NYLIM MacKay DefinedTerm Muni Opportunities Fund
MMD
40 hedge funds and large institutions have $91.2M invested in NYLIM MacKay DefinedTerm Muni Opportunities Fund in 2020 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 22 increasing their positions, 7 reducing their positions, and 5 closing their positions.
214% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 7
14% more capital invested
Capital invested by funds: $80.1M → $91.2M (+$11.1M)
1.12% more ownership
Funds ownership: 15.1% → 16.22% (+1.1%)
2% less funds holding
Funds holding: 41 → 40 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$3.26M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.25M |
| 3 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$865K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$806K |
| 5 |
Morgan Stanley
New York
|
+$695K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UR
USCA RIA
Houston,
Texas
|
-$1.06M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$726K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$391K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$292K |
| 5 |
LPL Financial
San Diego,
California
|
-$257K |
MMD Hedge Fund Activity: Q2 2020 in Review
40 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in NYLIM MacKay DefinedTerm Muni Opportunities Fund (MMD) for Q2 2020, worth a combined $91.2M — up 14% from $80.1M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of MMD and 4 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 22 added.
The largest buyer was Raymond James Financial Services Advisors, opening a new position worth an estimated $3.26M. The largest seller was USCA RIA, cutting an estimated $1.06M.
- 40 institutional investors held NYLIM MacKay DefinedTerm Muni Opportunities Fund (MMD) as of Q2 2020, down from 41 in Q1 2020.
- Funds reported $91.2M of NYLIM MacKay DefinedTerm Muni Opportunities Fund stock for Q2 2020, up 14% quarter-over-quarter.
- 4 funds opened new NYLIM MacKay DefinedTerm Muni Opportunities Fund positions in Q2 2020 and 5 closed out, a net change of -1 holder.
- The largest NYLIM MacKay DefinedTerm Muni Opportunities Fund buyer in Q2 2020 was Raymond James Financial Services Advisors, an estimated $3.26M added.
- The largest NYLIM MacKay DefinedTerm Muni Opportunities Fund seller in Q2 2020 was USCA RIA, an estimated $1.06M sold.
Based on aggregated 13F filings for Q2 2020.