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LEO

BNY Mellon Strategic Municipals
LEO

73 hedge funds and large institutions have $62M invested in BNY Mellon Strategic Municipals in 2021 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 26 increasing their positions, 16 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

63% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 16

12% more capital invested

Capital invested by funds: $55.1M → $62M (+$6.83M)

1.28% more ownership

Funds ownership: 10.95% → 12.23% (+1.3%)

9% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 11

3% less funds holding

Funds holding: 75 → 73 (-2)

Holders
73
Holders Change
-2
Holders Change %
-2.67%
% of All Funds
1.28%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
26
Reduced
16
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
+$1.47M
2
Bank of America
Bank of America
North Carolina
+$1.29M
3
Morgan Stanley
Morgan Stanley
New York
+$1.14M
4
Invesco
Invesco
Georgia
+$409K
5
Northern Trust
Northern Trust
Illinois
+$295K

Top Sellers

Rank Fund Capital Flow
1
CA
Cornerstone Advisory
Maryland
-$3.07M
2
KAS
Kestra Advisory Services
Texas
-$1.21M
3
ACA
Ackerman Capital Advisors
Texas
-$614K
4
Millennium Management
Millennium Management
New York
-$299K
5
SIA
Sit Investment Associates
Minnesota
-$233K
Name Holding Trade Value Shares
Change 		Change in
Stake
Citigroup
51
Citigroup
New York
$87K +$86K +10,150 New
AWM
52
AE Wealth Management
Kansas
$86K -$16.9K -1,991 -17%
Northwestern Mutual Wealth Management
53
Northwestern Mutual Wealth Management
Wisconsin
$78K – – –
SWM
54
Spire Wealth Management
Virginia
$70K +$69.5K +8,200 New
WWM
55
Wolff Wiese Magana
California
$61K – – –
M1FG
56
Mach-1 Financial Group
Arkansas
$59K – – –
CFGS
57
Concourse Financial Group Securities
Alabama
$54K +$53.4K +6,304 New
EIP
58
Ellis Investment Partners
Pennsylvania
$48K +$585 +69 +1%
PNC Financial Services Group
59
PNC Financial Services Group
Pennsylvania
$42K – – –
APA
60
American Portfolios Advisors
New York
$34.8K – – –
BAM
61
Bellevue Asset Management
Washington
$29K – – –
BFC
62
Bedel Financial Consulting
Indiana
$25K – – –
FF
63
FourThought Financial
Florida
$19K – – –
US Bancorp
64
US Bancorp
Minnesota
$17K +$8.47K +1,000 +100%
GI
65
Gradient Investments
Minnesota
$15K – – –
SPIA
66
Steward Partners Investment Advisory
New York
$12.8K – – –
WAP
67
Wealthcare Advisory Partners
Pennsylvania
$11K +$10.9K +1,285 New
NFSG
68
Newbridge Financial Services Group
Florida
$10K – – –
PWMG
69
Prestige Wealth Management Group
New Jersey
$8K – – –
AWM
70
Accel Wealth Management
Iowa
$4K – – –
PAM
71
Panagora Asset Management
Massachusetts
$1K +$627 +74 New
HI
72
Harbour Investments
Wisconsin
$1K +$966 +114 New
KAS
73
Kestra Advisory Services
Texas
– -$1.21M -143,828 Closed
ACA
74
Ackerman Capital Advisors
Texas
– -$614K -72,349 Closed
Millennium Management
75
Millennium Management
New York
– -$299K -35,162 Closed
1 2
3
4

LEO Hedge Fund Activity: Q1 2021 in Review

73 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q1 2021, worth a combined $62M — up 12% from $55.1M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of LEO and 10 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 26 added.

The largest buyer was Robinson Capital Management, adding an estimated $1.47M. The largest seller was Cornerstone Advisory, cutting an estimated $3.07M.

  • 73 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q1 2021, down from 75 in Q4 2020.
  • Funds reported $62M of BNY Mellon Strategic Municipals stock for Q1 2021, up 12% quarter-over-quarter.
  • 10 funds opened new BNY Mellon Strategic Municipals positions in Q1 2021 and 11 closed out, a net change of -1 holder.
  • The largest BNY Mellon Strategic Municipals buyer in Q1 2021 was Robinson Capital Management, an estimated $1.47M added.
  • The largest BNY Mellon Strategic Municipals seller in Q1 2021 was Cornerstone Advisory, an estimated $3.07M sold.

Based on aggregated 13F filings for Q1 2021.