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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
AC
51
AlphaCore Capital
California
$187K – – –
MSFS
52
Main Street Financial Solutions
Pennsylvania
$181K -$2.16K -148 -1%
CWP
53
Cyndeo Wealth Partners
Florida
$179K -$101K -6,913 -36%
OC
54
Oppenheimer & Co
New York
$163K +$4.37K +300 +3%
Comerica Bank
55
Comerica Bank
Texas
$76.5K -$34.4K -2,357 -31%
CA
56
CoreCap Advisors
Michigan
$57.8K – – –
CFFP
57
Center for Financial Planning
Michigan
$29.6K – – –
SWIM
58
Smallwood Wealth Investment Management
New Jersey
$11K – – –
FIA
59
FNY Investment Advisers
New York
$8K +$8.75K +600 New
FFA
60
Farther Finance Advisors
California
$7.39K – – –
HNB
61
Huntington National Bank
Ohio
$3.7K – – –
RAM
62
Readystate Asset Management
Illinois
– -$836K -55,429 Closed
AAM
63
Advisors Asset Management
Colorado
– -$396K -26,252 Closed
Pathstone Holdings
64
Pathstone Holdings
New Jersey
– -$363K -23,675 Closed
Northern Trust
65
Northern Trust
Illinois
– -$302K -20,000 Closed
ACM
66
Arlington Capital Management
Illinois
– -$263K -17,417 Closed
Commonwealth Equity Services
67
Commonwealth Equity Services
Massachusetts
– -$215K -14,256 Closed
TCA
68
Transcend Capital Advisors
New Jersey
– -$183K -12,141 Closed
NS
69
NBC Securities
Alabama
– -$30K -2,000 Closed
S
70
SignatureFD
Georgia
– -$121 -8 Closed
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.