
Capital invested by funds: $189M → $214M (+$25.5M)
4% more funds holding
Funds holding: 50 → 52 (+2)
2.6% more ownership
Funds ownership: 27.63% → 30.24% (+2.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$10.1M |
| 2 |
SCM
Saba Capital Management
New York
|
+$8.51M |
| 3 |
WP
Woodline Partners
San Francisco,
California
|
+$3.25M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$808K |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$782K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$3.81M |
| 2 |
AC
Almitas Capital
Santa Monica,
California
|
-$1.49M |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$1.18M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$832K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$510K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Commonwealth Equity Services
Waltham,
Massachusetts
| $539 | +$281K | +19,438 | +105% |
|
52
Fidelity Investments
Boston,
Massachusetts
| $14 | +$14 | +1 | New |
|
|
RCM
53
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$832K | -60,951 | Closed |
|
54
HighTower Advisors
Chicago,
Illinois
| – | -$476K | -34,689 | Closed |
|
55
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$140K | -10,270 | Closed |
|
|
IA
56
IFP Advisors
Tampa,
Florida
| – | -$18K | -895 | Closed |
|
57
Bessemer Group
Woodbridge,
New Jersey
| – | -$10K | -698 | Closed |
|
MEGI Hedge Fund Activity: Q1 2023 in Review
52 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) for Q1 2023, worth a combined $214M — up 14% from $189M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new MEGI positions and 5 closed out — a net gain of 2 holders — while 28 added to existing stakes and 11 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $10.1M. The largest seller was Wolverine Asset Management, cutting an estimated $3.81M.
- 52 institutional investors held MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) as of Q1 2023, up from 50 in Q4 2022.
- Funds reported $214M of MainStay CBRE Global Infrastructure Megatrends Term Fund stock for Q1 2023, up 14% quarter-over-quarter.
- 7 funds opened new MainStay CBRE Global Infrastructure Megatrends Term Fund positions in Q1 2023 and 5 closed out, a net change of +2 holders.
- The largest MainStay CBRE Global Infrastructure Megatrends Term Fund buyer in Q1 2023 was Morgan Stanley, an estimated $10.1M added.
- The largest MainStay CBRE Global Infrastructure Megatrends Term Fund seller in Q1 2023 was Wolverine Asset Management, an estimated $3.81M sold.
Based on aggregated 13F filings for Q1 2023.