BNY Mellon Strategic Municipals
LEO
73 hedge funds and large institutions have $62M invested in BNY Mellon Strategic Municipals in 2021 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 26 increasing their positions, 16 reducing their positions, and 11 closing their positions.
63% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 16
12% more capital invested
Capital invested by funds: $55.1M → $62M (+$6.83M)
1.28% more ownership
Funds ownership: 10.95% → 12.23% (+1.3%)
9% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 11
3% less funds holding
Funds holding: 75 → 73 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.47M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.29M |
| 3 |
Morgan Stanley
New York
|
+$1.14M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$409K |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$295K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisory
Hunt Valley,
Maryland
|
-$3.07M |
| 2 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$1.21M |
| 3 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
-$614K |
| 4 |
Millennium Management
New York
|
-$299K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$233K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DAS
76
Dynamic Advisor Solutions
Phoenix,
Arizona
| – | -$215K | -25,274 | Closed |
|
|
MAM
77
Marquette Asset Management
Minneapolis,
Minnesota
| – | -$214K | -25,184 | Closed |
|
|
SWP
78
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$212K | -25,000 | Closed |
|
|
DFG
79
Delphi Financial Group
Wilmington,
Delaware
| – | -$208K | -24,502 | Closed |
|
80
Stifel Financial
St. Louis,
Missouri
| – | -$137K | -16,073 | Closed |
|
|
EFS
81
Essex Financial Services
Essex,
Connecticut
| – | -$85K | -10,000 | Closed |
|
|
GWS
82
Glassman Wealth Services
Vienna,
Virginia
| – | -$55K | -6,500 | Closed |
|
|
AWG
83
Altus Wealth Group
Colorado Springs,
Colorado
| – | -$16K | -1,865 | Closed |
|
LEO Hedge Fund Activity: Q1 2021 in Review
73 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q1 2021, worth a combined $62M — up 12% from $55.1M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of LEO and 10 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 26 added.
The largest buyer was Robinson Capital Management, adding an estimated $1.47M. The largest seller was Cornerstone Advisory, cutting an estimated $3.07M.
- 73 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q1 2021, down from 75 in Q4 2020.
- Funds reported $62M of BNY Mellon Strategic Municipals stock for Q1 2021, up 12% quarter-over-quarter.
- 10 funds opened new BNY Mellon Strategic Municipals positions in Q1 2021 and 11 closed out, a net change of -1 holder.
- The largest BNY Mellon Strategic Municipals buyer in Q1 2021 was Robinson Capital Management, an estimated $1.47M added.
- The largest BNY Mellon Strategic Municipals seller in Q1 2021 was Cornerstone Advisory, an estimated $3.07M sold.
Based on aggregated 13F filings for Q1 2021.