NYLIM MacKay DefinedTerm Muni Opportunities Fund
MMD
43 hedge funds and large institutions have $79.8M invested in NYLIM MacKay DefinedTerm Muni Opportunities Fund in 2018 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 18 increasing their positions, 10 reducing their positions, and 3 closing their positions.
80% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 10
5% more capital invested
Capital invested by funds: $76.3M → $79.8M (+$3.49M)
0.46% more ownership
Funds ownership: 14.29% → 14.75% (+0.46%)
2% less funds holding
Funds holding: 44 → 43 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.28M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$839K |
| 3 |
RIA
Regal Investment Advisors
Kentwood,
Michigan
|
+$569K |
| 4 |
Morgan Stanley
New York
|
+$354K |
| 5 |
DDPIC
Deroy & Devereaux Private Investment Counsel
Bloomfield Hills,
Michigan
|
+$275K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$789K |
| 2 |
Invesco
Atlanta,
Georgia
|
-$430K |
| 3 |
HCM
Harvest Capital Management
Concord,
New Hampshire
|
-$339K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$208K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$182K |
MMD Hedge Fund Activity: Q3 2018 in Review
43 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in NYLIM MacKay DefinedTerm Muni Opportunities Fund (MMD) for Q3 2018, worth a combined $79.8M — up 4.6% from $76.3M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of MMD and 2 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 18 added.
The largest buyer was Bank of America, adding an estimated $1.28M. The largest seller was Advisors Asset Management, cutting an estimated $789K.
- 43 institutional investors held NYLIM MacKay DefinedTerm Muni Opportunities Fund (MMD) as of Q3 2018, down from 44 in Q2 2018.
- Funds reported $79.8M of NYLIM MacKay DefinedTerm Muni Opportunities Fund stock for Q3 2018, up 4.6% quarter-over-quarter.
- 2 funds opened new NYLIM MacKay DefinedTerm Muni Opportunities Fund positions in Q3 2018 and 3 closed out, a net change of -1 holder.
- The largest NYLIM MacKay DefinedTerm Muni Opportunities Fund buyer in Q3 2018 was Bank of America, an estimated $1.28M added.
- The largest NYLIM MacKay DefinedTerm Muni Opportunities Fund seller in Q3 2018 was Advisors Asset Management, an estimated $789K sold.
Based on aggregated 13F filings for Q3 2018.