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LEO

BNY Mellon Strategic Municipals
LEO

88 hedge funds and large institutions have $146M invested in BNY Mellon Strategic Municipals in 2025 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 27 increasing their positions, 28 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% more capital invested

Capital invested by funds: $135M → $146M (+$10.9M)

2.36% more ownership

Funds ownership: 35.85% → 38.2% (+2.4%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

4% less repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 28

14% less funds holding

Funds holding: 102 → 88 (-14)

56% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 18

Holders
88
Holders Change
-14
Holders Change %
-13.73%
% of All Funds
1.18%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
8
Increased
27
Reduced
28
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Pathstone Holdings
Pathstone Holdings
New Jersey
+$5.44M
2
Verition Fund Management
Verition Fund Management
Connecticut
+$4.22M
3
WA
Whitebox Advisors
Minnesota
+$1.65M
4
SIA
Sit Investment Associates
Minnesota
+$1.4M
5
SCM
Saba Capital Management
New York
+$1.12M

Top Sellers

Rank Fund Capital Flow
1
LSC
Logan Stone Capital
Illinois
-$1.06M
2
AA
AQR Arbitrage
Connecticut
-$908K
3
Morgan Stanley
Morgan Stanley
New York
-$716K
4
VanEck Associates
VanEck Associates
New York
-$654K
5
WAM
Wolverine Asset Management
Illinois
-$584K
Name Holding Trade Value Shares
Change 		Change in
Stake
Envestnet Asset Management
26
Envestnet Asset Management
Illinois
$1.18M +$38.2K +6,191 +3%
Raymond James Financial
27
Raymond James Financial
Florida
$1.14M +$213K +34,447 +23%
PAS
28
Park Avenue Securities
New York
$1.04M +$8.7K +1,408 +0.8%
AC
29
Almitas Capital
California
$887K +$236K +38,160 +36%
BBPWM
30
Blue Bell Private Wealth Management
Pennsylvania
$826K -$7.1K -1,150 -0.8%
LPL Financial
31
LPL Financial
California
$813K +$130K +21,074 +19%
TCM
32
Thoma Capital Management
Maryland
$744K -$251K -40,700 -25%
Corient Private Wealth
33
Corient Private Wealth
Florida
$684K +$593K +96,033 +609%
CF
34
Centaurus Financial
California
$659K -$32.6K -5,284 -5%
Rockefeller Capital Management
35
Rockefeller Capital Management
New York
$589K -$18.9K -3,064 -3%
NWMP
36
Noble Wealth Management PBC
Colorado
$584K -$23.5K -3,800 -4%
UBS Group
37
UBS Group
Switzerland
$575K -$130K -21,084 -18%
Ameriprise
38
Ameriprise
Minnesota
$523K -$3.35K -543 -0.6%
P
39
&Partners
Tennessee
$494K +$2.48K +401 +0.5%
HighTower Advisors
40
HighTower Advisors
Illinois
$443K -$79.4K -12,847 -15%
TJHA
41
Thomas J. Herzfeld Advisors
Florida
$436K +$137K +22,145 +45%
MWM
42
Melfa Wealth Management
Massachusetts
$369K – – –
Creative Planning
43
Creative Planning
Kansas
$361K +$97.5K +15,777 +37%
1WA
44
180 Wealth Advisors
Washington
$358K -$26.5K -4,285 -7%
N
45
Nuveen
North Carolina
$315K -$482K -78,056 -60%
AGA
46
Arkos Global Advisors
Texas
$292K – – –
RIL
47
Rothschild Investment LLC
Illinois
$245K – – –
Royal Bank of Canada
48
Royal Bank of Canada
Ontario, Canada
$236K – – –
CA
49
Cornerstone Advisory
Maryland
$233K -$16.6K -2,679 -6%
WCM
50
WealthBridge Capital Management
Ohio
$232K – – –
1
2
3 4 5

LEO Hedge Fund Activity: Q1 2025 in Review

88 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q1 2025, worth a combined $146M — up 8.1% from $135M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of LEO and 8 opened new positions — a net loss of 10 holders — while 28 trimmed existing stakes and 27 added.

The largest buyer was Pathstone Holdings, adding an estimated $5.44M. The largest seller was Logan Stone Capital, cutting an estimated $1.06M.

  • 88 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q1 2025, down from 102 in Q4 2024.
  • Funds reported $146M of BNY Mellon Strategic Municipals stock for Q1 2025, up 8.1% quarter-over-quarter.
  • 8 funds opened new BNY Mellon Strategic Municipals positions in Q1 2025 and 18 closed out, a net change of -10 holders.
  • The largest BNY Mellon Strategic Municipals buyer in Q1 2025 was Pathstone Holdings, an estimated $5.44M added.
  • The largest BNY Mellon Strategic Municipals seller in Q1 2025 was Logan Stone Capital, an estimated $1.06M sold.

Based on aggregated 13F filings for Q1 2025.