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MMD

MainStay MacKay DefinedTerm Municipal Opportunities Fund
MMD

75 hedge funds and large institutions have $84.5M invested in MainStay MacKay DefinedTerm Municipal Opportunities Fund in 2025 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 22 increasing their positions, 20 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 6

19% more funds holding

Funds holding: 63 → 75 (+12)

18% more capital invested

Capital invested by funds: $71.8M → $84.5M (+$12.7M)

10% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 20

4.99% more ownership

Funds ownership: 25.26% → 30.25% (+5%)

Holders
75
Holders Change
+12
Holders Change %
+19.05%
% of All Funds
0.91%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
18
Increased
22
Reduced
20
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RCM
Robinson Capital Management
Michigan
+$5.7M
2
LSC
Logan Stone Capital
Illinois
+$1.46M
3
WAM
Wolverine Asset Management
Illinois
+$1.32M
4
Pathstone Holdings
Pathstone Holdings
New Jersey
+$1.04M
5
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$940K

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$1.06M
2
LPL Financial
LPL Financial
California
-$1.06M
3
Stifel Financial
Stifel Financial
Missouri
-$379K
4
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$337K
5
GJWM
Gilliland Jeter Wealth Management
Arkansas
-$245K
Name Holding Trade Value Shares
Change 		Change in
Stake
WA
26
Whipplewood Advisors
Colorado
$740K +$3.02K +201 +0.4%
Cohen & Steers
27
Cohen & Steers
New York
$669K – – –
AQR Capital Management
28
AQR Capital Management
Connecticut
$618K +$7.41K +494 +1%
RCM
29
Rivernorth Capital Management
Florida
$598K +$604K +40,239 New
Invesco
30
Invesco
Georgia
$550K +$556K +37,015 New
1CP
31
1607 Capital Partners
Virginia
$521K +$526K +35,062 New
P
32
&Partners
Tennessee
$491K +$496K +33,047 New
XF
33
XML Financial
Maryland
$483K +$8.26K +550 +2%
WS
34
Wedbush Securities
California
$477K -$5.03K -335 -1%
SPIA
35
Steward Partners Investment Advisory
New York
$456K -$24.4K -1,624 -5%
GEM
36
Global Endowment Management
North Carolina
$446K – – –
RC
37
Rovin Capital
Arizona
$428K +$5.12K +341 +1%
WP
38
WealthPLAN Partners
Nebraska
$393K – – –
Millennium Management
39
Millennium Management
New York
$388K +$391K +26,081 New
EH
40
Equitable Holdings
New York
$380K -$15.5K -1,036 -4%
Northwestern Mutual Wealth Management
41
Northwestern Mutual Wealth Management
Wisconsin
$372K -$19.5K -1,297 -5%
Ameriprise
42
Ameriprise
Minnesota
$369K -$58.1K -3,872 -14%
CF
43
Centaurus Financial
California
$362K -$14.9K -994 -4%
Rockefeller Capital Management
44
Rockefeller Capital Management
New York
$357K +$855 +57 +0.2%
PL
45
Plancorp LLC
Missouri
$354K – – –
Bank of New York Mellon
46
Bank of New York Mellon
New York
$354K +$357K +23,781 New
Jane Street
47
Jane Street
New York
$328K +$20.8K +1,389 +7%
BOPW
48
Brandywine Oak Private Wealth
Pennsylvania
$297K – – –
Stifel Financial
49
Stifel Financial
Missouri
$292K -$379K -25,253 -56%
SA
50
Scarborough Advisors
Maryland
$290K +$293K +19,530 New
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