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LEO

BNY Mellon Strategic Municipals
LEO

60 hedge funds and large institutions have $37.5M invested in BNY Mellon Strategic Municipals in 2016 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 11 increasing their positions, 18 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 7

3% more funds holding

Funds holding: 58 → 60 (+2)

0.11% more ownership

Funds ownership: 7.13% → 7.25% (+0.11%)

9% less capital invested

Capital invested by funds: $41.1M → $37.5M (-$3.57M)

39% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 18

Holders
60
Holders Change
+2
Holders Change %
+3.45%
% of All Funds
1.5%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
11
Reduced
18
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bessemer Group
Bessemer Group
New Jersey
+$1.71M
2
GC
Guggenheim Capital
Illinois
+$535K
3
N
Nuveen
North Carolina
+$358K
4
VKH
Virtu KCG Holdings
New York
+$225K
5
Bank of America
Bank of America
North Carolina
+$211K

Top Sellers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
-$1.4M
2
VanEck Associates
VanEck Associates
New York
-$352K
3
SIA
SeaBridge Investment Advisors
New Jersey
-$222K
4
SIA
Sit Investment Associates
Minnesota
-$182K
5
LPL Financial
LPL Financial
California
-$160K
Name Holding Trade Value Shares
Change 		Change in
Stake
CA
26
Cetera Advisors
Colorado
$342K -$79.7K -9,300 -19%
SWP
27
Stratos Wealth Partners
Ohio
$336K +$85.7K +10,000 +33%
HCM
28
Hollencrest Capital Management
California
$240K – – –
SBWM
29
Sunflower Bank Wealth Management
Arizona
$231K – – –
VKH
30
Virtu KCG Holdings
New York
$220K +$225K +26,244 New
KeyBank National Association
31
KeyBank National Association
Ohio
$195K – – –
WKWM
32
Walter & Keenan Wealth Management
Indiana
$168K – – –
IAMOG
33
Investors Asset Management of Georgia
Georgia
$167K -$68.6K -8,000 -29%
EFS
34
Essex Financial Services
Connecticut
$150K – – –
RJFSA
35
Raymond James Financial Services Advisors
Florida
$139K -$64.2K -7,490 -31%
CAN
36
Cetera Advisor Networks
California
$138K -$141K -16,462 -50%
HIM
37
Hanlon Investment Management
New Jersey
$117K – – –
Cambridge Investment Research Advisors
38
Cambridge Investment Research Advisors
Iowa
$114K -$21.9K -2,552 -16%
SI
39
SII Investments
Wisconsin
$111K – – –
LTFS
40
Ladenburg Thalmann Financial Services
Florida
$109K – – –
NL
41
NWAM LLC
Washington
$109K – – –
Squarepoint
42
Squarepoint
New York
$107K +$109K +12,700 New
SFS
43
Sowell Financial Services
Arkansas
$103K +$103K +12,014 New
UCFA
44
United Capital Financial Advisors
Texas
$100K – – –
Creative Planning
45
Creative Planning
Kansas
$85K -$4.29K -500 -5%
KT
46
Kanaly Trust
Texas
$83K – – –
Fifth Third Bancorp
47
Fifth Third Bancorp
Ohio
$42K +$42.9K +5,000 New
MFS
48
MSI Financial Services
Massachusetts
$38K +$51 +6 +0.1%
RPG
49
Risk Paradigm Group
Texas
$33.6K – – –
SPIA
50
Steward Partners Investment Advisory
New York
$33K +$34.3K +4,000 New
1
2
3

LEO Hedge Fund Activity: Q4 2016 in Review

60 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q4 2016, worth a combined $37.5M — down 8.7% from $41.1M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new LEO positions and 7 closed out — a net gain of 3 holders — while 11 added to existing stakes and 18 trimmed.

The largest buyer was Bessemer Group, opening a new position worth an estimated $1.71M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $1.4M sold.

  • 60 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q4 2016, up from 58 in Q3 2016.
  • Funds reported $37.5M of BNY Mellon Strategic Municipals stock for Q4 2016, down 8.7% quarter-over-quarter.
  • 10 funds opened new BNY Mellon Strategic Municipals positions in Q4 2016 and 7 closed out, a net change of +3 holders.
  • The largest BNY Mellon Strategic Municipals buyer in Q4 2016 was Bessemer Group, an estimated $1.71M added.
  • The largest BNY Mellon Strategic Municipals seller in Q4 2016 was Robinson Capital Management, an estimated $1.4M sold.

Based on aggregated 13F filings for Q4 2016.