NYLIM MacKay DefinedTerm Muni Opportunities Fund
MMD
41 hedge funds and large institutions have $73.3M invested in NYLIM MacKay DefinedTerm Muni Opportunities Fund in 2018 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 16 increasing their positions, 11 reducing their positions, and 5 closing their positions.
45% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 11
0.36% more ownership
Funds ownership: 13.78% → 14.14% (+0.36%)
3% less capital invested
Capital invested by funds: $75.6M → $73.3M (-$2.23M)
5% less funds holding
Funds holding: 43 → 41 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.74M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$874K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$399K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$361K |
| 5 |
LCM
Laurion Capital Management
New York
|
+$356K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$705K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$397K |
| 3 |
TPWA
TRUE Private Wealth Advisors
Salem,
Oregon
|
-$394K |
| 4 |
CA
Cetera Advisors
Denver,
Colorado
|
-$314K |
| 5 |
PCG
Private Capital Group
West Hartford,
Connecticut
|
-$258K |
MMD Hedge Fund Activity: Q1 2018 in Review
41 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in NYLIM MacKay DefinedTerm Muni Opportunities Fund (MMD) for Q1 2018, worth a combined $73.3M — down 3% from $75.6M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of MMD and 3 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 16 added.
The largest buyer was Morgan Stanley, adding an estimated $1.74M. The largest seller was Advisors Asset Management, cutting an estimated $705K.
- 41 institutional investors held NYLIM MacKay DefinedTerm Muni Opportunities Fund (MMD) as of Q1 2018, down from 43 in Q4 2017.
- Funds reported $73.3M of NYLIM MacKay DefinedTerm Muni Opportunities Fund stock for Q1 2018, down 3% quarter-over-quarter.
- 3 funds opened new NYLIM MacKay DefinedTerm Muni Opportunities Fund positions in Q1 2018 and 5 closed out, a net change of -2 holders.
- The largest NYLIM MacKay DefinedTerm Muni Opportunities Fund buyer in Q1 2018 was Morgan Stanley, an estimated $1.74M added.
- The largest NYLIM MacKay DefinedTerm Muni Opportunities Fund seller in Q1 2018 was Advisors Asset Management, an estimated $705K sold.
Based on aggregated 13F filings for Q1 2018.