BNY Mellon Strategic Municipals
LEO
61 hedge funds and large institutions have $65.1M invested in BNY Mellon Strategic Municipals in 2019 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 23 increasing their positions, 13 reducing their positions, and 15 closing their positions.
77% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 13
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% less capital invested
Capital invested by funds: $65.2M → $65.1M (-$66.4K)
1.18% less ownership
Funds ownership: 15.33% → 14.15% (-1.2%)
15% less funds holding
Funds holding: 72 → 61 (-11)
73% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisory
Hunt Valley,
Maryland
|
+$1.2M |
| 2 |
Morgan Stanley
New York
|
+$1.1M |
| 3 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
+$939K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$765K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$557K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.28M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.22M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.06M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$726K |
| 5 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
-$636K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Fidelity Investments
Boston,
Massachusetts
| – | -$1K | -114 | Closed |
|
LEO Hedge Fund Activity: Q1 2019 in Review
61 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q1 2019, worth a combined $65.1M — down 0.1% from $65.2M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of LEO and 4 opened new positions — a net loss of 11 holders — while 13 trimmed existing stakes and 23 added.
The largest buyer was Cornerstone Advisory, adding an estimated $1.2M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.28M.
- 61 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q1 2019, down from 72 in Q4 2018.
- Funds reported $65.1M of BNY Mellon Strategic Municipals stock for Q1 2019, down 0.1% quarter-over-quarter.
- 4 funds opened new BNY Mellon Strategic Municipals positions in Q1 2019 and 15 closed out, a net change of -11 holders.
- The largest BNY Mellon Strategic Municipals buyer in Q1 2019 was Cornerstone Advisory, an estimated $1.2M added.
- The largest BNY Mellon Strategic Municipals seller in Q1 2019 was Rivernorth Capital Management, an estimated $3.28M sold.
Based on aggregated 13F filings for Q1 2019.