NYLIM MacKay DefinedTerm Muni Opportunities Fund
MMD
27 hedge funds and large institutions have $28.4M invested in NYLIM MacKay DefinedTerm Muni Opportunities Fund in 2013 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 8 increasing their positions, 5 reducing their positions, and 4 closing their positions.
175% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 4
60% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 5
47% more capital invested
Capital invested by funds: $19.2M → $28.4M (+$9.12M)
35% more funds holding
Funds holding: 20 → 27 (+7)
2.17% more ownership
Funds ownership: 4.35% → 6.53% (+2.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2M |
| 2 |
AI
ArchPoint Investors
Coral Gables,
Florida
|
+$1.89M |
| 3 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$1.57M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.35M |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$952K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$391K |
| 2 |
U
UBS
Zurich,
Switzerland
|
-$371K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$191K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$167K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$149K |
MMD Hedge Fund Activity: Q4 2013 in Review
27 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in NYLIM MacKay DefinedTerm Muni Opportunities Fund (MMD) for Q4 2013, worth a combined $28.4M — up 47% from $19.2M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new MMD positions and 4 closed out — a net gain of 7 holders — while 8 added to existing stakes and 5 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $2M. The largest seller was LPL Financial, cutting an estimated $391K.
- 27 institutional investors held NYLIM MacKay DefinedTerm Muni Opportunities Fund (MMD) as of Q4 2013, up from 20 in Q3 2013.
- Funds reported $28.4M of NYLIM MacKay DefinedTerm Muni Opportunities Fund stock for Q4 2013, up 47% quarter-over-quarter.
- 11 funds opened new NYLIM MacKay DefinedTerm Muni Opportunities Fund positions in Q4 2013 and 4 closed out, a net change of +7 holders.
- The largest NYLIM MacKay DefinedTerm Muni Opportunities Fund buyer in Q4 2013 was Morgan Stanley, an estimated $2M added.
- The largest NYLIM MacKay DefinedTerm Muni Opportunities Fund seller in Q4 2013 was LPL Financial, an estimated $391K sold.
Based on aggregated 13F filings for Q4 2013.