BNY Mellon Strategic Municipals
LEO
53 hedge funds and large institutions have $15.5M invested in BNY Mellon Strategic Municipals in 2013 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 7 increasing their positions, 18 reducing their positions, and 7 closing their positions.
86% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 7
13% more funds holding
Funds holding: 47 → 53 (+6)
0.54% less ownership
Funds ownership: 3.85% → 3.32% (-0.54%)
17% less capital invested
Capital invested by funds: $18.7M → $15.5M (-$3.22M)
61% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$593K |
| 2 |
VKH
Virtu KCG Holdings
New York
|
+$364K |
| 3 |
SG Americas Securities
New York
|
+$327K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$172K |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$122K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.82M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.11M |
| 3 |
U
UBS
Zurich,
Switzerland
|
-$770K |
| 4 |
DLG
Daniel L. Goodwin
|
-$430K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$337K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RFA
51
Reilly Financial Advisors
La Mesa,
California
| $3K | – | – | – |
|
|
TRCT
52
Tower Research Capital (TRC)
New York
| $2K | +$2.25K | +292 | New |
|
53
Northern Trust
Chicago,
Illinois
| $1K | – | – | – |
|
|
DLG
54
Daniel L. Goodwin
| – | -$430K | -53,676 | Closed |
|
|
PP
55
Paloma Partners
Greenwich,
Connecticut
| – | -$148K | -18,500 | Closed |
|
|
SFSIG
56
San Francisco Sentry Investment Group
San Francisco,
California
| – | -$88K | -11,000 | Closed |
|
|
LTFS
57
Ladenburg Thalmann Financial Services
Miami,
Florida
| – | -$53K | -6,900 | Closed |
|
58
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$19K | -2,419 | Closed |
|
59
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$15K | -1,900 | Closed |
|
|
DSC
60
Duncker Streett & Co
St. Louis,
Missouri
| – | -$6K | -700 | Closed |
|
LEO Hedge Fund Activity: Q4 2013 in Review
53 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q4 2013, worth a combined $15.5M — down 17% from $18.7M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new LEO positions and 7 closed out — a net gain of 6 holders — while 7 added to existing stakes and 18 trimmed.
The largest buyer was Mariner Investment Group, opening a new position worth an estimated $593K. The largest seller was Morgan Stanley, cutting an estimated $2.82M.
- 53 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q4 2013, up from 47 in Q3 2013.
- Funds reported $15.5M of BNY Mellon Strategic Municipals stock for Q4 2013, down 17% quarter-over-quarter.
- 13 funds opened new BNY Mellon Strategic Municipals positions in Q4 2013 and 7 closed out, a net change of +6 holders.
- The largest BNY Mellon Strategic Municipals buyer in Q4 2013 was Mariner Investment Group, an estimated $593K added.
- The largest BNY Mellon Strategic Municipals seller in Q4 2013 was Morgan Stanley, an estimated $2.82M sold.
Based on aggregated 13F filings for Q4 2013.