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MMD

MainStay MacKay DefinedTerm Municipal Opportunities Fund
MMD

61 hedge funds and large institutions have $57.9M invested in MainStay MacKay DefinedTerm Municipal Opportunities Fund in 2024 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 10 increasing their positions, 23 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 22

5% less funds holding

Funds holding: 64 → 61 (-3)

12.46% less ownership

Funds ownership: 26.32% → 13.85% (-12%)

53% less capital invested

Capital invested by funds: $124M → $57.9M (-$66.3M)

57% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 23

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
61
Holders Change
-3
Holders Change %
-4.69%
% of All Funds
0.8%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
21
Increased
10
Reduced
23
Closed
22
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HWAM
Hennion & Walsh Asset Management
New Jersey
+$1.94M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$1.5M
3
PAS
Park Avenue Securities
New York
+$1.41M
4
LSC
Logan Stone Capital
Illinois
+$1.33M
5
RAM
Readystate Asset Management
Illinois
+$1.32M

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$19.5M
2
Jane Street
Jane Street
New York
-$11M
3
AC
Almitas Capital
California
-$9.89M
4
Bank of America
Bank of America
North Carolina
-$6.95M
5
Morgan Stanley
Morgan Stanley
New York
-$4.42M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$8.07M -$4.42M -273,452 -34%
Bank of America
2
Bank of America
North Carolina
$4.6M -$6.95M -429,743 -58%
Wells Fargo
3
Wells Fargo
California
$3.56M -$156K -9,679 -4%
Raymond James Financial
4
Raymond James Financial
Florida
$3.31M +$3.58M +221,712 New
COLIM
5
City of London Investment Management
United Kingdom
$3M -$970K -59,986 -23%
Ameriprise
6
Ameriprise
Minnesota
$2.54M -$2.01M -124,139 -42%
UBS Group
7
UBS Group
Switzerland
$2.49M +$829K +51,287 +44%
Royal Bank of Canada
8
Royal Bank of Canada
Ontario, Canada
$2.16M +$79.7K +4,932 +4%
NA
9
NewEdge Advisors
Louisiana
$1.99M +$578K +35,743 +37%
HWAM
10
Hennion & Walsh Asset Management
New Jersey
$1.79M +$1.94M +119,911 New
Envestnet Asset Management
11
Envestnet Asset Management
Illinois
$1.38M +$1.5M +92,647 New
IA
12
Intellus Advisors
Florida
$1.34M +$1.45M +89,443 New
PMG
13
ProVise Management Group
Florida
$1.33M +$54.6K +3,378 +4%
AAM
14
Advisors Asset Management
Colorado
$1.31M -$573K -35,426 -29%
PAS
15
Park Avenue Securities
New York
$1.3M +$1.41M +87,242 New
LSC
16
Logan Stone Capital
Illinois
$1.22M +$1.33M +82,017 New
RAM
17
Readystate Asset Management
Illinois
$1.21M +$1.32M +81,363 New
LPL Financial
18
LPL Financial
California
$1.18M -$1.7M -104,993 -57%
SP
19
Stonebrook Private
Michigan
$1.13M -$12.6K -782 -1%
TJHA
20
Thomas J. Herzfeld Advisors
Florida
$841K +$910K +56,328 New
XF
21
XML Financial
Maryland
$710K -$1.4M -86,526 -65%
Stifel Financial
22
Stifel Financial
Missouri
$625K -$108K -6,685 -14%
NWMP
23
Noble Wealth Management PBC
Colorado
$597K +$647K +40,000 New
SFWA
24
Summit Financial Wealth Advisors
Louisiana
$536K -$112K -6,921 -17%
EH
25
Equitable Holdings
New York
$528K +$18K +1,115 +3%
1
2 3 4

MMD Hedge Fund Activity: Q4 2024 in Review

61 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) for Q4 2024, worth a combined $57.9M — down 53% from $124M a quarter earlier.

Sellers outnumbered buyers: 22 funds closed out of MMD and 21 opened new positions — a net loss of 1 holder — while 23 trimmed existing stakes and 10 added.

The largest buyer was Hennion & Walsh Asset Management, opening a new position worth an estimated $1.94M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $19.5M sold.

  • 61 institutional investors held MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) as of Q4 2024, down from 64 in Q3 2024.
  • Funds reported $57.9M of MainStay MacKay DefinedTerm Municipal Opportunities Fund stock for Q4 2024, down 53% quarter-over-quarter.
  • 21 funds opened new MainStay MacKay DefinedTerm Municipal Opportunities Fund positions in Q4 2024 and 22 closed out, a net change of -1 holder.
  • The largest MainStay MacKay DefinedTerm Municipal Opportunities Fund buyer in Q4 2024 was Hennion & Walsh Asset Management, an estimated $1.94M added.
  • The largest MainStay MacKay DefinedTerm Municipal Opportunities Fund seller in Q4 2024 was Sit Investment Associates, an estimated $19.5M sold.

Based on aggregated 13F filings for Q4 2024.