BNY Mellon Strategic Municipals
LEO
82 hedge funds and large institutions have $99.8M invested in BNY Mellon Strategic Municipals in 2024 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 28 increasing their positions, 25 reducing their positions, and 11 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
12% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 25
7% more capital invested
Capital invested by funds: $93.3M → $99.8M (+$6.5M)
0.71% more ownership
Funds ownership: 25.56% → 26.27% (+0.71%)
8% less funds holding
Funds holding: 89 → 82 (-7)
55% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$5.11M |
| 2 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$2.15M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.07M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$795K |
| 5 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$607K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$4.4M |
| 2 |
AC
Almitas Capital
Santa Monica,
California
|
-$1.68M |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$359K |
| 4 |
EC
Elequin Capital
New York
|
-$359K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$306K |
LEO Hedge Fund Activity: Q1 2024 in Review
82 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q1 2024, worth a combined $99.8M — up 7% from $93.3M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of LEO and 5 opened new positions — a net loss of 6 holders — while 25 trimmed existing stakes and 28 added.
The largest buyer was Saba Capital Management, adding an estimated $5.11M. The largest seller was Morgan Stanley, cutting an estimated $4.4M.
- 82 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q1 2024, down from 89 in Q4 2023.
- Funds reported $99.8M of BNY Mellon Strategic Municipals stock for Q1 2024, up 7% quarter-over-quarter.
- 5 funds opened new BNY Mellon Strategic Municipals positions in Q1 2024 and 11 closed out, a net change of -6 holders.
- The largest BNY Mellon Strategic Municipals buyer in Q1 2024 was Saba Capital Management, an estimated $5.11M added.
- The largest BNY Mellon Strategic Municipals seller in Q1 2024 was Morgan Stanley, an estimated $4.4M sold.
Based on aggregated 13F filings for Q1 2024.