NYLIM MacKay DefinedTerm Muni Opportunities Fund
MMD
31 hedge funds and large institutions have $44.3M invested in NYLIM MacKay DefinedTerm Muni Opportunities Fund in 2014 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 8 increasing their positions, 10 reducing their positions, and 4 closing their positions.
150% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 4
21% more capital invested
Capital invested by funds: $36.7M → $44.3M (+$7.66M)
15% more funds holding
Funds holding: 27 → 31 (+4)
1.4% more ownership
Funds ownership: 7.46% → 8.85% (+1.4%)
20% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$3.32M |
| 2 |
SG Americas Securities
New York
|
+$862K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$849K |
| 4 |
NPC
National Planning Corporation
El Segundo,
California
|
+$680K |
| 5 |
Morgan Stanley
New York
|
+$458K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$646K |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$334K |
| 3 |
AW
ACG Wealth
Atlanta,
Georgia
|
-$233K |
| 4 |
Jane Street
New York
|
-$194K |
| 5 |
CA
Cetera Advisors
Denver,
Colorado
|
-$125K |
MMD Hedge Fund Activity: Q4 2014 in Review
31 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in NYLIM MacKay DefinedTerm Muni Opportunities Fund (MMD) for Q4 2014, worth a combined $44.3M — up 21% from $36.7M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new MMD positions and 4 closed out — a net gain of 6 holders — while 8 added to existing stakes and 10 trimmed.
The largest buyer was Bank of America, adding an estimated $3.32M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $646K sold.
- 31 institutional investors held NYLIM MacKay DefinedTerm Muni Opportunities Fund (MMD) as of Q4 2014, up from 27 in Q3 2014.
- Funds reported $44.3M of NYLIM MacKay DefinedTerm Muni Opportunities Fund stock for Q4 2014, up 21% quarter-over-quarter.
- 10 funds opened new NYLIM MacKay DefinedTerm Muni Opportunities Fund positions in Q4 2014 and 4 closed out, a net change of +6 holders.
- The largest NYLIM MacKay DefinedTerm Muni Opportunities Fund buyer in Q4 2014 was Bank of America, an estimated $3.32M added.
- The largest NYLIM MacKay DefinedTerm Muni Opportunities Fund seller in Q4 2014 was Sit Investment Associates, an estimated $646K sold.
Based on aggregated 13F filings for Q4 2014.