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LEO

BNY Mellon Strategic Municipals
LEO

60 hedge funds and large institutions have $37.5M invested in BNY Mellon Strategic Municipals in 2016 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 11 increasing their positions, 18 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 7

3% more funds holding

Funds holding: 58 → 60 (+2)

0.11% more ownership

Funds ownership: 7.13% → 7.25% (+0.11%)

9% less capital invested

Capital invested by funds: $41.1M → $37.5M (-$3.57M)

39% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 18

Holders
60
Holders Change
+2
Holders Change %
+3.45%
% of All Funds
1.5%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
11
Reduced
18
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bessemer Group
Bessemer Group
New Jersey
+$1.71M
2
GC
Guggenheim Capital
Illinois
+$535K
3
N
Nuveen
North Carolina
+$358K
4
VKH
Virtu KCG Holdings
New York
+$225K
5
Bank of America
Bank of America
North Carolina
+$211K

Top Sellers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
-$1.4M
2
VanEck Associates
VanEck Associates
New York
-$352K
3
SIA
SeaBridge Investment Advisors
New Jersey
-$222K
4
SIA
Sit Investment Associates
Minnesota
-$182K
5
LPL Financial
LPL Financial
California
-$160K
Name Holding Trade Value Shares
Change 		Change in
Stake
Deutsche Bank
51
Deutsche Bank
Germany
$28K – – –
JP Morgan Chase
52
JP Morgan Chase
New York
$25K – – –
AG
53
Advisor Group
Arizona
$22K – – –
Northwestern Mutual Wealth Management
54
Northwestern Mutual Wealth Management
Wisconsin
$18K +$18K +2,100 New
IA
55
IFP Advisors
Florida
$10K -$4.29K -500 -29%
US Bancorp
56
US Bancorp
Minnesota
$8K – – –
BFEC
57
Benjamin F. Edwards & Company
Missouri
$8K +$7.72K +900 New
IWM
58
IHT Wealth Management
Illinois
$7K +$7.07K +824 New
CFA
59
Carroll Financial Associates
North Carolina
$2K +$2.14K +250 New
Northern Trust
60
Northern Trust
Illinois
$1K – – –
RCM
61
Robinson Capital Management
Michigan
– -$1.4M -149,650 Closed
SIA
62
SeaBridge Investment Advisors
New Jersey
– -$222K -23,750 Closed
FCCM
63
First City Capital Management
Georgia
– -$124K -13,250 Closed
BWM
64
Braver Wealth Management
Massachusetts
– -$113K -12,115 Closed
CWM
65
Concert Wealth Management
California
– -$111K -11,921 Closed
FMII
66
Farmers & Merchants Investments Inc
Nebraska
– -$19K -2,000 Closed
1 2
3

LEO Hedge Fund Activity: Q4 2016 in Review

60 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q4 2016, worth a combined $37.5M — down 8.7% from $41.1M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new LEO positions and 7 closed out — a net gain of 3 holders — while 11 added to existing stakes and 18 trimmed.

The largest buyer was Bessemer Group, opening a new position worth an estimated $1.71M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $1.4M sold.

  • 60 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q4 2016, up from 58 in Q3 2016.
  • Funds reported $37.5M of BNY Mellon Strategic Municipals stock for Q4 2016, down 8.7% quarter-over-quarter.
  • 10 funds opened new BNY Mellon Strategic Municipals positions in Q4 2016 and 7 closed out, a net change of +3 holders.
  • The largest BNY Mellon Strategic Municipals buyer in Q4 2016 was Bessemer Group, an estimated $1.71M added.
  • The largest BNY Mellon Strategic Municipals seller in Q4 2016 was Robinson Capital Management, an estimated $1.4M sold.

Based on aggregated 13F filings for Q4 2016.