NYLIM CBRE Global Infrastructure Megatrends Term Fund
MEGI
61 hedge funds and large institutions have $227M invested in NYLIM CBRE Global Infrastructure Megatrends Term Fund in 2023 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 22 increasing their positions, 17 reducing their positions, and 9 closing their positions.
67% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 9
29% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 17
16% more capital invested
Capital invested by funds: $196M → $227M (+$31.1M)
7% more funds holding
Funds holding: 57 → 61 (+4)
1.64% more ownership
Funds ownership: 32.02% → 33.66% (+1.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$11.5M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$7.28M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$2.45M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.43M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$7.53M |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$3.44M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$3.26M |
| 4 |
Morgan Stanley
New York
|
-$3.24M |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$2.56M |
MEGI Hedge Fund Activity: Q4 2023 in Review
61 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in NYLIM CBRE Global Infrastructure Megatrends Term Fund (MEGI) for Q4 2023, worth a combined $227M — up 16% 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 22 added to existing stakes and 17 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $11.5M. The largest seller was Karpus Investment Management, cutting an estimated $7.53M.
- 61 institutional investors held NYLIM CBRE Global Infrastructure Megatrends Term Fund (MEGI) as of Q4 2023, up from 57 in Q3 2023.
- Funds reported $227M of NYLIM CBRE Global Infrastructure Megatrends Term Fund stock for Q4 2023, up 16% quarter-over-quarter.
- 15 funds opened new NYLIM CBRE Global Infrastructure Megatrends Term Fund positions in Q4 2023 and 9 closed out, a net change of +6 holders.
- The largest NYLIM CBRE Global Infrastructure Megatrends Term Fund buyer in Q4 2023 was Saba Capital Management, an estimated $11.5M added.
- The largest NYLIM 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.