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LEO

BNY Mellon Strategic Municipals
LEO

58 hedge funds and large institutions have $60.8M invested in BNY Mellon Strategic Municipals in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 23 increasing their positions, 15 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

53% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 15

1.02% less ownership

Funds ownership: 14.15% → 13.12% (-1%)

5% less funds holding

Funds holding: 61 → 58 (-3)

7% less capital invested

Capital invested by funds: $65.1M → $60.8M (-$4.37M)

25% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 8

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
58
Holders Change
-3
Holders Change %
-4.92%
% of All Funds
1.26%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
6
Increased
23
Reduced
15
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$1.05M
2
Invesco
Invesco
Georgia
+$801K
3
LPL Financial
LPL Financial
California
+$725K
4
CA
Cornerstone Advisory
Maryland
+$623K
5
UBS Group
UBS Group
Switzerland
+$256K

Top Sellers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
-$5.74M
2
ACA
Ackerman Capital Advisors
Texas
-$724K
3
RCM
Rivernorth Capital Management
Florida
-$543K
4
Bank of America
Bank of America
North Carolina
-$302K
5
CA
Cetera Advisors
Colorado
-$301K
Name Holding Trade Value Shares
Change 		Change in
Stake
Northwestern Mutual Wealth Management
26
Northwestern Mutual Wealth Management
Wisconsin
$256K – – –
AG
27
Advisor Group
Arizona
$256K +$18.6K +2,300 +8%
HCM
28
Hollencrest Capital Management
California
$240K – – –
MAM
29
Marquette Asset Management
Minnesota
$206K – – –
DAS
30
Dynamic Advisor Solutions
Arizona
$206K +$10.2K +1,258 +5%
Northern Trust
31
Northern Trust
Illinois
$206K +$82.1K +10,160 +68%
SWM
32
SeaCrest Wealth Management
New York
$195K – – –
1WA
33
180 Wealth Advisors
Washington
$176K +$1.48K +183 +0.9%
SWP
34
Stratos Wealth Partners
Ohio
$163K – – –
EWM
35
Empirical Wealth Management
Washington
$163K +$161K +19,923 New
Royal Bank of Canada
36
Royal Bank of Canada
Ontario, Canada
$157K +$36.4K +4,500 +31%
NL
37
NWAM LLC
Washington
$127K +$20.2K +2,500 +19%
Janney Montgomery Scott
38
Janney Montgomery Scott
Pennsylvania
$121K -$25.5K -3,150 -18%
FWM
39
Fairhaven Wealth Management
Illinois
$118K – – –
Stifel Financial
40
Stifel Financial
Missouri
$116K +$116K +14,323 New
WS
41
Wedbush Securities
California
$114K +$234 +29 +0.2%
SDAM
42
Shulman DeMeo Asset Management
New York
$113K -$7.1K -879 -6%
HighTower Advisors
43
HighTower Advisors
Illinois
$110K +$3.25K +402 +3%
Creative Planning
44
Creative Planning
Kansas
$94K -$7.66K -948 -8%
EFS
45
Essex Financial Services
Connecticut
$82K -$21.5K -2,657 -21%
ASN
46
Advisory Services Network
Georgia
$65K +$64.3K +7,958 New
EIP
47
Ellis Investment Partners
Pennsylvania
$41K +$41.3K +5,106 New
MIM
48
Macroview Investment Management
Maryland
$38K – – –
APA
49
American Portfolios Advisors
New York
$33.3K -$47.7K -5,900 -59%
BFC
50
Bedel Financial Consulting
Indiana
$24K -$4.65K -575 -16%
1
2
3

LEO Hedge Fund Activity: Q2 2019 in Review

58 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q2 2019, worth a combined $60.8M — down 6.7% from $65.1M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of LEO and 6 opened new positions — a net loss of 2 holders — while 15 trimmed existing stakes and 23 added.

The largest buyer was Guggenheim Capital, adding an estimated $1.05M. The largest seller was Robinson Capital Management, cutting an estimated $5.74M.

  • 58 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q2 2019, down from 61 in Q1 2019.
  • Funds reported $60.8M of BNY Mellon Strategic Municipals stock for Q2 2019, down 6.7% quarter-over-quarter.
  • 6 funds opened new BNY Mellon Strategic Municipals positions in Q2 2019 and 8 closed out, a net change of -2 holders.
  • The largest BNY Mellon Strategic Municipals buyer in Q2 2019 was Guggenheim Capital, an estimated $1.05M added.
  • The largest BNY Mellon Strategic Municipals seller in Q2 2019 was Robinson Capital Management, an estimated $5.74M sold.

Based on aggregated 13F filings for Q2 2019.