MainStay CBRE Global Infrastructure Megatrends Term Fund
MEGI
59 hedge funds and large institutions have $270M invested in MainStay CBRE Global Infrastructure Megatrends Term Fund in 2024 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 18 increasing their positions, 21 reducing their positions, and 8 closing their positions.
17% more capital invested
Capital invested by funds: $231M → $270M (+$38.3M)
0.04% more ownership
Funds ownership: 34.72% → 34.77% (+0.04%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less funds holding
Funds holding: 61 → 59 (-2)
14% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 21
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$3.33M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.58M |
| 3 |
Morgan Stanley
New York
|
+$1.07M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$940K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$525K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
-$3.12M |
| 2 |
AGM
Alpine Global Management
New York
|
-$1.73M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$804K |
| 4 |
QC
Quantedge Capital
Singapore
|
-$446K |
| 5 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
-$409K |
MEGI Hedge Fund Activity: Q3 2024 in Review
59 of the 6,971 institutional investors tracked by Wall St. Rank reported a position in MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) for Q3 2024, worth a combined $270M — up 17% from $231M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of MEGI and 6 opened new positions — a net loss of 2 holders — while 21 trimmed existing stakes and 18 added.
The largest buyer was Penserra Capital Management, adding an estimated $3.33M. The largest seller was Atlas Wealth, exiting entirely with an estimated $3.12M sold.
- 59 institutional investors held MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) as of Q3 2024, down from 61 in Q2 2024.
- Funds reported $270M of MainStay CBRE Global Infrastructure Megatrends Term Fund stock for Q3 2024, up 17% quarter-over-quarter.
- 6 funds opened new MainStay CBRE Global Infrastructure Megatrends Term Fund positions in Q3 2024 and 8 closed out, a net change of -2 holders.
- The largest MainStay CBRE Global Infrastructure Megatrends Term Fund buyer in Q3 2024 was Penserra Capital Management, an estimated $3.33M added.
- The largest MainStay CBRE Global Infrastructure Megatrends Term Fund seller in Q3 2024 was Atlas Wealth, an estimated $3.12M sold.
Based on aggregated 13F filings for Q3 2024.