NYLIM MacKay DefinedTerm Muni Opportunities Fund
MMD
72 hedge funds and large institutions have $110M invested in NYLIM MacKay DefinedTerm Muni Opportunities Fund in 2023 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 12 increasing their positions, 32 reducing their positions, and 5 closing their positions.
280% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 5
22% more funds holding
Funds holding: 59 → 72 (+13)
14% more capital invested
Capital invested by funds: $96.1M → $110M (+$13.7M)
2.52% more ownership
Funds ownership: 21.62% → 24.14% (+2.5%)
63% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 32
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$6.78M |
| 2 |
AC
Almitas Capital
Santa Monica,
California
|
+$4.58M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$3.29M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.43M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$931K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$3.09M |
| 2 |
XF
XML Financial
Bethesda,
Maryland
|
-$1.9M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.14M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.04M |
| 5 |
LPL Financial
San Diego,
California
|
-$774K |
MMD Hedge Fund Activity: Q4 2023 in Review
72 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in NYLIM MacKay DefinedTerm Muni Opportunities Fund (MMD) for Q4 2023, worth a combined $110M — up 14% from $96.1M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new MMD positions and 5 closed out — a net gain of 14 holders — while 12 added to existing stakes and 32 trimmed.
The largest buyer was Sit Investment Associates, opening a new position worth an estimated $6.78M. The largest seller was Morgan Stanley, cutting an estimated $3.09M.
- 72 institutional investors held NYLIM MacKay DefinedTerm Muni Opportunities Fund (MMD) as of Q4 2023, up from 59 in Q3 2023.
- Funds reported $110M of NYLIM MacKay DefinedTerm Muni Opportunities Fund stock for Q4 2023, up 14% quarter-over-quarter.
- 19 funds opened new NYLIM MacKay DefinedTerm Muni Opportunities Fund positions in Q4 2023 and 5 closed out, a net change of +14 holders.
- The largest NYLIM MacKay DefinedTerm Muni Opportunities Fund buyer in Q4 2023 was Sit Investment Associates, an estimated $6.78M added.
- The largest NYLIM MacKay DefinedTerm Muni Opportunities Fund seller in Q4 2023 was Morgan Stanley, an estimated $3.09M sold.
Based on aggregated 13F filings for Q4 2023.