MainStay MacKay DefinedTerm Municipal Opportunities Fund
MMD
65 hedge funds and large institutions have $65.5M invested in MainStay MacKay DefinedTerm Municipal Opportunities Fund in 2025 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 25 increasing their positions, 20 reducing their positions, and 9 closing their positions.
44% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 9
25% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 20
13% more capital invested
Capital invested by funds: $57.9M → $65.5M (+$7.56M)
7% more funds holding
Funds holding: 61 → 65 (+4)
1.55% more ownership
Funds ownership: 13.85% → 15.41% (+1.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$3.67M |
| 2 |
Raymond James Financial
St Petersburg,
Florida
|
+$2.62M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.6M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$938K |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$614K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$2.12M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$1.4M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$944K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$813K |
| 5 |
MG
Marex Group
London,
|
-$488K |
MMD Hedge Fund Activity: Q1 2025 in Review
65 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) for Q1 2025, worth a combined $65.5M — up 13% from $57.9M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new MMD positions and 9 closed out — a net gain of 4 holders — while 25 added to existing stakes and 20 trimmed.
The largest buyer was Hennion & Walsh Asset Management, adding an estimated $3.67M. The largest seller was Ameriprise, cutting an estimated $2.12M.
- 65 institutional investors held MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) as of Q1 2025, up from 61 in Q4 2024.
- Funds reported $65.5M of MainStay MacKay DefinedTerm Municipal Opportunities Fund stock for Q1 2025, up 13% quarter-over-quarter.
- 13 funds opened new MainStay MacKay DefinedTerm Municipal Opportunities Fund positions in Q1 2025 and 9 closed out, a net change of +4 holders.
- The largest MainStay MacKay DefinedTerm Municipal Opportunities Fund buyer in Q1 2025 was Hennion & Walsh Asset Management, an estimated $3.67M added.
- The largest MainStay MacKay DefinedTerm Municipal Opportunities Fund seller in Q1 2025 was Ameriprise, an estimated $2.12M sold.
Based on aggregated 13F filings for Q1 2025.