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MEGI

MainStay CBRE Global Infrastructure Megatrends Term Fund
MEGI

50 hedge funds and large institutions have $189M invested in MainStay CBRE Global Infrastructure Megatrends Term Fund in 2022 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 24 increasing their positions, 8 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 8

70% more capital invested

Capital invested by funds: $111M → $189M (+$78M)

60% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 10

9.74% more ownership

Funds ownership: 17.89% → 27.63% (+9.7%)

9% more funds holding

Funds holding: 46 → 50 (+4)

Holders
50
Holders Change
+4
Holders Change %
+8.7%
% of All Funds
0.8%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
16
Increased
24
Reduced
8
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$29.3M
2
KIM
Karpus Investment Management
New York
+$8.47M
3
Morgan Stanley
Morgan Stanley
New York
+$8.23M
4
LSC
Logan Stone Capital
Illinois
+$5.69M
5
CCP
Clough Capital Partners
Massachusetts
+$5.57M

Top Sellers

Rank Fund Capital Flow
1
Rockefeller Capital Management
Rockefeller Capital Management
New York
-$8.15M
2
KCPG
Kavar Capital Partners Group
Kansas
-$668K
3
PFO
Pathstone Family Office
New Jersey
-$654K
4
Wells Fargo
Wells Fargo
California
-$506K
5
SFS
Shaker Financial Services
Virginia
-$265K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$41.3M +$8.23M +612,611 +25%
SCM
2
Saba Capital Management
New York
$33.2M +$29.3M +2,179,282 +867%
KIM
3
Karpus Investment Management
New York
$24.8M +$8.47M +630,531 +53%
RJA
4
Raymond James & Associates
Florida
$8.69M +$655K +48,767 +8%
Bank of America
5
Bank of America
North Carolina
$8.63M +$4.17M +310,205 +96%
PCM
6
Penserra Capital Management
California
$8.3M +$734K +54,616 +10%
LSC
7
Logan Stone Capital
Illinois
$5.78M +$5.69M +423,661 New
CCP
8
Clough Capital Partners
Massachusetts
$5.66M +$5.57M +414,558 New
Wells Fargo
9
Wells Fargo
California
$4.92M -$506K -37,654 -9%
COLIM
10
City of London Investment Management
United Kingdom
$4.87M +$219K +16,318 +5%
WAM
11
Wolverine Asset Management
Illinois
$4.36M +$1.53M +113,844 +55%
Royal Bank of Canada
12
Royal Bank of Canada
Ontario, Canada
$3.71M +$1.21M +90,165 +50%
1CP
13
1607 Capital Partners
Virginia
$3.29M +$116K +8,600 +4%
SPIA
14
Steward Partners Investment Advisory
New York
$2.4M +$209K +15,543 +10%
CA
15
Corrado Advisors
New Jersey
$2.3M +$69.2K +5,148 +3%
Cohen & Steers
16
Cohen & Steers
New York
$2M +$122K +9,087 +7%
QC
17
Quantedge Capital
Singapore
$1.99M +$1.96M +146,035 New
Stifel Financial
18
Stifel Financial
Missouri
$1.74M -$202K -15,021 -11%
AC
19
Almitas Capital
California
$1.73M +$1.7M +126,849 New
IFG
20
Independent Financial Group
California
$1.57M -$8.96K -667 -0.6%
UBS Group
21
UBS Group
Switzerland
$1.49M -$161K -12,021 -10%
Rockefeller Capital Management
22
Rockefeller Capital Management
New York
$1.46M -$8.15M -606,862 -85%
WAM
23
Weiss Asset Management
Massachusetts
$1.4M +$1.38M +102,816 New
AAM
24
Advisors Asset Management
Colorado
$1.25M +$360K +26,801 +41%
AW
25
Atlas Wealth
Ohio
$1.21M +$1.19M +88,926 New
1
2 3

MEGI Hedge Fund Activity: Q4 2022 in Review

50 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) for Q4 2022, worth a combined $189M — up 70% from $111M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new MEGI positions and 10 closed out — a net gain of 6 holders — while 24 added to existing stakes and 8 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $29.3M. The largest seller was Rockefeller Capital Management, cutting an estimated $8.15M.

  • 50 institutional investors held MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) as of Q4 2022, up from 46 in Q3 2022.
  • Funds reported $189M of MainStay CBRE Global Infrastructure Megatrends Term Fund stock for Q4 2022, up 70% quarter-over-quarter.
  • 16 funds opened new MainStay CBRE Global Infrastructure Megatrends Term Fund positions in Q4 2022 and 10 closed out, a net change of +6 holders.
  • The largest MainStay CBRE Global Infrastructure Megatrends Term Fund buyer in Q4 2022 was Saba Capital Management, an estimated $29.3M added.
  • The largest MainStay CBRE Global Infrastructure Megatrends Term Fund seller in Q4 2022 was Rockefeller Capital Management, an estimated $8.15M sold.

Based on aggregated 13F filings for Q4 2022.