MainStay CBRE Global Infrastructure Megatrends Term Fund
MEGI
61 hedge funds and large institutions have $231M invested in MainStay CBRE Global Infrastructure Megatrends Term Fund in 2024 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 24 increasing their positions, 19 reducing their positions, and 6 closing their positions.
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
26% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 19
6% more capital invested
Capital invested by funds: $218M → $231M (+$13M)
5% more funds holding
Funds holding: 58 → 61 (+3)
1.33% more ownership
Funds ownership: 33.39% → 34.72% (+1.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$3.23M |
| 2 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
+$3.09M |
| 3 |
SCM
Saba Capital Management
New York
|
+$2.81M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$840K |
| 5 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
+$807K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.99M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$561K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$495K |
| 4 |
US Bancorp
Minneapolis,
Minnesota
|
-$411K |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$367K |
MEGI Hedge Fund Activity: Q2 2024 in Review
61 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) for Q2 2024, worth a combined $231M — up 6% from $218M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new MEGI positions and 6 closed out — a net gain of 3 holders — while 24 added to existing stakes and 19 trimmed.
The largest buyer was Wells Fargo, adding an estimated $3.23M. The largest seller was Morgan Stanley, cutting an estimated $2.99M.
- 61 institutional investors held MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) as of Q2 2024, up from 58 in Q1 2024.
- Funds reported $231M of MainStay CBRE Global Infrastructure Megatrends Term Fund stock for Q2 2024, up 6% quarter-over-quarter.
- 9 funds opened new MainStay CBRE Global Infrastructure Megatrends Term Fund positions in Q2 2024 and 6 closed out, a net change of +3 holders.
- The largest MainStay CBRE Global Infrastructure Megatrends Term Fund buyer in Q2 2024 was Wells Fargo, an estimated $3.23M added.
- The largest MainStay CBRE Global Infrastructure Megatrends Term Fund seller in Q2 2024 was Morgan Stanley, an estimated $2.99M sold.
Based on aggregated 13F filings for Q2 2024.