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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$4.51M |
| 2 |
Jane Street
New York
|
+$2.84M |
| 3 |
LPL Financial
San Diego,
California
|
+$955K |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$749K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$372K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$16.5M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.6M |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
-$1.19M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.15M |
| 5 |
GBWM
Granite Bay Wealth Management
Portsmouth,
New Hampshire
|
-$904K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GBWM
76
Granite Bay Wealth Management
Portsmouth,
New Hampshire
| – | -$904K | -58,590 | Closed |
|
|
WAM
77
Weiss Asset Management
Boston,
Massachusetts
| – | -$566K | -34,818 | Closed |
|
|
JWM
78
JGP Wealth Management
Bend,
Oregon
| – | -$535K | -32,918 | Closed |
|
|
CA
79
Cetera Advisors
Denver,
Colorado
| – | -$175K | -10,799 | Closed |
|
|
EC
80
Elequin Capital
New York
| – | -$126K | -7,727 | Closed |
|
81
JP Morgan Chase
New York
| – | -$1.58K | -97 | Closed |
|
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.