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LEO

BNY Mellon Strategic Municipals
LEO

61 hedge funds and large institutions have $54.1M invested in BNY Mellon Strategic Municipals in 2020 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 23 increasing their positions, 10 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

130% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 10

3% more capital invested

Capital invested by funds: $52.7M → $54.1M (+$1.44M)

0.17% less ownership

Funds ownership: 11.92% → 11.76% (-0.17%)

6% less funds holding

Funds holding: 65 → 61 (-4)

36% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 11

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
61
Holders Change
-4
Holders Change %
-6.15%
% of All Funds
1.25%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
7
Increased
23
Reduced
10
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$901K
2
Osaic Holdings
Osaic Holdings
Arizona
+$632K
3
RCM
Robinson Capital Management
Michigan
+$344K
4
Ameriprise
Ameriprise
Minnesota
+$291K
5
WKWM
Walter & Keenan Wealth Management
Indiana
+$223K

Top Sellers

Rank Fund Capital Flow
1
CA
Cornerstone Advisory
Maryland
-$2.09M
2
Invesco
Invesco
Georgia
-$506K
3
WAM
Wolverine Asset Management
Illinois
-$379K
4
BRWM
B. Riley Wealth Management
Tennessee
-$250K
5
LPL Financial
LPL Financial
California
-$171K
Name Holding Trade Value Shares
Change 		Change in
Stake
PNC Financial Services Group
51
PNC Financial Services Group
Pennsylvania
$38K – – –
APA
52
American Portfolios Advisors
New York
$31.7K – – –
BAM
53
Bellevue Asset Management
Washington
$26K – – –
BFC
54
Bedel Financial Consulting
Indiana
$23K – – –
CAN
55
Cetera Advisor Networks
California
$17K +$16.2K +2,181 New
GI
56
Gradient Investments
Minnesota
$13K – – –
SPIA
57
Steward Partners Investment Advisory
New York
$12K – – –
US Bancorp
58
US Bancorp
Minnesota
$8K – – –
PWMG
59
Prestige Wealth Management Group
New Jersey
$7K – – –
PAM
60
Panagora Asset Management
Massachusetts
$4K – – –
WAM
61
Wolverine Asset Management
Illinois
– -$379K -50,891 Closed
BRWM
62
B. Riley Wealth Management
Tennessee
– -$250K -33,500 Closed
1WA
63
180 Wealth Advisors
Washington
– -$144K -19,914 Closed
LCM
64
Landscape Capital Management
New Jersey
– -$143K -19,219 Closed
ACA
65
Ackerman Capital Advisors
Texas
– -$141K -18,901 Closed
Janney Montgomery Scott
66
Janney Montgomery Scott
Pennsylvania
– -$100K -13,390 Closed
EFS
67
Essex Financial Services
Connecticut
– -$75K -10,000 Closed
FIA
68
FNY Investment Advisers
New York
– -$58K -7,795 Closed
DWM
69
Darwin Wealth Management
Florida
– -$7K -1,000 Closed
MIM
70
Macroview Investment Management
Maryland
– -$7K -933 Closed
ASN
71
Advisory Services Network
Georgia
– -$3K -400 Closed
PMFA
72
Plante Moran Financial Advisors
Michigan
– +$45 +6 New
1 2
3

LEO Hedge Fund Activity: Q2 2020 in Review

61 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q2 2020, worth a combined $54.1M — up 2.7% from $52.7M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of LEO and 7 opened new positions — a net loss of 4 holders — while 10 trimmed existing stakes and 23 added.

The largest buyer was Guggenheim Capital, adding an estimated $901K. The largest seller was Cornerstone Advisory, cutting an estimated $2.09M.

  • 61 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q2 2020, down from 65 in Q1 2020.
  • Funds reported $54.1M of BNY Mellon Strategic Municipals stock for Q2 2020, up 2.7% quarter-over-quarter.
  • 7 funds opened new BNY Mellon Strategic Municipals positions in Q2 2020 and 11 closed out, a net change of -4 holders.
  • The largest BNY Mellon Strategic Municipals buyer in Q2 2020 was Guggenheim Capital, an estimated $901K added.
  • The largest BNY Mellon Strategic Municipals seller in Q2 2020 was Cornerstone Advisory, an estimated $2.09M sold.

Based on aggregated 13F filings for Q2 2020.