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LEO

BNY Mellon Strategic Municipals
LEO

51 hedge funds and large institutions have $15.2M invested in BNY Mellon Strategic Municipals in 2014 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 17 increasing their positions, 11 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

55% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 11

0.27% less ownership

Funds ownership: 3.32% → 3.05% (-0.27%)

2% less capital invested

Capital invested by funds: $15.5M → $15.2M (-$332K)

4% less funds holding

Funds holding: 53 → 51 (-2)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

Holders
51
Holders Change
-2
Holders Change %
-3.77%
% of All Funds
1.47%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
17
Reduced
11
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
DLG
Daniel L. Goodwin
+$484K
2
Morgan Stanley
Morgan Stanley
New York
+$281K
3
U
UBS
Switzerland
+$268K
4
Wells Fargo
Wells Fargo
California
+$195K
5
RJA
Raymond James & Associates
Florida
+$175K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$1.63M
2
MIG
Mariner Investment Group
New York
-$586K
3
VKH
Virtu KCG Holdings
New York
-$360K
4
SG Americas Securities
SG Americas Securities
New York
-$323K
5
GC
Guggenheim Capital
Illinois
-$170K
Name Holding Trade Value Shares
Change 		Change in
Stake
Cambridge Investment Research Advisors
26
Cambridge Investment Research Advisors
Iowa
$168K +$166K +20,770 New
Janney Montgomery Scott
27
Janney Montgomery Scott
Pennsylvania
$167K -$2.2K -275 -1%
WKWM
28
Walter & Keenan Wealth Management
Indiana
$162K +$160K +20,000 New
KeyBank National Association
29
KeyBank National Association
Ohio
$143K +$49K +6,140 +54%
1SB
30
1ST Source Bank
Indiana
$133K – – –
WA
31
WFG Advisors
Texas
$126K – – –
HIM
32
Hanlon Investment Management
New Jersey
$113K – – –
FCCM
33
First City Capital Management
Georgia
$107K – – –
Bank of America
34
Bank of America
North Carolina
$103K -$1.96K -245 -2%
ICOA
35
Investment Centers of America
North Dakota
$103K – – –
RJT
36
Raymond James Trust
Florida
$101K – – –
KT
37
Kanaly Trust
Texas
$80K – – –
US Bancorp
38
US Bancorp
Minnesota
$76K – – –
BFEC
39
Benjamin F. Edwards & Company
Missouri
$56K – – –
WAM
40
Wolverine Asset Management
Illinois
$42K +$42.2K +5,286 New
Citigroup
41
Citigroup
New York
$36K +$24.1K +3,015 +209%
Deutsche Bank
42
Deutsche Bank
Germany
$27K – – –
Ameriprise
43
Ameriprise
Minnesota
$22K – – –
AIG
44
American International Group
New York
$16.1K +$3.19K +400 +25%
FMII
45
Farmers & Merchants Investments Inc
Nebraska
$15K – – –
FAM
46
Formidable Asset Management
Ohio
$10K – – –
MFS
47
MSI Financial Services
Massachusetts
$4K -$1.84K -230 -31%
TRCT
48
Tower Research Capital (TRC)
New York
$4K +$1.66K +208 +71%
RFA
49
Reilly Financial Advisors
California
$3K – – –
Creative Planning
50
Creative Planning
Kansas
$1K -$12.2K -1,532 -94%
1
2
3

LEO Hedge Fund Activity: Q1 2014 in Review

51 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q1 2014, worth a combined $15.2M — down 2.1% from $15.5M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of LEO and 4 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 17 added.

The largest buyer was Daniel L. Goodwin, opening a new position worth an estimated $484K. The largest seller was Sit Investment Associates, cutting an estimated $1.63M.

  • 51 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q1 2014, down from 53 in Q4 2013.
  • Funds reported $15.2M of BNY Mellon Strategic Municipals stock for Q1 2014, down 2.1% quarter-over-quarter.
  • 4 funds opened new BNY Mellon Strategic Municipals positions in Q1 2014 and 6 closed out, a net change of -2 holders.
  • The largest BNY Mellon Strategic Municipals buyer in Q1 2014 was Daniel L. Goodwin, an estimated $484K added.
  • The largest BNY Mellon Strategic Municipals seller in Q1 2014 was Sit Investment Associates, an estimated $1.63M sold.

Based on aggregated 13F filings for Q1 2014.