BNY Mellon Strategic Municipals
LEO
72 hedge funds and large institutions have $65.2M invested in BNY Mellon Strategic Municipals in 2018 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 20 increasing their positions, 21 reducing their positions, and 12 closing their positions.
3.37% more ownership
Funds ownership: 11.97% → 15.33% (+3.4%)
1% more funds holding
Funds holding: 71 → 72 (+1)
8% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 12
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
5% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 21
22% less capital invested
Capital invested by funds: $84M → $65.2M (-$18.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisory
Hunt Valley,
Maryland
|
+$5.99M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.98M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.82M |
| 4 |
Morgan Stanley
New York
|
+$1.61M |
| 5 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
+$1.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$4.44M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$943K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$793K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$549K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$495K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SFS
76
Sowell Financial Services
North Little Rock,
Arkansas
| – | -$94K | -12,507 | Closed |
|
|
SWA
77
Sutton Wealth Advisors
Tampa,
Florida
| – | -$56.1K | -7,474 | Closed |
|
78
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$38K | -5,000 | Closed |
|
|
SPIA
79
Steward Partners Investment Advisory
New York
| – | -$30K | -3,960 | Closed |
|
|
APP
80
Avantax Planning Partners
Dubuque,
Iowa
| – | -$6K | -856 | Closed |
|
|
FCMT
81
Founders Capital Management (Texas)
Houston,
Texas
| – | -$6K | -750 | Closed |
|
|
WSTAM
82
Wilbanks Smith & Thomas Asset Management
Norfolk,
Virginia
| – | -$4K | -500 | Closed |
|
|
CFA
83
Carroll Financial Associates
Charlotte,
North Carolina
| – | -$1K | -250 | Closed |
|
|
RFA
84
Reilly Financial Advisors
La Mesa,
California
| – | -$1K | -200 | Closed |
|
LEO Hedge Fund Activity: Q4 2018 in Review
72 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q4 2018, worth a combined $65.2M — down 22% from $84M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new LEO positions and 12 closed out — a net gain of 1 holder — while 20 added to existing stakes and 21 trimmed.
The largest buyer was Cornerstone Advisory, adding an estimated $5.99M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $4.44M sold.
- 72 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q4 2018, up from 71 in Q3 2018.
- Funds reported $65.2M of BNY Mellon Strategic Municipals stock for Q4 2018, down 22% quarter-over-quarter.
- 13 funds opened new BNY Mellon Strategic Municipals positions in Q4 2018 and 12 closed out, a net change of +1 holder.
- The largest BNY Mellon Strategic Municipals buyer in Q4 2018 was Cornerstone Advisory, an estimated $5.99M added.
- The largest BNY Mellon Strategic Municipals seller in Q4 2018 was Laurion Capital Management, an estimated $4.44M sold.
Based on aggregated 13F filings for Q4 2018.