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MMD

MainStay MacKay DefinedTerm Municipal Opportunities Fund
MMD

74 hedge funds and large institutions have $111M invested in MainStay MacKay DefinedTerm Municipal Opportunities Fund in 2024 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 25 increasing their positions, 29 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 6

1% more funds holding

Funds holding: 73 → 74 (+1)

3.43% less ownership

Funds ownership: 27.71% → 24.28% (-3.4%)

12% less capital invested

Capital invested by funds: $126M → $111M (-$14.8M)

14% less repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 29

Holders
74
Holders Change
+1
Holders Change %
+1.37%
% of All Funds
1.07%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
25
Reduced
29
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$4.51M
2
Jane Street
Jane Street
New York
+$2.84M
3
LPL Financial
LPL Financial
California
+$955K
4
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$749K
5
Ameriprise
Ameriprise
Minnesota
+$372K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$16.5M
2
GC
Guggenheim Capital
Illinois
-$1.6M
3
AC
Almitas Capital
California
-$1.19M
4
AAM
Advisors Asset Management
Colorado
-$1.15M
5
GBWM
Granite Bay Wealth Management
New Hampshire
-$904K
Name Holding Trade Value Shares
Change 		Change in
Stake
SCA
51
Snowden Capital Advisors
New York
$267K +$2.81K +171 +1%
Truist Financial
52
Truist Financial
North Carolina
$264K +$559 +34 +0.2%
Nomura Holdings
53
Nomura Holdings
Japan
$248K +$249K +15,141 New
SFG
54
Sovereign Financial Group
Connecticut
$245K +$2.02K +123 +0.8%
CFGSD
55
Compass Financial Group (South Dakota)
South Dakota
$229K – – –
BOPW
56
Brandywine Oak Private Wealth
Pennsylvania
$229K -$6.57K -400 -3%
GVAG
57
Great Valley Advisor Group
Delaware
$204K -$204K -12,400 -50%
NLP
58
Next Level Private
New York
$204K – – –
SWP
59
Stratos Wealth Partners
Ohio
$201K -$61.4K -3,737 -23%
Citadel Advisors
60
Citadel Advisors
Florida
$196K +$197K +11,987 New
LFS
61
Legacy Financial Strategies
Kansas
$195K -$19.2K -1,170 -9%
Susquehanna International Group
62
Susquehanna International Group
Pennsylvania
$185K +$186K +11,333 New
RCM
63
Robinson Capital Management
Michigan
$176K – – –
Cerity Partners
64
Cerity Partners
New York
$174K +$1.12K +68 +0.6%
PA
65
Parallel Advisors
California
$135K +$197 +12 +0.1%
Comerica Bank
66
Comerica Bank
Texas
$114K +$16.4K +1,000 +17%
FFWM
67
Future Financial Wealth Management
Ohio
$81.8K +$82.2K +5,000 New
CA
68
CoreCap Advisors
Michigan
$63.9K +$64.2K +3,910 New
S
69
SignatureFD
Georgia
$32.8K +$33K +2,007 New
CFFP
70
Center for Financial Planning
Michigan
$32.7K – – –
NS
71
NBC Securities
Alabama
$32K – – –
FFA
72
Farther Finance Advisors
California
$30.4K – – –
PNC Financial Services Group
73
PNC Financial Services Group
Pennsylvania
$16.4K – – –
BFEC
74
Benjamin F. Edwards & Company
Missouri
$10K – – –
MSG
75
Main Street Group
Virginia
$7.4K – – –
1 2
3
4

MMD Hedge Fund Activity: Q1 2024 in Review

74 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) for Q1 2024, worth a combined $111M — down 12% from $126M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new MMD positions and 6 closed out — a net gain of 2 holders — while 25 added to existing stakes and 29 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $4.51M. The largest seller was Morgan Stanley, cutting an estimated $16.5M.

  • 74 institutional investors held MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) as of Q1 2024, up from 73 in Q4 2023.
  • Funds reported $111M of MainStay MacKay DefinedTerm Municipal Opportunities Fund stock for Q1 2024, down 12% quarter-over-quarter.
  • 8 funds opened new MainStay MacKay DefinedTerm Municipal Opportunities Fund positions in Q1 2024 and 6 closed out, a net change of +2 holders.
  • The largest MainStay MacKay DefinedTerm Municipal Opportunities Fund buyer in Q1 2024 was Sit Investment Associates, an estimated $4.51M added.
  • The largest MainStay MacKay DefinedTerm Municipal Opportunities Fund seller in Q1 2024 was Morgan Stanley, an estimated $16.5M sold.

Based on aggregated 13F filings for Q1 2024.