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LEO

BNY Mellon Strategic Municipals
LEO

64 hedge funds and large institutions have $21.9M invested in BNY Mellon Strategic Municipals in 2014 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 13 increasing their positions, 17 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

250% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 4

26% more capital invested

Capital invested by funds: $17.4M → $21.9M (+$4.47M)

16% more funds holding

Funds holding: 55 → 64 (+9)

0.97% more ownership

Funds ownership: 3.38% → 4.35% (+0.97%)

24% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 17

Holders
64
Holders Change
+9
Holders Change %
+16.36%
% of All Funds
1.71%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
14
Increased
13
Reduced
17
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
NCM
Newgate Capital Management
Connecticut
+$2.37M
2
Morgan Stanley
Morgan Stanley
New York
+$885K
3
MIG
Mariner Investment Group
New York
+$841K
4
SIA
Sit Investment Associates
Minnesota
+$825K
5
WAM
Wolverine Asset Management
Illinois
+$422K

Top Sellers

Rank Fund Capital Flow
1
AIG
American International Group
New York
-$953K
2
GC
Guggenheim Capital
Illinois
-$824K
3
Creative Planning
Creative Planning
Kansas
-$206K
4
NL
NWAM LLC
Washington
-$149K
5
Invesco
Invesco
Georgia
-$136K
Name Holding Trade Value Shares
Change 		Change in
Stake
SBWM
26
Sunflower Bank Wealth Management
Arizona
$225K – – –
SWP
27
Stratos Wealth Partners
Ohio
$213K +$214K +26,000 New
EFS
28
Essex Financial Services
Connecticut
$207K – – –
PNC Financial Services Group
29
PNC Financial Services Group
Pennsylvania
$198K – – –
YP
30
Yellowstone Partners
Idaho
$197K – – –
DA
31
Doliver Advisors
Texas
$182K +$184K +22,333 New
Royal Bank of Canada
32
Royal Bank of Canada
Ontario, Canada
$174K +$32.8K +3,972 +23%
Janney Montgomery Scott
33
Janney Montgomery Scott
Pennsylvania
$167K +$61K +7,400 +57%
WKWM
34
Walter & Keenan Wealth Management
Indiana
$164K – – –
Cambridge Investment Research Advisors
35
Cambridge Investment Research Advisors
Iowa
$157K -$19.1K -2,320 -11%
FAAS
36
First Allied Advisory Services
California
$155K -$24.7K -3,000 -14%
KeyBank National Association
37
KeyBank National Association
Ohio
$144K – – –
SI
38
SII Investments
Wisconsin
$142K – – –
WA
39
WFG Advisors
Texas
$134K +$7.42K +900 +6%
GC
40
Guggenheim Capital
Illinois
$131K -$824K -99,952 -86%
HIM
41
Hanlon Investment Management
New Jersey
$114K – – –
VKH
42
Virtu KCG Holdings
New York
$109K -$78.3K -9,489 -42%
FCCM
43
First City Capital Management
Georgia
$109K – – –
NL
44
NWAM LLC
Washington
$106K -$149K -18,094 -58%
RJT
45
Raymond James Trust
Florida
$102K – – –
BFEC
46
Benjamin F. Edwards & Company
Missouri
$94K +$2.89K +350 +3%
CL
47
Croft-Leominster
Maryland
$84K -$24.4K -2,963 -22%
KT
48
Kanaly Trust
Texas
$81K – – –
Bank of America
49
Bank of America
North Carolina
$79K -$19.1K -2,314 -19%
US Bancorp
50
US Bancorp
Minnesota
$77K – – –
1
2
3

LEO Hedge Fund Activity: Q4 2014 in Review

64 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q4 2014, worth a combined $21.9M — up 26% from $17.4M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new LEO positions and 4 closed out — a net gain of 10 holders — while 13 added to existing stakes and 17 trimmed.

The largest buyer was Newgate Capital Management, opening a new position worth an estimated $2.37M. The largest seller was American International Group, cutting an estimated $953K.

  • 64 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q4 2014, up from 55 in Q3 2014.
  • Funds reported $21.9M of BNY Mellon Strategic Municipals stock for Q4 2014, up 26% quarter-over-quarter.
  • 14 funds opened new BNY Mellon Strategic Municipals positions in Q4 2014 and 4 closed out, a net change of +10 holders.
  • The largest BNY Mellon Strategic Municipals buyer in Q4 2014 was Newgate Capital Management, an estimated $2.37M added.
  • The largest BNY Mellon Strategic Municipals seller in Q4 2014 was American International Group, an estimated $953K sold.

Based on aggregated 13F filings for Q4 2014.