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LEO

BNY Mellon Strategic Municipals
LEO

68 hedge funds and large institutions have $52.4M invested in BNY Mellon Strategic Municipals in 2020 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 14 increasing their positions, 20 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

140% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 5

11% more funds holding

Funds holding: 61 → 68 (+7)

3% less capital invested

Capital invested by funds: $54.1M → $52.4M (-$1.7M)

1.08% less ownership

Funds ownership: 11.76% → 10.67% (-1.1%)

30% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 20

Holders
68
Holders Change
+7
Holders Change %
+11.48%
% of All Funds
1.37%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
14
Reduced
20
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Osaic Holdings
Osaic Holdings
Arizona
+$447K
2
BRWM
B. Riley Wealth Management
Tennessee
+$277K
3
CF
Centaurus Financial
California
+$190K
4
AAS
Avantax Advisory Services
Texas
+$185K
5
AWA
Arete Wealth Advisors
Illinois
+$184K

Top Sellers

Rank Fund Capital Flow
1
CA
Cornerstone Advisory
Maryland
-$1.67M
2
RCM
Robinson Capital Management
Michigan
-$1.64M
3
Invesco
Invesco
Georgia
-$840K
4
SIA
Sit Investment Associates
Minnesota
-$761K
5
GC
Guggenheim Capital
Illinois
-$616K
Name Holding Trade Value Shares
Change 		Change in
Stake
KAS
51
Kestra Advisory Services
Texas
$94K +$93.8K +11,356 New
Susquehanna International Group
52
Susquehanna International Group
Pennsylvania
$93K +$92.8K +11,244 New
Northwestern Mutual Wealth Management
53
Northwestern Mutual Wealth Management
Wisconsin
$75K – – –
GWS
54
Glassman Wealth Services
Virginia
$54K +$53.7K +6,500 New
EIP
55
Ellis Investment Partners
Pennsylvania
$45K +$570 +69 +1%
PNC Financial Services Group
56
PNC Financial Services Group
Pennsylvania
$44K +$3.3K +400 +8%
APA
57
American Portfolios Advisors
New York
$33.8K – – –
BAM
58
Bellevue Asset Management
Washington
$28K – – –
BFC
59
Bedel Financial Consulting
Indiana
$24K – – –
GI
60
Gradient Investments
Minnesota
$14K – – –
SPIA
61
Steward Partners Investment Advisory
New York
$12K – – –
NFSG
62
Newbridge Financial Services Group
Florida
$10K +$9.91K +1,200 New
FHA
63
First Horizon Advisors
Tennessee
$9K +$8.52K +1,032 New
PWMG
64
Prestige Wealth Management Group
New Jersey
$8K – – –
US Bancorp
65
US Bancorp
Minnesota
$8K – – –
PAM
66
Panagora Asset Management
Massachusetts
$4K – – –
ASN
67
Advisory Services Network
Georgia
$3K +$3.3K +400 New
RCM
68
Robinson Capital Management
Michigan
– -$1.64M -210,473 Closed
Creative Planning
69
Creative Planning
Kansas
– -$92K -11,846 Closed
FAAS
70
First Allied Advisory Services
California
– -$84K -10,768 Closed
LNC
71
Lincoln National Corp
Pennsylvania
– -$82K -10,544 Closed
CAN
72
Cetera Advisor Networks
California
– -$17K -2,181 Closed
1 2
3

LEO Hedge Fund Activity: Q3 2020 in Review

68 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q3 2020, worth a combined $52.4M — down 3.1% from $54.1M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new LEO positions and 5 closed out — a net gain of 7 holders — while 14 added to existing stakes and 20 trimmed.

The largest buyer was Osaic Holdings, adding an estimated $447K. The largest seller was Cornerstone Advisory, cutting an estimated $1.67M.

  • 68 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q3 2020, up from 61 in Q2 2020.
  • Funds reported $52.4M of BNY Mellon Strategic Municipals stock for Q3 2020, down 3.1% quarter-over-quarter.
  • 12 funds opened new BNY Mellon Strategic Municipals positions in Q3 2020 and 5 closed out, a net change of +7 holders.
  • The largest BNY Mellon Strategic Municipals buyer in Q3 2020 was Osaic Holdings, an estimated $447K added.
  • The largest BNY Mellon Strategic Municipals seller in Q3 2020 was Cornerstone Advisory, an estimated $1.67M sold.

Based on aggregated 13F filings for Q3 2020.