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LEO

BNY Mellon Strategic Municipals
LEO

60 hedge funds and large institutions have $32M invested in BNY Mellon Strategic Municipals in 2016 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 23 increasing their positions, 10 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

130% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 10

18% more capital invested

Capital invested by funds: $27.1M → $32M (+$4.96M)

0.67% more ownership

Funds ownership: 5.23% → 5.89% (+0.67%)

9% less funds holding

Funds holding: 66 → 60 (-6)

75% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 8

Holders
60
Holders Change
-6
Holders Change %
-9.09%
% of All Funds
1.6%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
2
Increased
23
Reduced
10
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$2.17M
2
ITIM
Indiana Trust & Investment Management
Indiana
+$1.88M
3
AAM
Advisors Asset Management
Colorado
+$666K
4
UBS Group
UBS Group
Switzerland
+$650K
5
Baird Financial Group
Baird Financial Group
Wisconsin
+$282K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.29M
2
BW
Bison Wealth
Georgia
-$412K
3
SIA
Sit Investment Associates
Minnesota
-$347K
4
CS
Credit Suisse
Switzerland
-$256K
5
MIM
Macroview Investment Management
Maryland
-$251K
Name Holding Trade Value Shares
Change 		Change in
Stake
PNC Financial Services Group
26
PNC Financial Services Group
Pennsylvania
$240K +$8.94K +1,022 +4%
Royal Bank of Canada
27
Royal Bank of Canada
Ontario, Canada
$232K +$20.5K +2,346 +10%
Bank of America
28
Bank of America
North Carolina
$224K -$45.1K -5,164 -17%
YP
29
Yellowstone Partners
Idaho
$215K – – –
SIA
30
SeaBridge Investment Advisors
New Jersey
$213K +$21K +2,400 +11%
KeyBank National Association
31
KeyBank National Association
Ohio
$208K – – –
WKWM
32
Walter & Keenan Wealth Management
Indiana
$179K – – –
EFS
33
Essex Financial Services
Connecticut
$178K – – –
FAAS
34
First Allied Advisory Services
California
$174K +$41.1K +4,700 +32%
CA
35
Cetera Advisors
Colorado
$165K +$161K +18,400 New
CAN
36
Cetera Advisor Networks
California
$148K – – –
MFS
37
MSI Financial Services
Massachusetts
$132K +$38.3K +4,383 +42%
CWM
38
Concert Wealth Management
California
$131K +$822 +94 +0.6%
NFG
39
Next Financial Group
Texas
$128K +$51.5K +5,891 +70%
HIM
40
Hanlon Investment Management
New Jersey
$125K – – –
Cambridge Investment Research Advisors
41
Cambridge Investment Research Advisors
Iowa
$122K -$8.62K -986 -7%
FCCM
42
First City Capital Management
Georgia
$119K – – –
SI
43
SII Investments
Wisconsin
$118K – – –
NL
44
NWAM LLC
Washington
$117K – – –
UCFA
45
United Capital Financial Advisors
Texas
$107K -$7.28K -833 -7%
VKH
46
Virtu KCG Holdings
New York
$103K -$246K -28,185 -71%
LTFS
47
Ladenburg Thalmann Financial Services
Florida
$96K +$14.2K +1,620 +18%
Creative Planning
48
Creative Planning
Kansas
$91K +$87.4K +10,000 +10,000%
KT
49
Kanaly Trust
Texas
$89K – – –
RPG
50
Risk Paradigm Group
Texas
$35.9K – – –
1
2
3

LEO Hedge Fund Activity: Q1 2016 in Review

60 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q1 2016, worth a combined $32M — up 18% from $27.1M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of LEO and 2 opened new positions — a net loss of 6 holders — while 10 trimmed existing stakes and 23 added.

The largest buyer was Guggenheim Capital, adding an estimated $2.17M. The largest seller was Morgan Stanley, cutting an estimated $1.29M.

  • 60 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q1 2016, down from 66 in Q4 2015.
  • Funds reported $32M of BNY Mellon Strategic Municipals stock for Q1 2016, up 18% quarter-over-quarter.
  • 2 funds opened new BNY Mellon Strategic Municipals positions in Q1 2016 and 8 closed out, a net change of -6 holders.
  • The largest BNY Mellon Strategic Municipals buyer in Q1 2016 was Guggenheim Capital, an estimated $2.17M added.
  • The largest BNY Mellon Strategic Municipals seller in Q1 2016 was Morgan Stanley, an estimated $1.29M sold.

Based on aggregated 13F filings for Q1 2016.