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MMD

MainStay MacKay DefinedTerm Municipal Opportunities Fund
MMD

60 hedge funds and large institutions have $67.6M invested in MainStay MacKay DefinedTerm Municipal Opportunities Fund in 2025 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 22 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% more capital invested

Capital invested by funds: $65.5M → $67.6M (+$2.08M)

0.95% more ownership

Funds ownership: 15.41% → 16.36% (+0.95%)

9% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 22

8% less funds holding

Funds holding: 65 → 60 (-5)

33% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 9

Holders
60
Holders Change
-5
Holders Change %
-7.69%
% of All Funds
0.79%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
20
Reduced
22
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$2.38M
2
HWAM
Hennion & Walsh Asset Management
New Jersey
+$1.77M
3
Raymond James Financial
Raymond James Financial
Florida
+$1.58M
4
WA
Whipplewood Advisors
Colorado
+$702K
5
GEM
Global Endowment Management
North Carolina
+$437K

Top Sellers

Rank Fund Capital Flow
1
RAM
Readystate Asset Management
Illinois
-$836K
2
LSC
Logan Stone Capital
Illinois
-$801K
3
AAM
Advisors Asset Management
Colorado
-$396K
4
Wells Fargo
Wells Fargo
California
-$379K
5
Pathstone Holdings
Pathstone Holdings
New Jersey
-$363K
Name Holding Trade Value Shares
Change 		Change in
Stake
WS
26
Wedbush Securities
California
$500K -$10.2K -700 -2%
SPIA
27
Steward Partners Investment Advisory
New York
$474K -$1.95K -134 -0.4%
SXL
28
Summit X LLC
Missouri
$446K -$120K -8,258 -21%
Cohen & Steers
29
Cohen & Steers
New York
$444K – – –
GEM
30
Global Endowment Management
North Carolina
$444K +$437K +30,000 New
Calamos Advisors
31
Calamos Advisors
Illinois
$435K +$140K +9,636 +49%
RC
32
Rovin Capital
Arizona
$421K +$160 +11 +0%
CF
33
Centaurus Financial
California
$417K +$411K +28,212 New
WP
34
WealthPLAN Partners
Nebraska
$411K +$405K +27,771 New
Northwestern Mutual Wealth Management
35
Northwestern Mutual Wealth Management
Wisconsin
$389K -$68.4K -4,692 -15%
Rockefeller Capital Management
36
Rockefeller Capital Management
New York
$354K +$348K +23,909 New
EH
37
Equitable Holdings
New York
$352K -$158K -10,833 -31%
Ameriprise
38
Ameriprise
Minnesota
$347K -$94.9K -6,513 -22%
Janney Montgomery Scott
39
Janney Montgomery Scott
Pennsylvania
$345K – – –
ICMP
40
Integrated Capital Management (Pennsylvania)
Pennsylvania
$332K +$63.1K +4,327 +24%
BOPW
41
Brandywine Oak Private Wealth
Pennsylvania
$296K – – –
Osaic Holdings
42
Osaic Holdings
Arizona
$252K -$64.8K -4,449 -21%
PL
43
Plancorp LLC
Missouri
$249K – – –
GJWM
44
Gilliland Jeter Wealth Management
Arkansas
$239K -$63.8K -4,375 -21%
Cetera Investment Advisers
45
Cetera Investment Advisers
Illinois
$232K -$4.93K -338 -2%
USCWA
46
U.S. Capital Wealth Advisors
Texas
$222K +$219K +15,000 New
CFGSD
47
Compass Financial Group (South Dakota)
South Dakota
$207K – – –
SFWA
48
Summit Financial Wealth Advisors
Louisiana
$200K -$211K -14,500 -52%
NW
49
NewEdge Wealth
Pennsylvania
$197K – – –
LSC
50
Logan Stone Capital
Illinois
$189K -$801K -54,920 -81%
1
2
3

MMD Hedge Fund Activity: Q2 2025 in Review

60 of the 7,598 institutional investors tracked by Wall St. Rank reported a position in MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) for Q2 2025, worth a combined $67.6M — up 3.2% from $65.5M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of MMD and 6 opened new positions — a net loss of 3 holders — while 22 trimmed existing stakes and 20 added.

The largest buyer was Guggenheim Capital, adding an estimated $2.38M. The largest seller was Readystate Asset Management, exiting entirely with an estimated $836K sold.

  • 60 institutional investors held MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) as of Q2 2025, down from 65 in Q1 2025.
  • Funds reported $67.6M of MainStay MacKay DefinedTerm Municipal Opportunities Fund stock for Q2 2025, up 3.2% quarter-over-quarter.
  • 6 funds opened new MainStay MacKay DefinedTerm Municipal Opportunities Fund positions in Q2 2025 and 9 closed out, a net change of -3 holders.
  • The largest MainStay MacKay DefinedTerm Municipal Opportunities Fund buyer in Q2 2025 was Guggenheim Capital, an estimated $2.38M added.
  • The largest MainStay MacKay DefinedTerm Municipal Opportunities Fund seller in Q2 2025 was Readystate Asset Management, an estimated $836K sold.

Based on aggregated 13F filings for Q2 2025.