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LEO

BNY Mellon Strategic Municipals
LEO

47 hedge funds and large institutions have $18.7M invested in BNY Mellon Strategic Municipals in 2013 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 16 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 4

0.23% more ownership

Funds ownership: 3.63% → 3.85% (+0.23%)

0% more funds holding

Funds holding: 47 → 47 (0)

2% less capital invested

Capital invested by funds: $19.2M → $18.7M (-$473K)

25% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 16

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
47
Holders Change
–
Holders Change %
0%
% of All Funds
1.52%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
5
Increased
12
Reduced
16
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$1.06M
2
Morgan Stanley
Morgan Stanley
New York
+$935K
3
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$298K
4
N
Nuveen
North Carolina
+$242K
5
1SB
1ST Source Bank
Indiana
+$129K

Top Sellers

Rank Fund Capital Flow
1
U
UBS
Switzerland
-$461K
2
GC
Guggenheim Capital
Illinois
-$399K
3
HIM
Hanlon Investment Management
New Jersey
-$323K
4
Invesco
Invesco
Georgia
-$179K
5
LPL Financial
LPL Financial
California
-$125K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
26
Bank of America
North Carolina
$122K -$38.6K -4,921 -25%
HIM
27
Hanlon Investment Management
New Jersey
$111K -$323K -41,100 -75%
FCCM
28
First City Capital Management
Georgia
$106K – – –
ICOA
29
Investment Centers of America
North Dakota
$103K +$102K +12,998 New
NL
30
NWAM LLC
Washington
$102K +$6.75K +860 +7%
RJT
31
Raymond James Trust
Florida
$100K – – –
SFSIG
32
San Francisco Sentry Investment Group
California
$88K – – –
US Bancorp
33
US Bancorp
Minnesota
$75K +$7.93K +1,010 +12%
Deutsche Bank
34
Deutsche Bank
Germany
$54K – – –
BFEC
35
Benjamin F. Edwards & Company
Missouri
$54K +$46.1K +5,875 +653%
LTFS
36
Ladenburg Thalmann Financial Services
Florida
$53K – – –
Fifth Third Bancorp
37
Fifth Third Bancorp
Ohio
$19K -$636 -81 -3%
Bank of Montreal
38
Bank of Montreal
Ontario, Canada
$15K +$14.9K +1,900 New
FMII
39
Farmers & Merchants Investments Inc
Nebraska
$14K – – –
FAM
40
Formidable Asset Management
Ohio
$10K +$9.8K +1,248 New
Citigroup
41
Citigroup
New York
$8K -$5.83K -742 -44%
Creative Planning
42
Creative Planning
Kansas
$8K – – –
DSC
43
Duncker Streett & Co
Missouri
$6K – – –
MFS
44
MSI Financial Services
Massachusetts
$6K – – –
RFA
45
Reilly Financial Advisors
California
$3K -$4.83K -615 -64%
Northern Trust
46
Northern Trust
Illinois
$1K – – –
EFS
47
Essex Financial Services
Connecticut
$265 +$12.6K +1,600 +5%
DA
48
Doliver Advisors
Texas
– -$115K -13,328 Closed
FAAS
49
First Allied Advisory Services
California
– -$90K -10,446 Closed
TRCT
50
Tower Research Capital (TRC)
New York
– -$17K -2,000 Closed
1
2
3

LEO Hedge Fund Activity: Q3 2013 in Review

47 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q3 2013, worth a combined $18.7M — down 2.5% from $19.2M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new LEO positions and 4 closed out — a net gain of 1 holder — while 12 added to existing stakes and 16 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $1.06M. The largest seller was UBS, cutting an estimated $461K.

  • 47 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q3 2013, unchanged from Q2 2013.
  • Funds reported $18.7M of BNY Mellon Strategic Municipals stock for Q3 2013, down 2.5% quarter-over-quarter.
  • 5 funds opened new BNY Mellon Strategic Municipals positions in Q3 2013 and 4 closed out, a net change of +1 holder.
  • The largest BNY Mellon Strategic Municipals buyer in Q3 2013 was Sit Investment Associates, an estimated $1.06M added.
  • The largest BNY Mellon Strategic Municipals seller in Q3 2013 was UBS, an estimated $461K sold.

Based on aggregated 13F filings for Q3 2013.