BNY Mellon Strategic Municipals
LEO
65 hedge funds and large institutions have $25.2M invested in BNY Mellon Strategic Municipals in 2015 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 14 increasing their positions, 18 reducing their positions, and 8 closing their positions.
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
3% more funds holding
Funds holding: 63 → 65 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.45% less ownership
Funds ownership: 5.45% → 5% (-0.45%)
5% less capital invested
Capital invested by funds: $26.5M → $25.2M (-$1.31M)
22% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$400K |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$244K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$143K |
| 4 |
BW
Bison Wealth
Atlanta,
Georgia
|
+$142K |
| 5 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$132K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$1.71M |
| 2 |
MIM
Macroview Investment Management
Bethesda,
Maryland
|
-$369K |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$196K |
| 4 |
Comerica Bank
Dallas,
Texas
|
-$172K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$162K |
LEO Hedge Fund Activity: Q3 2015 in Review
65 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q3 2015, worth a combined $25.2M — down 4.9% from $26.5M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new LEO positions and 8 closed out — a net gain of 2 holders — while 14 added to existing stakes and 18 trimmed.
The largest buyer was Advisors Asset Management, opening a new position worth an estimated $400K. The largest seller was Newgate Capital Management, exiting entirely with an estimated $1.71M sold.
- 65 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q3 2015, up from 63 in Q2 2015.
- Funds reported $25.2M of BNY Mellon Strategic Municipals stock for Q3 2015, down 4.9% quarter-over-quarter.
- 10 funds opened new BNY Mellon Strategic Municipals positions in Q3 2015 and 8 closed out, a net change of +2 holders.
- The largest BNY Mellon Strategic Municipals buyer in Q3 2015 was Advisors Asset Management, an estimated $400K added.
- The largest BNY Mellon Strategic Municipals seller in Q3 2015 was Newgate Capital Management, an estimated $1.71M sold.
Based on aggregated 13F filings for Q3 2015.