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MEGI

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
53
Holders Change
+1
Holders Change %
+1.92%
% of All Funds
0.83%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
8
Increased
20
Reduced
17
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$11.7M
2
Morgan Stanley
Morgan Stanley
New York
+$5.1M
3
HighTower Advisors
HighTower Advisors
Illinois
+$777K
4
RCM
Rivernorth Capital Management
Florida
+$681K
5
AW
Atlas Wealth
Ohio
+$576K

Top Sellers

Rank Fund Capital Flow
1
SPIA
Steward Partners Investment Advisory
New York
-$2.73M
2
WP
Woodline Partners
California
-$2.05M
3
LSC
Logan Stone Capital
Illinois
-$628K
4
WAM
Wolverine Asset Management
Illinois
-$603K
5
KIM
Karpus Investment Management
New York
-$380K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$56M +$5.1M +361,183 +10%
SCM
2
Saba Capital Management
New York
$52.7M +$11.7M +828,574 +27%
KIM
3
Karpus Investment Management
New York
$24.5M -$380K -26,906 -1%
Bank of America
4
Bank of America
North Carolina
$9.79M +$571K +40,398 +6%
RJA
5
Raymond James & Associates
Florida
$9.08M -$132K -9,332 -1%
PCM
6
Penserra Capital Management
California
$8.81M +$567K +40,098 +7%
LSC
7
Logan Stone Capital
Illinois
$5.94M -$628K -44,413 -9%
CCP
8
Clough Capital Partners
Massachusetts
$5.45M -$212K -15,000 -4%
COLIM
9
City of London Investment Management
United Kingdom
$5.17M +$141K +10,000 +3%
Royal Bank of Canada
10
Royal Bank of Canada
Ontario, Canada
$4.9M +$424K +29,989 +9%
Wells Fargo
11
Wells Fargo
California
$4.44M -$13.6K -964 -0.3%
1CP
12
1607 Capital Partners
Virginia
$3.14M -$182K -12,900 -5%
CA
13
Corrado Advisors
New Jersey
$2.49M +$108K +7,678 +4%
QC
14
Quantedge Capital
Singapore
$2.31M -$246K -17,426 -9%
Rockefeller Capital Management
15
Rockefeller Capital Management
New York
$2.13M +$505K +35,707 +30%
Cohen & Steers
16
Cohen & Steers
New York
$1.91M -$95.9K -6,786 -5%
AAM
17
Advisors Asset Management
Colorado
$1.9M +$184K +13,004 +10%
AW
18
Atlas Wealth
Ohio
$1.8M +$576K +40,783 +46%
Stifel Financial
19
Stifel Financial
Missouri
$1.65M -$164K -11,591 -9%
IFG
20
Independent Financial Group
California
$1.6M -$46.8K -3,314 -3%
UBS Group
21
UBS Group
Switzerland
$1.26M +$141K +9,993 +12%
FC
22
FCA Corp
Texas
$1.21M +$10K +711 +0.8%
First Trust Advisors
23
First Trust Advisors
Illinois
$1.1M -$3.86K -273 -0.3%
WP
24
Woodline Partners
California
$1.1M -$2.05M -144,893 -64%
MC
25
Matisse Capital
Oregon
$1.03M -$146K -10,362 -12%
1
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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.