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MEGI

MainStay CBRE Global Infrastructure Megatrends Term Fund
MEGI

61 hedge funds and large institutions have $276M invested in MainStay CBRE Global Infrastructure Megatrends Term Fund in 2023 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 23 increasing their positions, 16 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 9

44% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 16

41% more capital invested

Capital invested by funds: $196M → $276M (+$79.6M)

8.82% more ownership

Funds ownership: 32.02% → 40.84% (+8.8%)

7% more funds holding

Funds holding: 57 → 61 (+4)

Holders
61
Holders Change
+4
Holders Change %
+7.02%
% of All Funds
0.89%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
15
Increased
23
Reduced
16
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$41.6M
2
SCM
Saba Capital Management
New York
+$11.5M
3
RJA
Raymond James & Associates
Florida
+$7.28M
4
RJFSA
Raymond James Financial Services Advisors
Florida
+$2.45M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$2.43M

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$7.53M
2
LSC
Logan Stone Capital
Illinois
-$3.44M
3
Bank of America
Bank of America
North Carolina
-$3.26M
4
CCP
Clough Capital Partners
Massachusetts
-$2.56M
5
AW
Atlas Wealth
Ohio
-$1.55M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$97M +$41.6M +3,467,858 +87%
SCM
2
Saba Capital Management
New York
$70.1M +$11.5M +960,672 +22%
RJA
3
Raymond James & Associates
Florida
$17M +$7.28M +607,781 +87%
KIM
4
Karpus Investment Management
New York
$11.7M -$7.53M -628,371 -41%
PCM
5
Penserra Capital Management
California
$10.3M +$661K +55,128 +7%
Wells Fargo
6
Wells Fargo
California
$7.77M +$1.21M +101,191 +20%
Royal Bank of Canada
7
Royal Bank of Canada
Ontario, Canada
$7.7M +$2.43M +202,641 +52%
Bank of America
8
Bank of America
North Carolina
$6.89M -$3.26M -272,152 -34%
Pathstone Holdings
9
Pathstone Holdings
New Jersey
$5.75M +$5.31M +442,836 New
COLIM
10
City of London Investment Management
United Kingdom
$4.54M +$19.3K +1,612 +0.5%
RJFSA
11
Raymond James Financial Services Advisors
Florida
$3.25M +$2.45M +204,212 +445%
AAM
12
Advisors Asset Management
Colorado
$2.74M +$276K +23,016 +12%
CA
13
Corrado Advisors
New Jersey
$2.4M -$16.3K -1,361 -0.7%
Rockefeller Capital Management
14
Rockefeller Capital Management
New York
$2.16M +$10.4K +870 +0.5%
Cohen & Steers
15
Cohen & Steers
New York
$2.07M – – –
QC
16
Quantedge Capital
Singapore
$1.6M +$515K +43,000 +53%
IFG
17
Independent Financial Group
California
$1.58M -$13.5K -1,127 -0.9%
First Trust Advisors
18
First Trust Advisors
Illinois
$1.49M -$69.4K -5,789 -5%
Stifel Financial
19
Stifel Financial
Missouri
$1.36M +$60.3K +5,032 +5%
CCP
20
Clough Capital Partners
Massachusetts
$1.3M -$2.56M -213,467 -68%
FC
21
FCA Corp
Texas
$1.14M -$56.2K -4,688 -5%
AGM
22
Alpine Global Management
New York
$1.04M +$959K +80,000 New
1CP
23
1607 Capital Partners
Virginia
$1M -$368K -30,700 -28%
QC
24
Quadrature Capital
United Kingdom
$982K +$907K +75,642 New
MC
25
Matisse Capital
Oregon
$973K – – –
1
2 3

MEGI Hedge Fund Activity: Q4 2023 in Review

61 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) for Q4 2023, worth a combined $276M — up 41% from $196M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new MEGI positions and 9 closed out — a net gain of 6 holders — while 23 added to existing stakes and 16 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $41.6M. The largest seller was Karpus Investment Management, cutting an estimated $7.53M.

  • 61 institutional investors held MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) as of Q4 2023, up from 57 in Q3 2023.
  • Funds reported $276M of MainStay CBRE Global Infrastructure Megatrends Term Fund stock for Q4 2023, up 41% quarter-over-quarter.
  • 15 funds opened new MainStay CBRE Global Infrastructure Megatrends Term Fund positions in Q4 2023 and 9 closed out, a net change of +6 holders.
  • The largest MainStay CBRE Global Infrastructure Megatrends Term Fund buyer in Q4 2023 was Morgan Stanley, an estimated $41.6M added.
  • The largest MainStay CBRE Global Infrastructure Megatrends Term Fund seller in Q4 2023 was Karpus Investment Management, an estimated $7.53M sold.

Based on aggregated 13F filings for Q4 2023.