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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
PAG
51
Private Advisor Group
New Jersey
$118K +$133K +10,026 New
Osaic Holdings
52
Osaic Holdings
Arizona
$88.3K +$31K +2,326 +45%
CSPIA
53
Cary Street Partners Investment Advisory
Virginia
$14.7K – – –
NS
54
NBC Securities
Alabama
$8K +$10.1K +762 New
FWM
55
Focused Wealth Management
New York
$5.89K +$6.66K +500 New
WOSD
56
WFA of San Diego
California
$4.12K – – –
AA
57
Ancora Advisors
Ohio
$883 – – –
WP
58
Woodline Partners
California
– -$1.1M -80,109 Closed
HighTower Advisors
59
HighTower Advisors
Illinois
– -$752K -55,025 Closed
SCA
60
Snowden Capital Advisors
New York
– -$240K -17,500 Closed
AA
61
AQR Arbitrage
Connecticut
– -$228K -16,637 Closed
WAM
62
Wolverine Asset Management
Illinois
– -$181K -13,205 Closed
Bessemer Group
63
Bessemer Group
New Jersey
– -$16K -1,189 Closed
Carson Wealth (CWM LLC)
64
Carson Wealth (CWM LLC)
Nebraska
– -$3K -197 Closed
EWA
65
EverSource Wealth Advisors
Alabama
– -$644 -47 Closed
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.