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LEO

BNY Mellon Strategic Municipals
LEO

80 hedge funds and large institutions have $60.8M invested in BNY Mellon Strategic Municipals in 2023 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 25 increasing their positions, 21 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

19% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 21

4% more funds holding

Funds holding: 77 → 80 (+3)

3.16% more ownership

Funds ownership: 15.15% → 18.31% (+3.2%)

4% more capital invested

Capital invested by funds: $58.7M → $60.8M (+$2.11M)

Holders
80
Holders Change
+3
Holders Change %
+3.9%
% of All Funds
1.27%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
25
Reduced
21
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$6.32M
2
LSC
Logan Stone Capital
Illinois
+$3.51M
3
HWAM
Hennion & Walsh Asset Management
New Jersey
+$2.5M
4
AA
AQR Arbitrage
Connecticut
+$1.71M
5
WAM
Wolverine Asset Management
Illinois
+$460K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$2.56M
2
GC
Guggenheim Capital
Illinois
-$631K
3
WP
Woodline Partners
California
-$610K
4
RCM
Robinson Capital Management
Michigan
-$420K
5
Invesco
Invesco
Georgia
-$262K
Name Holding Trade Value Shares
Change 		Change in
Stake
NFG
26
Nations Financial Group
Iowa
$419K – – –
WP
27
Woodline Partners
California
$411K -$610K -104,634 -58%
1WA
28
180 Wealth Advisors
Washington
$405K +$169K +28,976 +62%
Mariner
29
Mariner
Kansas
$273K – – –
SIA
30
Sit Investment Associates
Minnesota
$271K -$135K -23,200 -31%
MWM
31
Melfa Wealth Management
Massachusetts
$264K -$12.2K -2,090 -4%
AWS
32
Atria Wealth Solutions
New York
$264K +$2.16K +370 +0.8%
Commonwealth Equity Services
33
Commonwealth Equity Services
Massachusetts
$250K -$29.2K -5,005 -10%
XF
34
XML Financial
Maryland
$235K -$150K -25,650 -37%
CA
35
Cornerstone Advisory
Maryland
$199K +$8.12K +1,392 +4%
MFG
36
Merit Financial Group
Georgia
$194K +$1.03K +177 +0.5%
RJFSA
37
Raymond James Financial Services Advisors
Florida
$186K +$688 +118 +0.3%
CMS
38
Capital Market Strategies
Florida
$178K – – –
PVM
39
Palogic Value Management
Texas
$160K – – –
WKWM
40
Walter & Keenan Wealth Management
Indiana
$160K – – –
Royal Bank of Canada
41
Royal Bank of Canada
Ontario, Canada
$147K – – –
WA
42
WealthTrust Axiom
Pennsylvania
$146K -$23.2K -3,984 -13%
FAG
43
Fortitude Advisory Group
Washington
$143K – – –
ICMP
44
Integrated Capital Management (Pennsylvania)
Pennsylvania
$143K +$9.88K +1,693 +7%
API
45
Advisor Partners II
California
$142K +$156K +26,657 New
WI
46
Wintrust Investments
Illinois
$131K +$40.8K +7,000 +40%
IC
47
IEQ Capital
California
$130K +$1K +172 +0.7%
AC
48
Almitas Capital
California
$125K +$137K +23,538 New
SWM
49
SeaCrest Wealth Management
New York
$117K – – –
HighTower Advisors
50
HighTower Advisors
Illinois
$110K +$210 +36 +0.2%
1
2
3 4

LEO Hedge Fund Activity: Q3 2023 in Review

80 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q3 2023, worth a combined $60.8M — up 3.6% from $58.7M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new LEO positions and 7 closed out — a net gain of 3 holders — while 25 added to existing stakes and 21 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $6.32M. The largest seller was Morgan Stanley, cutting an estimated $2.56M.

  • 80 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q3 2023, up from 77 in Q2 2023.
  • Funds reported $60.8M of BNY Mellon Strategic Municipals stock for Q3 2023, up 3.6% quarter-over-quarter.
  • 10 funds opened new BNY Mellon Strategic Municipals positions in Q3 2023 and 7 closed out, a net change of +3 holders.
  • The largest BNY Mellon Strategic Municipals buyer in Q3 2023 was Rivernorth Capital Management, an estimated $6.32M added.
  • The largest BNY Mellon Strategic Municipals seller in Q3 2023 was Morgan Stanley, an estimated $2.56M sold.

Based on aggregated 13F filings for Q3 2023.