BNY Mellon Strategic Municipals
LEO
75 hedge funds and large institutions have $55.1M invested in BNY Mellon Strategic Municipals in 2020 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 21 increasing their positions, 14 reducing their positions, and 8 closing their positions.
88% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 8
50% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 14
10% more funds holding
Funds holding: 68 → 75 (+7)
5% more capital invested
Capital invested by funds: $52.4M → $55.1M (+$2.72M)
0.28% more ownership
Funds ownership: 10.67% → 10.95% (+0.28%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.71M |
| 2 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$1.1M |
| 3 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
+$603K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$561K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$362K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
N
Nuveen
Charlotte,
North Carolina
|
-$1.06M |
| 2 |
CA
Cornerstone Advisory
Hunt Valley,
Maryland
|
-$977K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$916K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$733K |
| 5 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
-$277K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BRWM
76
B. Riley Wealth Management
Memphis,
Tennessee
| – | -$277K | -33,500 | Closed |
|
|
AAS
77
Avantax Advisory Services
Dallas,
Texas
| – | -$185K | -22,402 | Closed |
|
|
COLIM
78
City of London Investment Management
London,
United Kingdom
| – | -$156K | -18,792 | Closed |
|
79
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$93K | -11,244 | Closed |
|
|
FHA
80
First Horizon Advisors
Memphis,
Tennessee
| – | -$9K | -1,032 | Closed |
|
|
PAM
81
Panagora Asset Management
Boston,
Massachusetts
| – | -$4K | -533 | Closed |
|
|
ASN
82
Advisory Services Network
Atlanta,
Georgia
| – | -$3K | -400 | Closed |
|
LEO Hedge Fund Activity: Q4 2020 in Review
75 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q4 2020, worth a combined $55.1M — up 5.2% from $52.4M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new LEO positions and 8 closed out — a net gain of 7 holders — while 21 added to existing stakes and 14 trimmed.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $1.71M. The largest seller was Nuveen, exiting entirely with an estimated $1.06M sold.
- 75 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q4 2020, up from 68 in Q3 2020.
- Funds reported $55.1M of BNY Mellon Strategic Municipals stock for Q4 2020, up 5.2% quarter-over-quarter.
- 15 funds opened new BNY Mellon Strategic Municipals positions in Q4 2020 and 8 closed out, a net change of +7 holders.
- The largest BNY Mellon Strategic Municipals buyer in Q4 2020 was Robinson Capital Management, an estimated $1.71M added.
- The largest BNY Mellon Strategic Municipals seller in Q4 2020 was Nuveen, an estimated $1.06M sold.
Based on aggregated 13F filings for Q4 2020.