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LEO

BNY Mellon Strategic Municipals
LEO

60 hedge funds and large institutions have $32M invested in BNY Mellon Strategic Municipals in 2016 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 23 increasing their positions, 10 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

130% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 10

18% more capital invested

Capital invested by funds: $27.1M → $32M (+$4.96M)

0.67% more ownership

Funds ownership: 5.23% → 5.89% (+0.67%)

9% less funds holding

Funds holding: 66 → 60 (-6)

75% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 8

Holders
60
Holders Change
-6
Holders Change %
-9.09%
% of All Funds
1.6%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
2
Increased
23
Reduced
10
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$2.17M
2
ITIM
Indiana Trust & Investment Management
Indiana
+$1.88M
3
AAM
Advisors Asset Management
Colorado
+$666K
4
UBS Group
UBS Group
Switzerland
+$650K
5
Baird Financial Group
Baird Financial Group
Wisconsin
+$282K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.29M
2
BW
Bison Wealth
Georgia
-$412K
3
SIA
Sit Investment Associates
Minnesota
-$347K
4
CS
Credit Suisse
Switzerland
-$256K
5
MIM
Macroview Investment Management
Maryland
-$251K
Name Holding Trade Value Shares
Change 		Change in
Stake
BFEC
51
Benjamin F. Edwards & Company
Missouri
$32K -$12.2K -1,400 -28%
Deutsche Bank
52
Deutsche Bank
Germany
$30K – – –
JP Morgan Chase
53
JP Morgan Chase
New York
$27K – – –
FMII
54
Farmers & Merchants Investments Inc
Nebraska
$18K – – –
Northwestern Mutual Wealth Management
55
Northwestern Mutual Wealth Management
Wisconsin
$15K – – –
FAM
56
Formidable Asset Management
Ohio
$11K – – –
TRCT
57
Tower Research Capital (TRC)
New York
$11K +$9.36K +1,070 +973%
Northern Trust
58
Northern Trust
Illinois
$2K +$131K +15,000 +141%
N
59
Nuveen
North Carolina
$484 – – –
BW
60
Bison Wealth
Georgia
– -$412K -48,432 Closed
CS
61
Credit Suisse
Switzerland
– -$256K -30,000 Closed
Comerica Bank
62
Comerica Bank
Texas
– -$166K -18,936 Closed
AIA
63
Allegis Investment Advisors
Idaho
– -$26K -3,000 Closed
AIG
64
American International Group
New York
– -$15K -1,800 Closed
Thrivent Financial for Lutherans
65
Thrivent Financial for Lutherans
Minnesota
– -$14K -1,607 Closed
IA
66
IFP Advisors
Florida
– -$4K -500 Closed
1 2
3

LEO Hedge Fund Activity: Q1 2016 in Review

60 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q1 2016, worth a combined $32M — up 18% from $27.1M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of LEO and 2 opened new positions — a net loss of 6 holders — while 10 trimmed existing stakes and 23 added.

The largest buyer was Guggenheim Capital, adding an estimated $2.17M. The largest seller was Morgan Stanley, cutting an estimated $1.29M.

  • 60 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q1 2016, down from 66 in Q4 2015.
  • Funds reported $32M of BNY Mellon Strategic Municipals stock for Q1 2016, up 18% quarter-over-quarter.
  • 2 funds opened new BNY Mellon Strategic Municipals positions in Q1 2016 and 8 closed out, a net change of -6 holders.
  • The largest BNY Mellon Strategic Municipals buyer in Q1 2016 was Guggenheim Capital, an estimated $2.17M added.
  • The largest BNY Mellon Strategic Municipals seller in Q1 2016 was Morgan Stanley, an estimated $1.29M sold.

Based on aggregated 13F filings for Q1 2016.