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LEO

BNY Mellon Strategic Municipals
LEO

53 hedge funds and large institutions have $15.5M invested in BNY Mellon Strategic Municipals in 2013 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 7 increasing their positions, 18 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

86% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 7

13% more funds holding

Funds holding: 47 → 53 (+6)

0.54% less ownership

Funds ownership: 3.85% → 3.32% (-0.54%)

17% less capital invested

Capital invested by funds: $18.7M → $15.5M (-$3.22M)

61% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 18

Holders
53
Holders Change
+6
Holders Change %
+12.77%
% of All Funds
1.54%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
7
Reduced
18
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MIG
Mariner Investment Group
New York
+$593K
2
VKH
Virtu KCG Holdings
New York
+$364K
3
SG Americas Securities
SG Americas Securities
New York
+$327K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$172K
5
WAM
Weiss Asset Management
Massachusetts
+$122K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$2.82M
2
SIA
Sit Investment Associates
Minnesota
-$1.11M
3
U
UBS
Switzerland
-$770K
4
DLG
Daniel L. Goodwin
-$430K
5
GC
Guggenheim Capital
Illinois
-$337K
Name Holding Trade Value Shares
Change 		Change in
Stake
Susquehanna International Group
26
Susquehanna International Group
Pennsylvania
$170K +$172K +22,328 New
Janney Montgomery Scott
27
Janney Montgomery Scott
Pennsylvania
$158K -$132K -17,168 -45%
Royal Bank of Canada
28
Royal Bank of Canada
Ontario, Canada
$142K -$308 -40 -0.2%
1SB
29
1ST Source Bank
Indiana
$125K – – –
WAM
30
Weiss Asset Management
Massachusetts
$121K +$122K +15,895 New
WA
31
WFG Advisors
Texas
$118K – – –
HIM
32
Hanlon Investment Management
New Jersey
$106K – – –
ICOA
33
Investment Centers of America
North Dakota
$103K – – –
FCCM
34
First City Capital Management
Georgia
$101K – – –
NL
35
NWAM LLC
Washington
$99K +$1.96K +254 +2%
Bank of America
36
Bank of America
North Carolina
$98K -$17.2K -2,241 -15%
RJT
37
Raymond James Trust
Florida
$95K – – –
KeyBank National Association
38
KeyBank National Association
Ohio
$87K -$38.6K -5,014 -30%
Citadel Advisors
39
Citadel Advisors
Florida
$77K +$77.7K +10,101 New
KT
40
Kanaly Trust
Texas
$75K +$76.3K +9,914 New
US Bancorp
41
US Bancorp
Minnesota
$71K – – –
BFEC
42
Benjamin F. Edwards & Company
Missouri
$52K +$770 +100 +1%
Deutsche Bank
43
Deutsche Bank
Germany
$25K -$26K -3,381 -50%
Ameriprise
44
Ameriprise
Minnesota
$21K +$20.9K +2,710 New
FMII
45
Farmers & Merchants Investments Inc
Nebraska
$14K – – –
AIG
46
American International Group
New York
$12K +$12.2K +1,584 New
Creative Planning
47
Creative Planning
Kansas
$12K +$4.54K +590 +57%
FAM
48
Formidable Asset Management
Ohio
$10K – – –
Citigroup
49
Citigroup
New York
$10K +$3.7K +481 +50%
MFS
50
MSI Financial Services
Massachusetts
$6K – – –
1
2
3

LEO Hedge Fund Activity: Q4 2013 in Review

53 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q4 2013, worth a combined $15.5M — down 17% from $18.7M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new LEO positions and 7 closed out — a net gain of 6 holders — while 7 added to existing stakes and 18 trimmed.

The largest buyer was Mariner Investment Group, opening a new position worth an estimated $593K. The largest seller was Morgan Stanley, cutting an estimated $2.82M.

  • 53 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q4 2013, up from 47 in Q3 2013.
  • Funds reported $15.5M of BNY Mellon Strategic Municipals stock for Q4 2013, down 17% quarter-over-quarter.
  • 13 funds opened new BNY Mellon Strategic Municipals positions in Q4 2013 and 7 closed out, a net change of +6 holders.
  • The largest BNY Mellon Strategic Municipals buyer in Q4 2013 was Mariner Investment Group, an estimated $593K added.
  • The largest BNY Mellon Strategic Municipals seller in Q4 2013 was Morgan Stanley, an estimated $2.82M sold.

Based on aggregated 13F filings for Q4 2013.