BNY Mellon Strategic Municipals
LEO
66 hedge funds and large institutions have $38.5M invested in BNY Mellon Strategic Municipals in 2018 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 17 increasing their positions, 13 reducing their positions, and 10 closing their positions.
70% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 10
31% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 13
22% more capital invested
Capital invested by funds: $31.6M → $38.5M (+$6.95M)
10% more funds holding
Funds holding: 60 → 66 (+6)
2.26% more ownership
Funds ownership: 6.2% → 8.46% (+2.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$6.61M |
| 2 |
LCM
Laurion Capital Management
New York
|
+$3.2M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.35M |
| 4 |
SG Americas Securities
New York
|
+$1.22M |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ITIM
Indiana Trust & Investment Management
Mishawaka,
Indiana
|
-$1.86M |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$1.03M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$771K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$486K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$413K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
JP Morgan Chase
New York
| – | -$26K | -3,000 | Closed |
|
|
TIM
77
Tortoise Investment Management
White Plains,
New York
| – | +$24 | +3 | New |
|
LEO Hedge Fund Activity: Q1 2018 in Review
66 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q1 2018, worth a combined $38.5M — up 22% from $31.6M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new LEO positions and 10 closed out — a net gain of 7 holders — while 17 added to existing stakes and 13 trimmed.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $6.61M. The largest seller was Indiana Trust & Investment Management, exiting entirely with an estimated $1.86M sold.
- 66 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q1 2018, up from 60 in Q4 2017.
- Funds reported $38.5M of BNY Mellon Strategic Municipals stock for Q1 2018, up 22% quarter-over-quarter.
- 17 funds opened new BNY Mellon Strategic Municipals positions in Q1 2018 and 10 closed out, a net change of +7 holders.
- The largest BNY Mellon Strategic Municipals buyer in Q1 2018 was Robinson Capital Management, an estimated $6.61M added.
- The largest BNY Mellon Strategic Municipals seller in Q1 2018 was Indiana Trust & Investment Management, an estimated $1.86M sold.
Based on aggregated 13F filings for Q1 2018.