NYLIM MacKay DefinedTerm Muni Opportunities Fund
MMD
32 hedge funds and large institutions have $55.9M invested in NYLIM MacKay DefinedTerm Muni Opportunities Fund in 2016 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 6 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 10
0.63% less ownership
Funds ownership: 10.96% → 10.33% (-0.63%)
2% less capital invested
Capital invested by funds: $56.9M → $55.9M (-$962K)
9% less funds holding
Funds holding: 35 → 32 (-3)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.33M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$597K |
| 3 |
UR
USCA RIA
Houston,
Texas
|
+$518K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$513K |
| 5 |
Morgan Stanley
New York
|
+$373K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AI
ArchPoint Investors
Coral Gables,
Florida
|
-$1.76M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.74M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.63M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.42M |
| 5 |
NPC
National Planning Corporation
El Segundo,
California
|
-$913K |
MMD Hedge Fund Activity: Q1 2016 in Review
32 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in NYLIM MacKay DefinedTerm Muni Opportunities Fund (MMD) for Q1 2016, worth a combined $55.9M — down 1.7% from $56.9M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of MMD and 3 opened new positions — a net loss of 3 holders — while 10 trimmed existing stakes and 12 added.
The largest buyer was Guggenheim Capital, adding an estimated $2.33M. The largest seller was ArchPoint Investors, cutting an estimated $1.76M.
- 32 institutional investors held NYLIM MacKay DefinedTerm Muni Opportunities Fund (MMD) as of Q1 2016, down from 35 in Q4 2015.
- Funds reported $55.9M of NYLIM MacKay DefinedTerm Muni Opportunities Fund stock for Q1 2016, down 1.7% quarter-over-quarter.
- 3 funds opened new NYLIM MacKay DefinedTerm Muni Opportunities Fund positions in Q1 2016 and 6 closed out, a net change of -3 holders.
- The largest NYLIM MacKay DefinedTerm Muni Opportunities Fund buyer in Q1 2016 was Guggenheim Capital, an estimated $2.33M added.
- The largest NYLIM MacKay DefinedTerm Muni Opportunities Fund seller in Q1 2016 was ArchPoint Investors, an estimated $1.76M sold.
Based on aggregated 13F filings for Q1 2016.