NYLIM MacKay DefinedTerm Muni Opportunities Fund
MMD
76 hedge funds and large institutions have $85.5M invested in NYLIM MacKay DefinedTerm Muni Opportunities Fund in 2025 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 22 increasing their positions, 20 reducing their positions, and 6 closing their positions.
217% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 6
21% more funds holding
Funds holding: 63 → 76 (+13)
19% more capital invested
Capital invested by funds: $71.8M → $85.5M (+$13.8M)
10% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 20
5.37% more ownership
Funds ownership: 25.26% → 30.63% (+5.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$5.7M |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$1.46M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.32M |
| 4 |
Pathstone Holdings
Englewood,
New Jersey
|
+$1.04M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$940K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.06M |
| 2 |
LPL Financial
San Diego,
California
|
-$1.06M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$379K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$337K |
| 5 |
GJWM
Gilliland Jeter Wealth Management
Little Rock,
Arkansas
|
-$245K |
MMD Hedge Fund Activity: Q4 2025 in Review
76 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in NYLIM MacKay DefinedTerm Muni Opportunities Fund (MMD) for Q4 2025, worth a combined $85.5M — up 19% from $71.8M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new MMD positions and 6 closed out — a net gain of 13 holders — while 22 added to existing stakes and 20 trimmed.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $5.7M. The largest seller was Morgan Stanley, cutting an estimated $1.06M.
- 76 institutional investors held NYLIM MacKay DefinedTerm Muni Opportunities Fund (MMD) as of Q4 2025, up from 63 in Q3 2025.
- Funds reported $85.5M of NYLIM MacKay DefinedTerm Muni Opportunities Fund stock for Q4 2025, up 19% quarter-over-quarter.
- 19 funds opened new NYLIM MacKay DefinedTerm Muni Opportunities Fund positions in Q4 2025 and 6 closed out, a net change of +13 holders.
- The largest NYLIM MacKay DefinedTerm Muni Opportunities Fund buyer in Q4 2025 was Robinson Capital Management, an estimated $5.7M added.
- The largest NYLIM MacKay DefinedTerm Muni Opportunities Fund seller in Q4 2025 was Morgan Stanley, an estimated $1.06M sold.
Based on aggregated 13F filings for Q4 2025.