BNY Mellon Strategic Municipals
LEO
60 hedge funds and large institutions have $32M invested in BNY Mellon Strategic Municipals in 2016 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 23 increasing their positions, 10 reducing their positions, and 8 closing their positions.
130% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 10
18% more capital invested
Capital invested by funds: $27.1M → $32M (+$4.96M)
0.67% more ownership
Funds ownership: 5.23% → 5.89% (+0.67%)
9% less funds holding
Funds holding: 66 → 60 (-6)
75% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.17M |
| 2 |
ITIM
Indiana Trust & Investment Management
Mishawaka,
Indiana
|
+$1.88M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$666K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$650K |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$282K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.29M |
| 2 |
BW
Bison Wealth
Atlanta,
Georgia
|
-$412K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$347K |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$256K |
| 5 |
MIM
Macroview Investment Management
Bethesda,
Maryland
|
-$251K |
LEO Hedge Fund Activity: Q1 2016 in Review
60 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q1 2016, worth a combined $32M — up 18% from $27.1M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of LEO and 2 opened new positions — a net loss of 6 holders — while 10 trimmed existing stakes and 23 added.
The largest buyer was Guggenheim Capital, adding an estimated $2.17M. The largest seller was Morgan Stanley, cutting an estimated $1.29M.
- 60 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q1 2016, down from 66 in Q4 2015.
- Funds reported $32M of BNY Mellon Strategic Municipals stock for Q1 2016, up 18% quarter-over-quarter.
- 2 funds opened new BNY Mellon Strategic Municipals positions in Q1 2016 and 8 closed out, a net change of -6 holders.
- The largest BNY Mellon Strategic Municipals buyer in Q1 2016 was Guggenheim Capital, an estimated $2.17M added.
- The largest BNY Mellon Strategic Municipals seller in Q1 2016 was Morgan Stanley, an estimated $1.29M sold.
Based on aggregated 13F filings for Q1 2016.