NYLIM MacKay DefinedTerm Muni Opportunities Fund
MMD
20 hedge funds and large institutions have $19.2M invested in NYLIM MacKay DefinedTerm Muni Opportunities Fund in 2013 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 2 closing their positions.
250% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 2
37% more capital invested
Capital invested by funds: $14M → $19.2M (+$5.2M)
33% more funds holding
Funds holding: 15 → 20 (+5)
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
1.2% more ownership
Funds ownership: 3.15% → 4.35% (+1.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$2M |
| 2 |
Morgan Stanley
New York
|
+$1.55M |
| 3 |
CA
Cetera Advisors
Denver,
Colorado
|
+$1.13M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$871K |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$867K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$486K |
| 2 |
Jane Street
New York
|
-$302K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$94.7K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$54.3K |
| 5 |
VanEck Associates
New York
|
-$50.2K |
MMD Hedge Fund Activity: Q3 2013 in Review
20 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in NYLIM MacKay DefinedTerm Muni Opportunities Fund (MMD) for Q3 2013, worth a combined $19.2M — up 37% from $14M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new MMD positions and 2 closed out — a net gain of 5 holders — while 7 added to existing stakes and 6 trimmed.
The largest buyer was Bank of America, adding an estimated $2M. The largest seller was Raymond James Financial Services Advisors, exiting entirely with an estimated $486K sold.
- 20 institutional investors held NYLIM MacKay DefinedTerm Muni Opportunities Fund (MMD) as of Q3 2013, up from 15 in Q2 2013.
- Funds reported $19.2M of NYLIM MacKay DefinedTerm Muni Opportunities Fund stock for Q3 2013, up 37% quarter-over-quarter.
- 7 funds opened new NYLIM MacKay DefinedTerm Muni Opportunities Fund positions in Q3 2013 and 2 closed out, a net change of +5 holders.
- The largest NYLIM MacKay DefinedTerm Muni Opportunities Fund buyer in Q3 2013 was Bank of America, an estimated $2M added.
- The largest NYLIM MacKay DefinedTerm Muni Opportunities Fund seller in Q3 2013 was Raymond James Financial Services Advisors, an estimated $486K sold.
Based on aggregated 13F filings for Q3 2013.