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LEO

BNY Mellon Strategic Municipals
LEO

60 hedge funds and large institutions have $31.6M invested in BNY Mellon Strategic Municipals in 2017 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 11 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

82% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 11

50% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 4

3% more funds holding

Funds holding: 58 → 60 (+2)

0.69% less ownership

Funds ownership: 6.88% → 6.2% (-0.69%)

12% less capital invested

Capital invested by funds: $35.8M → $31.6M (-$4.16M)

Holders
60
Holders Change
+2
Holders Change %
+3.45%
% of All Funds
1.36%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
20
Reduced
11
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$440K
2
UBS Group
UBS Group
Switzerland
+$273K
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$169K
4
Bank of America
Bank of America
North Carolina
+$135K
5
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$116K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$3.76M
2
LCM
Laurion Capital Management
New York
-$828K
3
CA
Cornerstone Advisory
Maryland
-$415K
4
DA
Doliver Advisors
Texas
-$148K
5
UCFA
United Capital Financial Advisors
Texas
-$105K
Name Holding Trade Value Shares
Change 		Change in
Stake
Deutsche Bank
51
Deutsche Bank
Germany
$29K – – –
JP Morgan Chase
52
JP Morgan Chase
New York
$26K – – –
AG
53
Advisor Group
Arizona
$23K -$102K -11,610 -81%
Northwestern Mutual Wealth Management
54
Northwestern Mutual Wealth Management
Wisconsin
$18K – – –
HNB
55
Huntington National Bank
Ohio
$17K – – –
US Bancorp
56
US Bancorp
Minnesota
$9K – – –
FCMT
57
Founders Capital Management (Texas)
Texas
$6K – – –
Bessemer Group
58
Bessemer Group
New Jersey
$2K -$74.6K -8,518 -98%
CFA
59
Carroll Financial Associates
North Carolina
$2K – – –
RFA
60
Reilly Financial Advisors
California
$2K +$18 +2 +1%
Northern Trust
61
Northern Trust
Illinois
$2K +$50.8K +5,800 +39%
DA
62
Doliver Advisors
Texas
– -$148K -16,831 Closed
UCFA
63
United Capital Financial Advisors
Texas
– -$105K -11,893 Closed
RFWA
64
RPg Family Wealth Advisory
Massachusetts
– -$35.2K -4,000 Closed
IA
65
IFP Advisors
Florida
– -$26K -2,910 Closed
1 2
3

LEO Hedge Fund Activity: Q4 2017 in Review

60 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q4 2017, worth a combined $31.6M — down 12% from $35.8M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new LEO positions and 4 closed out — a net gain of 2 holders — while 20 added to existing stakes and 11 trimmed.

The largest buyer was Wells Fargo, adding an estimated $440K. The largest seller was Guggenheim Capital, cutting an estimated $3.76M.

  • 60 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q4 2017, up from 58 in Q3 2017.
  • Funds reported $31.6M of BNY Mellon Strategic Municipals stock for Q4 2017, down 12% quarter-over-quarter.
  • 6 funds opened new BNY Mellon Strategic Municipals positions in Q4 2017 and 4 closed out, a net change of +2 holders.
  • The largest BNY Mellon Strategic Municipals buyer in Q4 2017 was Wells Fargo, an estimated $440K added.
  • The largest BNY Mellon Strategic Municipals seller in Q4 2017 was Guggenheim Capital, an estimated $3.76M sold.

Based on aggregated 13F filings for Q4 2017.