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LEO

BNY Mellon Strategic Municipals
LEO

68 hedge funds and large institutions have $52.4M invested in BNY Mellon Strategic Municipals in 2020 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 14 increasing their positions, 20 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

140% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 5

11% more funds holding

Funds holding: 61 → 68 (+7)

3% less capital invested

Capital invested by funds: $54.1M → $52.4M (-$1.7M)

1.08% less ownership

Funds ownership: 11.76% → 10.67% (-1.1%)

30% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 20

Holders
68
Holders Change
+7
Holders Change %
+11.48%
% of All Funds
1.37%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
14
Reduced
20
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Osaic Holdings
Osaic Holdings
Arizona
+$447K
2
BRWM
B. Riley Wealth Management
Tennessee
+$277K
3
CF
Centaurus Financial
California
+$190K
4
AAS
Avantax Advisory Services
Texas
+$185K
5
AWA
Arete Wealth Advisors
Illinois
+$184K

Top Sellers

Rank Fund Capital Flow
1
CA
Cornerstone Advisory
Maryland
-$1.67M
2
RCM
Robinson Capital Management
Michigan
-$1.64M
3
Invesco
Invesco
Georgia
-$840K
4
SIA
Sit Investment Associates
Minnesota
-$761K
5
GC
Guggenheim Capital
Illinois
-$616K
Name Holding Trade Value Shares
Change 		Change in
Stake
BRWM
26
B. Riley Wealth Management
Tennessee
$277K +$277K +33,500 New
WKWM
27
Walter & Keenan Wealth Management
Indiana
$248K – – –
BCA
28
Bay Colony Advisors
Massachusetts
$229K +$6.18K +749 +3%
RIG
29
Ramiah Investment Group
Wisconsin
$220K -$17.6K -2,138 -7%
DAS
30
Dynamic Advisor Solutions
Arizona
$209K – – –
MAM
31
Marquette Asset Management
Minnesota
$209K – – –
SWP
32
Stratos Wealth Partners
Ohio
$207K – – –
DFG
33
Delphi Financial Group
Delaware
$203K – – –
SWM
34
SeaCrest Wealth Management
New York
$191K – – –
AWA
35
Arete Wealth Advisors
Illinois
$185K +$184K +22,231 New
AAS
36
Avantax Advisory Services
Texas
$185K +$185K +22,402 New
MAFM
37
Mid Atlantic Financial Management
Pennsylvania
$183K -$23.1K -2,800 -11%
1WA
38
180 Wealth Advisors
Washington
$168K +$168K +20,324 New
Royal Bank of Canada
39
Royal Bank of Canada
Ontario, Canada
$157K -$124K -15,000 -44%
COLIM
40
City of London Investment Management
United Kingdom
$156K -$225K -27,202 -59%
FWM
41
Fairhaven Wealth Management
Illinois
$154K – – –
Stifel Financial
42
Stifel Financial
Missouri
$130K – – –
NL
43
NWAM LLC
Washington
$128K – – –
HCM
44
Hollencrest Capital Management
California
$122K – – –
WS
45
Wedbush Securities
California
$105K -$69.4K -8,406 -40%
HighTower Advisors
46
HighTower Advisors
Illinois
$104K +$248 +30 +0.2%
AWM
47
AE Wealth Management
Kansas
$100K +$25 +3 +0%
SFS
48
Sowell Financial Services
Arkansas
$98K +$1.24K +150 +1%
WCM
49
WealthBridge Capital Management
Ohio
$97K +$96.6K +11,700 New
Janney Montgomery Scott
50
Janney Montgomery Scott
Pennsylvania
$94K +$93.4K +11,314 New
1
2
3

LEO Hedge Fund Activity: Q3 2020 in Review

68 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q3 2020, worth a combined $52.4M — down 3.1% from $54.1M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new LEO positions and 5 closed out — a net gain of 7 holders — while 14 added to existing stakes and 20 trimmed.

The largest buyer was Osaic Holdings, adding an estimated $447K. The largest seller was Cornerstone Advisory, cutting an estimated $1.67M.

  • 68 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q3 2020, up from 61 in Q2 2020.
  • Funds reported $52.4M of BNY Mellon Strategic Municipals stock for Q3 2020, down 3.1% quarter-over-quarter.
  • 12 funds opened new BNY Mellon Strategic Municipals positions in Q3 2020 and 5 closed out, a net change of +7 holders.
  • The largest BNY Mellon Strategic Municipals buyer in Q3 2020 was Osaic Holdings, an estimated $447K added.
  • The largest BNY Mellon Strategic Municipals seller in Q3 2020 was Cornerstone Advisory, an estimated $1.67M sold.

Based on aggregated 13F filings for Q3 2020.