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MMD

MainStay MacKay DefinedTerm Municipal Opportunities Fund
MMD

61 hedge funds and large institutions have $57.9M invested in MainStay MacKay DefinedTerm Municipal Opportunities Fund in 2024 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 10 increasing their positions, 23 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 22

5% less funds holding

Funds holding: 64 → 61 (-3)

12.46% less ownership

Funds ownership: 26.32% → 13.85% (-12%)

53% less capital invested

Capital invested by funds: $124M → $57.9M (-$66.3M)

57% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 23

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
61
Holders Change
-3
Holders Change %
-4.69%
% of All Funds
0.8%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
21
Increased
10
Reduced
23
Closed
22
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HWAM
Hennion & Walsh Asset Management
New Jersey
+$1.94M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$1.5M
3
PAS
Park Avenue Securities
New York
+$1.41M
4
LSC
Logan Stone Capital
Illinois
+$1.33M
5
RAM
Readystate Asset Management
Illinois
+$1.32M

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$19.5M
2
Jane Street
Jane Street
New York
-$11M
3
AC
Almitas Capital
California
-$9.89M
4
Bank of America
Bank of America
North Carolina
-$6.95M
5
Morgan Stanley
Morgan Stanley
New York
-$4.42M
Name Holding Trade Value Shares
Change 		Change in
Stake
WS
26
Wedbush Securities
California
$515K -$19.4K -1,200 -3%
SPIA
27
Steward Partners Investment Advisory
New York
$501K -$91.5K -5,659 -14%
MG
28
Marex Group
$488K +$528K +32,674 New
LA
29
LPF Advisors
Florida
$469K -$8.05K -498 -2%
WA
30
Whipplewood Advisors
Colorado
$447K +$484K +29,925 New
Northwestern Mutual Wealth Management
31
Northwestern Mutual Wealth Management
Wisconsin
$447K -$3.2K -198 -0.7%
RC
32
Rovin Capital
Arizona
$420K +$17.6K +1,091 +4%
SXL
33
Summit X LLC
Missouri
$369K +$64.4K +3,983 +19%
Osaic Holdings
34
Osaic Holdings
Arizona
$359K -$182K -11,287 -32%
Nomura Holdings
35
Nomura Holdings
Japan
$354K +$383K +23,700 New
GC
36
Guggenheim Capital
Illinois
$341K -$1.07M -66,036 -74%
ACA
37
Ackerman Capital Advisors
Texas
$328K +$355K +21,942 New
LCM
38
Landscape Capital Management
New Jersey
$324K +$351K +21,713 New
Calamos Advisors
39
Calamos Advisors
Illinois
$307K +$333K +20,592 New
GJWM
40
Gilliland Jeter Wealth Management
Arkansas
$307K -$77.1K -4,770 -19%
BOPW
41
Brandywine Oak Private Wealth
Pennsylvania
$299K – – –
Rockefeller Capital Management
42
Rockefeller Capital Management
New York
$298K -$110K -6,784 -25%
CWP
43
Cyndeo Wealth Partners
Florida
$281K +$33.6K +2,081 +12%
Walleye Capital
44
Walleye Capital
New York
$246K +$266K +16,486 New
Janney Montgomery Scott
45
Janney Montgomery Scott
Pennsylvania
$227K -$159K -9,843 -39%
ACM
46
Arlington Capital Management
Illinois
$214K +$232K +14,333 New
CFGSD
47
Compass Financial Group (South Dakota)
South Dakota
$209K – – –
ICMP
48
Integrated Capital Management (Pennsylvania)
Pennsylvania
$204K +$221K +13,664 New
NW
49
NewEdge Wealth
Pennsylvania
$200K -$217K -13,449 -50%
Commonwealth Equity Services
50
Commonwealth Equity Services
Massachusetts
$190K +$16.5K +1,018 +9%
1
2
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MMD Hedge Fund Activity: Q4 2024 in Review

61 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) for Q4 2024, worth a combined $57.9M — down 53% from $124M a quarter earlier.

Sellers outnumbered buyers: 22 funds closed out of MMD and 21 opened new positions — a net loss of 1 holder — while 23 trimmed existing stakes and 10 added.

The largest buyer was Hennion & Walsh Asset Management, opening a new position worth an estimated $1.94M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $19.5M sold.

  • 61 institutional investors held MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) as of Q4 2024, down from 64 in Q3 2024.
  • Funds reported $57.9M of MainStay MacKay DefinedTerm Municipal Opportunities Fund stock for Q4 2024, down 53% quarter-over-quarter.
  • 21 funds opened new MainStay MacKay DefinedTerm Municipal Opportunities Fund positions in Q4 2024 and 22 closed out, a net change of -1 holder.
  • The largest MainStay MacKay DefinedTerm Municipal Opportunities Fund buyer in Q4 2024 was Hennion & Walsh Asset Management, an estimated $1.94M added.
  • The largest MainStay MacKay DefinedTerm Municipal Opportunities Fund seller in Q4 2024 was Sit Investment Associates, an estimated $19.5M sold.

Based on aggregated 13F filings for Q4 2024.