BNY Mellon Strategic Municipals
LEO
58 hedge funds and large institutions have $41.1M invested in BNY Mellon Strategic Municipals in 2016 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 13 reducing their positions, and 5 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 13
5% more capital invested
Capital invested by funds: $39.1M → $41.1M (+$2.02M)
0.44% more ownership
Funds ownership: 6.69% → 7.13% (+0.44%)
3% less funds holding
Funds holding: 60 → 58 (-2)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.75M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.4M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$480K |
| 4 |
CA
Cetera Advisors
Denver,
Colorado
|
+$186K |
| 5 |
PMG
ProVise Management Group
Clearwater,
Florida
|
+$185K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$438K |
| 2 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$263K |
| 3 |
MIM
Macroview Investment Management
Bethesda,
Maryland
|
-$219K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$156K |
| 5 |
NFG
Next Financial Group
Houston,
Texas
|
-$145K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $31K | – | – | – |
|
52
JP Morgan Chase
New York
| $28K | – | – | – |
|
|
AG
53
Advisor Group
Phoenix,
Arizona
| $25K | – | – | – |
|
|
FMII
54
Farmers & Merchants Investments Inc
Lincoln,
Nebraska
| $19K | – | – | – |
|
|
IA
55
IFP Advisors
Tampa,
Florida
| $16K | – | – | – |
|
56
US Bancorp
Minneapolis,
Minnesota
| $9K | +$9.33K | +1,000 | New |
|
57
Northern Trust
Chicago,
Illinois
| $1K | -$99K | -10,606 | -41% |
|
|
NFG
58
Next Financial Group
Houston,
Texas
| – | -$145K | -15,313 | Closed |
|
|
FAAS
59
First Allied Advisory Services
San Diego,
California
| – | -$135K | -14,100 | Closed |
|
|
CL
60
Croft-Leominster
Baltimore,
Maryland
| – | -$97K | -10,237 | Closed |
|
|
BFEC
61
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$19K | -1,975 | Closed |
|
|
TRCT
62
Tower Research Capital (TRC)
New York
| – | +$65 | +7 | New |
|
LEO Hedge Fund Activity: Q3 2016 in Review
58 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q3 2016, worth a combined $41.1M — up 5.2% from $39.1M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of LEO and 4 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 16 added.
The largest buyer was Guggenheim Capital, adding an estimated $1.75M. The largest seller was Cambridge Investment Research Advisors, cutting an estimated $438K.
- 58 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q3 2016, down from 60 in Q2 2016.
- Funds reported $41.1M of BNY Mellon Strategic Municipals stock for Q3 2016, up 5.2% quarter-over-quarter.
- 4 funds opened new BNY Mellon Strategic Municipals positions in Q3 2016 and 5 closed out, a net change of -1 holder.
- The largest BNY Mellon Strategic Municipals buyer in Q3 2016 was Guggenheim Capital, an estimated $1.75M added.
- The largest BNY Mellon Strategic Municipals seller in Q3 2016 was Cambridge Investment Research Advisors, an estimated $438K sold.
Based on aggregated 13F filings for Q3 2016.