NYLIM MacKay DefinedTerm Muni Opportunities Fund
MMD
40 hedge funds and large institutions have $123M invested in NYLIM MacKay DefinedTerm Muni Opportunities Fund in 2017 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 17 increasing their positions, 8 reducing their positions, and 2 closing their positions.
250% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 2
113% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 8
89% more capital invested
Capital invested by funds: $65.2M → $123M (+$57.8M)
11% more funds holding
Funds holding: 36 → 40 (+4)
5.46% more ownership
Funds ownership: 12.93% → 18.39% (+5.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Credit Agricole
Montrouge Cedex,
France
|
+$24.9M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.21M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$905K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$824K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$668K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.42M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$893K |
| 3 |
SG Americas Securities
New York
|
-$404K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
-$339K |
| 5 |
Squarepoint
New York
|
-$265K |
MMD Hedge Fund Activity: Q1 2017 in Review
40 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in NYLIM MacKay DefinedTerm Muni Opportunities Fund (MMD) for Q1 2017, worth a combined $123M — up 89% from $65.2M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new MMD positions and 2 closed out — a net gain of 5 holders — while 17 added to existing stakes and 8 trimmed.
The largest buyer was Credit Agricole, opening a new position worth an estimated $24.9M. The largest seller was Robinson Capital Management, cutting an estimated $1.42M.
- 40 institutional investors held NYLIM MacKay DefinedTerm Muni Opportunities Fund (MMD) as of Q1 2017, up from 36 in Q4 2016.
- Funds reported $123M of NYLIM MacKay DefinedTerm Muni Opportunities Fund stock for Q1 2017, up 89% quarter-over-quarter.
- 7 funds opened new NYLIM MacKay DefinedTerm Muni Opportunities Fund positions in Q1 2017 and 2 closed out, a net change of +5 holders.
- The largest NYLIM MacKay DefinedTerm Muni Opportunities Fund buyer in Q1 2017 was Credit Agricole, an estimated $24.9M added.
- The largest NYLIM MacKay DefinedTerm Muni Opportunities Fund seller in Q1 2017 was Robinson Capital Management, an estimated $1.42M sold.
Based on aggregated 13F filings for Q1 2017.