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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$7.87M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$2.3M |
| 3 |
API
Advisor Partners II
Walnut Creek,
California
|
+$1.89M |
| 4 |
PCM
Penserra Capital Management
Orinda,
California
|
+$1.31M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$1.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.48M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$1.62M |
| 3 |
QC
Quantedge Capital
Singapore
|
-$1.17M |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$1.12M |
| 5 |
WP
Woodline Partners
San Francisco,
California
|
-$1.1M |
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.