BNY Mellon Strategic Municipals
LEO
80 hedge funds and large institutions have $60.8M invested in BNY Mellon Strategic Municipals in 2023 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 25 increasing their positions, 21 reducing their positions, and 7 closing their positions.
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
19% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 21
4% more funds holding
Funds holding: 77 → 80 (+3)
3.16% more ownership
Funds ownership: 15.15% → 18.31% (+3.2%)
4% more capital invested
Capital invested by funds: $58.7M → $60.8M (+$2.11M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$6.32M |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$3.51M |
| 3 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$2.5M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$1.71M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$460K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.56M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$631K |
| 3 |
WP
Woodline Partners
San Francisco,
California
|
-$610K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$420K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$262K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FCT
76
First Community Trust
Dubuque,
Iowa
| $9.06K | – | – | – |
|
|
GI
77
Gradient Investments
Arden Hills,
Minnesota
| $9.06K | – | – | – |
|
|
PWMG
78
Prestige Wealth Management Group
Flemington,
New Jersey
| $5.08K | – | – | – |
|
|
MWM
79
Mascoma Wealth Management
Hanover,
New Hampshire
| $2.97K | – | – | – |
|
|
OSNBOA
80
Old Second National Bank of Aurora
Aurora,
Illinois
| $96 | – | – | – |
|
|
81
Invesco
Atlanta,
Georgia
| – | -$262K | -42,105 | Closed |
|
82
Nomura Holdings
Tokyo,
Japan
| – | -$156K | -25,100 | Closed |
|
|
NL
83
NWAM LLC
Mercer Island,
Washington
| – | -$96.4K | -15,500 | Closed |
|
|
HF
84
HRT Financial
New York
| – | -$72K | -11,663 | Closed |
|
|
WAM
85
WFA Asset Management
Whitefish Bay,
Wisconsin
| – | -$40.5K | -6,511 | Closed |
|
|
WB
86
Webster Bank
Waterbury,
Connecticut
| – | -$17.5K | -2,810 | Closed |
|
87
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$5K | -775 | Closed |
|
LEO Hedge Fund Activity: Q3 2023 in Review
80 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q3 2023, worth a combined $60.8M — up 3.6% from $58.7M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new LEO positions and 7 closed out — a net gain of 3 holders — while 25 added to existing stakes and 21 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $6.32M. The largest seller was Morgan Stanley, cutting an estimated $2.56M.
- 80 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q3 2023, up from 77 in Q2 2023.
- Funds reported $60.8M of BNY Mellon Strategic Municipals stock for Q3 2023, up 3.6% quarter-over-quarter.
- 10 funds opened new BNY Mellon Strategic Municipals positions in Q3 2023 and 7 closed out, a net change of +3 holders.
- The largest BNY Mellon Strategic Municipals buyer in Q3 2023 was Rivernorth Capital Management, an estimated $6.32M added.
- The largest BNY Mellon Strategic Municipals seller in Q3 2023 was Morgan Stanley, an estimated $2.56M sold.
Based on aggregated 13F filings for Q3 2023.