BNY Mellon Strategic Municipals
LEO
51 hedge funds and large institutions have $15.2M invested in BNY Mellon Strategic Municipals in 2014 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 17 increasing their positions, 11 reducing their positions, and 6 closing their positions.
55% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 11
0.27% less ownership
Funds ownership: 3.32% → 3.05% (-0.27%)
2% less capital invested
Capital invested by funds: $15.5M → $15.2M (-$332K)
4% less funds holding
Funds holding: 53 → 51 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DLG
Daniel L. Goodwin
|
+$484K |
| 2 |
Morgan Stanley
New York
|
+$281K |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$268K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$195K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$175K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.63M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$586K |
| 3 |
VKH
Virtu KCG Holdings
New York
|
-$360K |
| 4 |
SG Americas Securities
New York
|
-$323K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$170K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Northern Trust
Chicago,
Illinois
| $1K | – | – | – |
|
|
MIG
52
Mariner Investment Group
Harrison,
New York
| – | -$586K | -77,100 | Closed |
|
|
VKH
53
Virtu KCG Holdings
New York
| – | -$360K | -47,348 | Closed |
|
|
54
SG Americas Securities
New York
| – | -$323K | -42,545 | Closed |
|
55
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$170K | -22,328 | Closed |
|
|
WAM
56
Weiss Asset Management
Boston,
Massachusetts
| – | -$121K | -15,895 | Closed |
|
57
Citadel Advisors
Miami,
Florida
| – | -$77K | -10,101 | Closed |
|
LEO Hedge Fund Activity: Q1 2014 in Review
51 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q1 2014, worth a combined $15.2M — down 2.1% from $15.5M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of LEO and 4 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 17 added.
The largest buyer was Daniel L. Goodwin, opening a new position worth an estimated $484K. The largest seller was Sit Investment Associates, cutting an estimated $1.63M.
- 51 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q1 2014, down from 53 in Q4 2013.
- Funds reported $15.2M of BNY Mellon Strategic Municipals stock for Q1 2014, down 2.1% quarter-over-quarter.
- 4 funds opened new BNY Mellon Strategic Municipals positions in Q1 2014 and 6 closed out, a net change of -2 holders.
- The largest BNY Mellon Strategic Municipals buyer in Q1 2014 was Daniel L. Goodwin, an estimated $484K added.
- The largest BNY Mellon Strategic Municipals seller in Q1 2014 was Sit Investment Associates, an estimated $1.63M sold.
Based on aggregated 13F filings for Q1 2014.