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LEO

BNY Mellon Strategic Municipals
LEO

82 hedge funds and large institutions have $99.8M invested in BNY Mellon Strategic Municipals in 2024 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 28 increasing their positions, 25 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

12% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 25

7% more capital invested

Capital invested by funds: $93.3M → $99.8M (+$6.5M)

0.71% more ownership

Funds ownership: 25.56% → 26.27% (+0.71%)

8% less funds holding

Funds holding: 89 → 82 (-7)

55% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 11

Holders
82
Holders Change
-7
Holders Change %
-7.87%
% of All Funds
1.18%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
5
Increased
28
Reduced
25
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$5.11M
2
HWAM
Hennion & Walsh Asset Management
New Jersey
+$2.15M
3
GC
Guggenheim Capital
Illinois
+$1.07M
4
Wells Fargo
Wells Fargo
California
+$795K
5
NMC
Nine Masts Capital
Hong Kong
+$607K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$4.4M
2
AC
Almitas Capital
California
-$1.68M
3
WAM
Weiss Asset Management
Massachusetts
-$359K
4
EC
Elequin Capital
New York
-$359K
5
Ameriprise
Ameriprise
Minnesota
-$306K
Name Holding Trade Value Shares
Change 		Change in
Stake
CRC
26
Curi RMB Capital
Illinois
$763K – – –
N
27
Nuveen
North Carolina
$741K +$5.98K +1,000 +0.8%
NMC
28
Nine Masts Capital
Hong Kong
$619K +$607K +101,459 New
Rockefeller Capital Management
29
Rockefeller Capital Management
New York
$593K -$58.4K -9,769 -9%
Bank of New York Mellon
30
Bank of New York Mellon
New York
$573K +$4.87K +814 +0.9%
Ameriprise
31
Ameriprise
Minnesota
$556K -$306K -51,119 -36%
1WA
32
180 Wealth Advisors
Washington
$508K -$36.5K -6,097 -7%
NFG
33
Nations Financial Group
Iowa
$476K -$2.69K -450 -0.6%
FPCP
34
Fort Point Capital Partners
California
$396K -$66.3K -11,085 -15%
HighTower Advisors
35
HighTower Advisors
Illinois
$385K -$66.3K -11,085 -15%
Cohen & Steers
36
Cohen & Steers
New York
$366K – – –
MWM
37
Melfa Wealth Management
Massachusetts
$349K -$18.7K -3,124 -5%
Mariner
38
Mariner
Kansas
$338K – – –
SIA
39
Sit Investment Associates
Minnesota
$310K – – –
Nomura Holdings
40
Nomura Holdings
Japan
$302K -$56.8K -9,500 -16%
AGA
41
Arkos Global Advisors
Texas
$293K – – –
Commonwealth Equity Services
42
Commonwealth Equity Services
Massachusetts
$251K -$170K -28,438 -41%
RIL
43
Rothschild Investment LLC
Illinois
$244K – – –
AWS
44
Atria Wealth Solutions
New York
$240K -$62.3K -10,415 -21%
WCM
45
WealthBridge Capital Management
Ohio
$210K +$4.78K +800 +2%
Royal Bank of Canada
46
Royal Bank of Canada
Ontario, Canada
$199K +$36.7K +6,135 +23%
CA
47
Cornerstone Advisory
Maryland
$193K -$6.24K -1,044 -3%
Susquehanna International Group
48
Susquehanna International Group
Pennsylvania
$187K +$72.8K +12,173 +66%
ICMP
49
Integrated Capital Management (Pennsylvania)
Pennsylvania
$171K +$5.42K +906 +3%
FAG
50
Fortitude Advisory Group
Washington
$170K +$5.98K +1,000 +4%
1
2
3 4

LEO Hedge Fund Activity: Q1 2024 in Review

82 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q1 2024, worth a combined $99.8M — up 7% from $93.3M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of LEO and 5 opened new positions — a net loss of 6 holders — while 25 trimmed existing stakes and 28 added.

The largest buyer was Saba Capital Management, adding an estimated $5.11M. The largest seller was Morgan Stanley, cutting an estimated $4.4M.

  • 82 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q1 2024, down from 89 in Q4 2023.
  • Funds reported $99.8M of BNY Mellon Strategic Municipals stock for Q1 2024, up 7% quarter-over-quarter.
  • 5 funds opened new BNY Mellon Strategic Municipals positions in Q1 2024 and 11 closed out, a net change of -6 holders.
  • The largest BNY Mellon Strategic Municipals buyer in Q1 2024 was Saba Capital Management, an estimated $5.11M added.
  • The largest BNY Mellon Strategic Municipals seller in Q1 2024 was Morgan Stanley, an estimated $4.4M sold.

Based on aggregated 13F filings for Q1 2024.