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MMD

MainStay MacKay DefinedTerm Municipal Opportunities Fund
MMD

60 hedge funds and large institutions have $67.6M invested in MainStay MacKay DefinedTerm Municipal Opportunities Fund in 2025 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 22 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% more capital invested

Capital invested by funds: $65.5M → $67.6M (+$2.08M)

0.95% more ownership

Funds ownership: 15.41% → 16.36% (+0.95%)

9% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 22

8% less funds holding

Funds holding: 65 → 60 (-5)

33% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 9

Holders
60
Holders Change
-5
Holders Change %
-7.69%
% of All Funds
0.79%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
20
Reduced
22
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$2.38M
2
HWAM
Hennion & Walsh Asset Management
New Jersey
+$1.77M
3
Raymond James Financial
Raymond James Financial
Florida
+$1.58M
4
WA
Whipplewood Advisors
Colorado
+$702K
5
GEM
Global Endowment Management
North Carolina
+$437K

Top Sellers

Rank Fund Capital Flow
1
RAM
Readystate Asset Management
Illinois
-$836K
2
LSC
Logan Stone Capital
Illinois
-$801K
3
AAM
Advisors Asset Management
Colorado
-$396K
4
Wells Fargo
Wells Fargo
California
-$379K
5
Pathstone Holdings
Pathstone Holdings
New Jersey
-$363K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$8.44M +$33.7K +2,313 +0.4%
Raymond James Financial
2
Raymond James Financial
Florida
$7.42M +$1.58M +108,288 +28%
HWAM
3
Hennion & Walsh Asset Management
New Jersey
$7.12M +$1.77M +121,741 +34%
Bank of America
4
Bank of America
North Carolina
$4.83M +$198K +13,581 +4%
GC
5
Guggenheim Capital
Illinois
$4.31M +$2.38M +163,614 +128%
Wells Fargo
6
Wells Fargo
California
$4.05M -$379K -26,034 -9%
Royal Bank of Canada
7
Royal Bank of Canada
Ontario, Canada
$2.39M -$8.76K -601 -0.4%
NA
8
NewEdge Advisors
Louisiana
$2M +$48.9K +3,357 +3%
LPL Financial
9
LPL Financial
California
$1.75M -$3.48K -239 -0.2%
Envestnet Asset Management
10
Envestnet Asset Management
Illinois
$1.7M +$272K +18,687 +19%
UBS Group
11
UBS Group
Switzerland
$1.56M -$113K -7,780 -7%
PAS
12
Park Avenue Securities
New York
$1.54M +$238K +16,341 +19%
TJHA
13
Thomas J. Herzfeld Advisors
Florida
$1.43M +$360K +24,685 +34%
IA
14
Intellus Advisors
Florida
$1.34M +$32.8K +2,248 +3%
PMG
15
ProVise Management Group
Florida
$1.32M -$36.8K -2,526 -3%
COLIM
16
City of London Investment Management
United Kingdom
$1.29M -$326K -22,347 -20%
SP
17
Stonebrook Private
Michigan
$895K -$34.8K -2,385 -4%
WA
18
Whipplewood Advisors
Colorado
$716K +$702K +48,154 +21,120%
LCM
19
Landscape Capital Management
New Jersey
$680K -$105K -7,207 -14%
Stifel Financial
20
Stifel Financial
Missouri
$646K +$66.5K +4,560 +12%
AQR Capital Management
21
AQR Capital Management
Connecticut
$600K +$4.85K +333 +0.8%
Mercer Global Advisors
22
Mercer Global Advisors
Colorado
$600K +$4.85K +333 +0.8%
XF
23
XML Financial
Maryland
$568K – – –
WAM
24
Wolverine Asset Management
Illinois
$545K +$354K +24,308 +193%
ACA
25
Ackerman Capital Advisors
Texas
$517K +$48.5K +3,328 +11%
1
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MMD Hedge Fund Activity: Q2 2025 in Review

60 of the 7,598 institutional investors tracked by Wall St. Rank reported a position in MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) for Q2 2025, worth a combined $67.6M — up 3.2% from $65.5M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of MMD and 6 opened new positions — a net loss of 3 holders — while 22 trimmed existing stakes and 20 added.

The largest buyer was Guggenheim Capital, adding an estimated $2.38M. The largest seller was Readystate Asset Management, exiting entirely with an estimated $836K sold.

  • 60 institutional investors held MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) as of Q2 2025, down from 65 in Q1 2025.
  • Funds reported $67.6M of MainStay MacKay DefinedTerm Municipal Opportunities Fund stock for Q2 2025, up 3.2% quarter-over-quarter.
  • 6 funds opened new MainStay MacKay DefinedTerm Municipal Opportunities Fund positions in Q2 2025 and 9 closed out, a net change of -3 holders.
  • The largest MainStay MacKay DefinedTerm Municipal Opportunities Fund buyer in Q2 2025 was Guggenheim Capital, an estimated $2.38M added.
  • The largest MainStay MacKay DefinedTerm Municipal Opportunities Fund seller in Q2 2025 was Readystate Asset Management, an estimated $836K sold.

Based on aggregated 13F filings for Q2 2025.