NYLIM MacKay DefinedTerm Muni Opportunities Fund
MMD
39 hedge funds and large institutions have $74.4M invested in NYLIM MacKay DefinedTerm Muni Opportunities Fund in 2017 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 8 reducing their positions, and 5 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 8
3% less funds holding
Funds holding: 40 → 39 (-1)
4.67% less ownership
Funds ownership: 18.39% → 13.72% (-4.7%)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
40% less capital invested
Capital invested by funds: $123M → $74.4M (-$48.6M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$927K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$790K |
| 3 |
Morgan Stanley
New York
|
+$715K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$383K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$284K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Credit Agricole
Montrouge Cedex,
France
|
-$50.8M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.49M |
| 3 |
AI
ArchPoint Investors
Coral Gables,
Florida
|
-$555K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$525K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$402K |
MMD Hedge Fund Activity: Q2 2017 in Review
39 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in NYLIM MacKay DefinedTerm Muni Opportunities Fund (MMD) for Q2 2017, worth a combined $74.4M — down 40% from $123M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of MMD and 4 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 16 added.
The largest buyer was Invesco, adding an estimated $927K. The largest seller was Credit Agricole, exiting entirely with an estimated $50.8M sold.
- 39 institutional investors held NYLIM MacKay DefinedTerm Muni Opportunities Fund (MMD) as of Q2 2017, down from 40 in Q1 2017.
- Funds reported $74.4M of NYLIM MacKay DefinedTerm Muni Opportunities Fund stock for Q2 2017, down 40% quarter-over-quarter.
- 4 funds opened new NYLIM MacKay DefinedTerm Muni Opportunities Fund positions in Q2 2017 and 5 closed out, a net change of -1 holder.
- The largest NYLIM MacKay DefinedTerm Muni Opportunities Fund buyer in Q2 2017 was Invesco, an estimated $927K added.
- The largest NYLIM MacKay DefinedTerm Muni Opportunities Fund seller in Q2 2017 was Credit Agricole, an estimated $50.8M sold.
Based on aggregated 13F filings for Q2 2017.