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LEO

BNY Mellon Strategic Municipals
LEO

82 hedge funds and large institutions have $99.8M invested in BNY Mellon Strategic Municipals in 2024 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 28 increasing their positions, 25 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

12% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 25

7% more capital invested

Capital invested by funds: $93.3M → $99.8M (+$6.5M)

0.71% more ownership

Funds ownership: 25.56% → 26.27% (+0.71%)

8% less funds holding

Funds holding: 89 → 82 (-7)

55% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 11

Holders
82
Holders Change
-7
Holders Change %
-7.87%
% of All Funds
1.18%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
5
Increased
28
Reduced
25
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$5.11M
2
HWAM
Hennion & Walsh Asset Management
New Jersey
+$2.15M
3
GC
Guggenheim Capital
Illinois
+$1.07M
4
Wells Fargo
Wells Fargo
California
+$795K
5
NMC
Nine Masts Capital
Hong Kong
+$607K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$4.4M
2
AC
Almitas Capital
California
-$1.68M
3
WAM
Weiss Asset Management
Massachusetts
-$359K
4
EC
Elequin Capital
New York
-$359K
5
Ameriprise
Ameriprise
Minnesota
-$306K
Name Holding Trade Value Shares
Change 		Change in
Stake
FCT
76
First Community Trust
Iowa
$10.4K – – –
GI
77
Gradient Investments
Minnesota
$10.4K – – –
PWMG
78
Prestige Wealth Management Group
New Jersey
$5.79K – – –
Bessemer Group
79
Bessemer Group
New Jersey
$5K -$1.42K -237 -22%
MWM
80
Mascoma Wealth Management
New Hampshire
$3.4K – – –
FIA
81
FNY Investment Advisers
New York
$6 +$5.98K +1,000 New
AC
82
Almitas Capital
California
– -$1.68M -285,933 Closed
WAM
83
Weiss Asset Management
Massachusetts
– -$359K -61,227 Closed
EC
84
Elequin Capital
New York
– -$359K -61,220 Closed
MFIM
85
Mesirow Financial Investment Management
Illinois
– -$150K -25,654 Closed
KWA
86
Kingswood Wealth Advisors
California
– -$150K -25,530 Closed
PI
87
Parkside Investments
Illinois
– -$117K -20,000 Closed
FWM
88
Fairhaven Wealth Management
Illinois
– -$109K -18,591 Closed
MG
89
Marex Group
– -$89.1K -15,200 Closed
XF
90
XML Financial
Maryland
– -$87.9K -15,000 Closed
VF
91
Virtu Financial
New York
– -$76K -12,897 Closed
Comerica Bank
92
Comerica Bank
Texas
– -$35.9K -6,134 Closed
1 2 3
4

LEO Hedge Fund Activity: Q1 2024 in Review

82 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q1 2024, worth a combined $99.8M — up 7% from $93.3M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of LEO and 5 opened new positions — a net loss of 6 holders — while 25 trimmed existing stakes and 28 added.

The largest buyer was Saba Capital Management, adding an estimated $5.11M. The largest seller was Morgan Stanley, cutting an estimated $4.4M.

  • 82 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q1 2024, down from 89 in Q4 2023.
  • Funds reported $99.8M of BNY Mellon Strategic Municipals stock for Q1 2024, up 7% quarter-over-quarter.
  • 5 funds opened new BNY Mellon Strategic Municipals positions in Q1 2024 and 11 closed out, a net change of -6 holders.
  • The largest BNY Mellon Strategic Municipals buyer in Q1 2024 was Saba Capital Management, an estimated $5.11M added.
  • The largest BNY Mellon Strategic Municipals seller in Q1 2024 was Morgan Stanley, an estimated $4.4M sold.

Based on aggregated 13F filings for Q1 2024.