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LEO

BNY Mellon Strategic Municipals
LEO

58 hedge funds and large institutions have $60.8M invested in BNY Mellon Strategic Municipals in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 23 increasing their positions, 15 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

53% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 15

1.02% less ownership

Funds ownership: 14.15% → 13.12% (-1%)

5% less funds holding

Funds holding: 61 → 58 (-3)

7% less capital invested

Capital invested by funds: $65.1M → $60.8M (-$4.37M)

25% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 8

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
58
Holders Change
-3
Holders Change %
-4.92%
% of All Funds
1.26%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
6
Increased
23
Reduced
15
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$1.05M
2
Invesco
Invesco
Georgia
+$801K
3
LPL Financial
LPL Financial
California
+$725K
4
CA
Cornerstone Advisory
Maryland
+$623K
5
UBS Group
UBS Group
Switzerland
+$256K

Top Sellers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
-$5.74M
2
ACA
Ackerman Capital Advisors
Texas
-$724K
3
RCM
Rivernorth Capital Management
Florida
-$543K
4
Bank of America
Bank of America
North Carolina
-$302K
5
CA
Cetera Advisors
Colorado
-$301K
Name Holding Trade Value Shares
Change 		Change in
Stake
PNC Financial Services Group
51
PNC Financial Services Group
Pennsylvania
$24K – – –
GI
52
Gradient Investments
Minnesota
$14K +$13.7K +1,700 New
SPIA
53
Steward Partners Investment Advisory
New York
$12K +$12.2K +1,507 New
PWMG
54
Prestige Wealth Management Group
New Jersey
$8K – – –
US Bancorp
55
US Bancorp
Minnesota
$8K – – –
WCG
56
Weaver Consulting Group
California
$4K – – –
RCM
57
Rivernorth Capital Management
Florida
$2.74K -$543K -67,179 -17%
ACA
58
Ackerman Capital Advisors
Texas
$265 -$724K -89,545 -73%
CA
59
Cetera Advisors
Colorado
– -$301K -38,190 Closed
Cambridge Investment Research Advisors
60
Cambridge Investment Research Advisors
Iowa
– -$291K -36,843 Closed
AWA
61
Arete Wealth Advisors
Illinois
– -$175K -22,231 Closed
WKWM
62
Walter & Keenan Wealth Management
Indiana
– -$158K -20,000 Closed
AA
63
AQR Arbitrage
Connecticut
– -$153K -19,345 Closed
LCM
64
Landscape Capital Management
New Jersey
– -$134K -16,943 Closed
IAMOG
65
Investors Asset Management of Georgia
Georgia
– -$134K -16,927 Closed
Goldman Sachs
66
Goldman Sachs
New York
– -$79K -10,053 Closed
1 2
3

LEO Hedge Fund Activity: Q2 2019 in Review

58 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q2 2019, worth a combined $60.8M — down 6.7% from $65.1M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of LEO and 6 opened new positions — a net loss of 2 holders — while 15 trimmed existing stakes and 23 added.

The largest buyer was Guggenheim Capital, adding an estimated $1.05M. The largest seller was Robinson Capital Management, cutting an estimated $5.74M.

  • 58 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q2 2019, down from 61 in Q1 2019.
  • Funds reported $60.8M of BNY Mellon Strategic Municipals stock for Q2 2019, down 6.7% quarter-over-quarter.
  • 6 funds opened new BNY Mellon Strategic Municipals positions in Q2 2019 and 8 closed out, a net change of -2 holders.
  • The largest BNY Mellon Strategic Municipals buyer in Q2 2019 was Guggenheim Capital, an estimated $1.05M added.
  • The largest BNY Mellon Strategic Municipals seller in Q2 2019 was Robinson Capital Management, an estimated $5.74M sold.

Based on aggregated 13F filings for Q2 2019.