BNY Mellon Strategic Municipals
LEO
88 hedge funds and large institutions have $146M invested in BNY Mellon Strategic Municipals in 2025 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 27 increasing their positions, 28 reducing their positions, and 18 closing their positions.
8% more capital invested
Capital invested by funds: $135M → $146M (+$10.9M)
2.36% more ownership
Funds ownership: 35.85% → 38.2% (+2.4%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
4% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 28
14% less funds holding
Funds holding: 102 → 88 (-14)
56% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pathstone Holdings
Englewood,
New Jersey
|
+$5.44M |
| 2 |
Verition Fund Management
Greenwich,
Connecticut
|
+$4.22M |
| 3 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
+$1.65M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.4M |
| 5 |
SCM
Saba Capital Management
New York
|
+$1.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$1.06M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$908K |
| 3 |
Morgan Stanley
New York
|
-$716K |
| 4 |
VanEck Associates
New York
|
-$654K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$584K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Walleye Capital
New York
| – | -$71.4K | -11,818 | Closed |
|
|
XF
102
XML Financial
Bethesda,
Maryland
| – | -$60.4K | -10,000 | Closed |
|
103
Bessemer Group
Woodbridge,
New Jersey
| – | -$12K | -1,921 | Closed |
|
|
FCT
104
First Community Trust
Dubuque,
Iowa
| – | -$10.3K | -1,700 | Closed |
|
|
TRCT
105
Tower Research Capital (TRC)
New York
| – | -$151 | -25 | Closed |
|
106
BlackRock
New York
| – | -$5 | -1 | Closed |
|
LEO Hedge Fund Activity: Q1 2025 in Review
88 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q1 2025, worth a combined $146M — up 8.1% from $135M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of LEO and 8 opened new positions — a net loss of 10 holders — while 28 trimmed existing stakes and 27 added.
The largest buyer was Pathstone Holdings, adding an estimated $5.44M. The largest seller was Logan Stone Capital, cutting an estimated $1.06M.
- 88 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q1 2025, down from 102 in Q4 2024.
- Funds reported $146M of BNY Mellon Strategic Municipals stock for Q1 2025, up 8.1% quarter-over-quarter.
- 8 funds opened new BNY Mellon Strategic Municipals positions in Q1 2025 and 18 closed out, a net change of -10 holders.
- The largest BNY Mellon Strategic Municipals buyer in Q1 2025 was Pathstone Holdings, an estimated $5.44M added.
- The largest BNY Mellon Strategic Municipals seller in Q1 2025 was Logan Stone Capital, an estimated $1.06M sold.
Based on aggregated 13F filings for Q1 2025.