MainStay CBRE Global Infrastructure Megatrends Term Fund
MEGI
53 hedge funds and large institutions have $220M invested in MainStay CBRE Global Infrastructure Megatrends Term Fund in 2023 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 20 increasing their positions, 17 reducing their positions, and 6 closing their positions.
33% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 6
18% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 17
2% more funds holding
Funds holding: 52 → 53 (+1)
1.92% more ownership
Funds ownership: 30.24% → 32.15% (+1.9%)
3% more capital invested
Capital invested by funds: $214M → $220M (+$6.15M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$11.7M |
| 2 |
Morgan Stanley
New York
|
+$5.1M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$777K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$681K |
| 5 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
+$576K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SPIA
Steward Partners Investment Advisory
New York
|
-$2.73M |
| 2 |
WP
Woodline Partners
San Francisco,
California
|
-$2.05M |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$628K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$603K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$380K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $3K | +$2.78K | +197 | New |
|
|
AA
52
Ancora Advisors
Cleveland,
Ohio
| $1.03K | – | – | – |
|
|
EWA
53
EverSource Wealth Advisors
Birmingham,
Alabama
| $644 | – | – | – |
|
|
AC
54
Almitas Capital
Santa Monica,
California
| – | -$340K | -23,972 | Closed |
|
|
WAM
55
Weiss Asset Management
Boston,
Massachusetts
| – | -$302K | -21,251 | Closed |
|
56
Walleye Capital
New York
| – | -$204K | -14,376 | Closed |
|
|
MCI
57
MRP Capital Investments
Alpharetta,
Georgia
| – | -$177K | -12,495 | Closed |
|
|
BWA
58
BDO Wealth Advisors
Jacksonville,
Florida
| – | -$13.4K | -946 | Closed |
|
59
Fidelity Investments
Boston,
Massachusetts
| – | -$14 | -1 | Closed |
|
MEGI Hedge Fund Activity: Q2 2023 in Review
53 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) for Q2 2023, worth a combined $220M — up 2.9% from $214M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new MEGI positions and 6 closed out — a net gain of 2 holders — while 20 added to existing stakes and 17 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $11.7M. The largest seller was Steward Partners Investment Advisory, cutting an estimated $2.73M.
- 53 institutional investors held MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) as of Q2 2023, up from 52 in Q1 2023.
- Funds reported $220M of MainStay CBRE Global Infrastructure Megatrends Term Fund stock for Q2 2023, up 2.9% quarter-over-quarter.
- 8 funds opened new MainStay CBRE Global Infrastructure Megatrends Term Fund positions in Q2 2023 and 6 closed out, a net change of +2 holders.
- The largest MainStay CBRE Global Infrastructure Megatrends Term Fund buyer in Q2 2023 was Saba Capital Management, an estimated $11.7M added.
- The largest MainStay CBRE Global Infrastructure Megatrends Term Fund seller in Q2 2023 was Steward Partners Investment Advisory, an estimated $2.73M sold.
Based on aggregated 13F filings for Q2 2023.