NYLIM MacKay DefinedTerm Muni Opportunities Fund
MMD
27 hedge funds and large institutions have $35.1M invested in NYLIM MacKay DefinedTerm Muni Opportunities Fund in 2014 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 4 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 10
6% more capital invested
Capital invested by funds: $33M → $35.1M (+$2.09M)
0.08% more ownership
Funds ownership: 7.07% → 7.15% (+0.08%)
4% less funds holding
Funds holding: 28 → 27 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.92M |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$647K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$614K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$464K |
| 5 |
Barclays
London,
United Kingdom
|
+$345K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.53M |
| 2 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$1.37M |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$472K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$276K |
| 5 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$253K |
MMD Hedge Fund Activity: Q2 2014 in Review
27 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in NYLIM MacKay DefinedTerm Muni Opportunities Fund (MMD) for Q2 2014, worth a combined $35.1M — up 6.3% from $33M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of MMD and 3 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 12 added.
The largest buyer was Bank of America, adding an estimated $1.92M. The largest seller was Morgan Stanley, cutting an estimated $1.53M.
- 27 institutional investors held NYLIM MacKay DefinedTerm Muni Opportunities Fund (MMD) as of Q2 2014, down from 28 in Q1 2014.
- Funds reported $35.1M of NYLIM MacKay DefinedTerm Muni Opportunities Fund stock for Q2 2014, up 6.3% quarter-over-quarter.
- 3 funds opened new NYLIM MacKay DefinedTerm Muni Opportunities Fund positions in Q2 2014 and 4 closed out, a net change of -1 holder.
- The largest NYLIM MacKay DefinedTerm Muni Opportunities Fund buyer in Q2 2014 was Bank of America, an estimated $1.92M added.
- The largest NYLIM MacKay DefinedTerm Muni Opportunities Fund seller in Q2 2014 was Morgan Stanley, an estimated $1.53M sold.
Based on aggregated 13F filings for Q2 2014.