MainStay MacKay DefinedTerm Municipal Opportunities Fund
MMD
61 hedge funds and large institutions have $57.9M invested in MainStay MacKay DefinedTerm Municipal Opportunities Fund in 2024 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 10 increasing their positions, 23 reducing their positions, and 22 closing their positions.
5% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 22
5% less funds holding
Funds holding: 64 → 61 (-3)
12.46% less ownership
Funds ownership: 26.32% → 13.85% (-12%)
53% less capital invested
Capital invested by funds: $124M → $57.9M (-$66.3M)
57% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 23
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$1.94M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.5M |
| 3 |
PAS
Park Avenue Securities
New York
|
+$1.41M |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$1.33M |
| 5 |
RAM
Readystate Asset Management
Chicago,
Illinois
|
+$1.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$19.5M |
| 2 |
Jane Street
New York
|
-$11M |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
-$9.89M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$6.95M |
| 5 |
Morgan Stanley
New York
|
-$4.42M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Invesco
Atlanta,
Georgia
| – | -$253K | -15,024 | Closed |
|
|
SFG
77
Sovereign Financial Group
Stamford,
Connecticut
| – | -$237K | -14,046 | Closed |
|
|
LFS
78
Legacy Financial Strategies
Overland Park,
Kansas
| – | -$212K | -12,546 | Closed |
|
|
NLP
79
Next Level Private
Harrison,
New York
| – | -$211K | -12,500 | Closed |
|
80
Citadel Advisors
Miami,
Florida
| – | -$208K | -12,309 | Closed |
|
|
PA
81
Parallel Advisors
San Francisco,
California
| – | -$140K | -8,307 | Closed |
|
|
WAM
82
Wolverine Asset Management
Chicago,
Illinois
| – | -$112K | -6,644 | Closed |
|
|
FFWM
83
Future Financial Wealth Management
Cincinnati,
Ohio
| – | -$80.8K | -5,000 | Closed |
|
84
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$16.9K | -1,000 | Closed |
|
MMD Hedge Fund Activity: Q4 2024 in Review
61 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) for Q4 2024, worth a combined $57.9M — down 53% from $124M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of MMD and 21 opened new positions — a net loss of 1 holder — while 23 trimmed existing stakes and 10 added.
The largest buyer was Hennion & Walsh Asset Management, opening a new position worth an estimated $1.94M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $19.5M sold.
- 61 institutional investors held MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) as of Q4 2024, down from 64 in Q3 2024.
- Funds reported $57.9M of MainStay MacKay DefinedTerm Municipal Opportunities Fund stock for Q4 2024, down 53% quarter-over-quarter.
- 21 funds opened new MainStay MacKay DefinedTerm Municipal Opportunities Fund positions in Q4 2024 and 22 closed out, a net change of -1 holder.
- The largest MainStay MacKay DefinedTerm Municipal Opportunities Fund buyer in Q4 2024 was Hennion & Walsh Asset Management, an estimated $1.94M added.
- The largest MainStay MacKay DefinedTerm Municipal Opportunities Fund seller in Q4 2024 was Sit Investment Associates, an estimated $19.5M sold.
Based on aggregated 13F filings for Q4 2024.