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LEO

BNY Mellon Strategic Municipals
LEO

60 hedge funds and large institutions have $37.5M invested in BNY Mellon Strategic Municipals in 2016 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 11 increasing their positions, 18 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 7

3% more funds holding

Funds holding: 58 → 60 (+2)

0.11% more ownership

Funds ownership: 7.13% → 7.25% (+0.11%)

9% less capital invested

Capital invested by funds: $41.1M → $37.5M (-$3.57M)

39% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 18

Holders
60
Holders Change
+2
Holders Change %
+3.45%
% of All Funds
1.5%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
11
Reduced
18
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Bessemer Group
Bessemer Group
New Jersey
+$1.71M
2
GC
Guggenheim Capital
Illinois
+$535K
3
N
Nuveen
North Carolina
+$358K
4
VKH
Virtu KCG Holdings
New York
+$225K
5
Bank of America
Bank of America
North Carolina
+$211K

Top Sellers

1
RCM
Robinson Capital Management
Michigan
-$1.4M
2
VanEck Associates
VanEck Associates
New York
-$352K
3
SIA
SeaBridge Investment Advisors
New Jersey
-$222K
4
SIA
Sit Investment Associates
Minnesota
-$182K
5
LPL Financial
LPL Financial
California
-$160K
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
1
Guggenheim Capital
Illinois
$10.7M +$535K +62,365 +5%
UBS Group
2
UBS Group
Switzerland
$2.41M +$181K +21,114 +8%
ITIM
3
Indiana Trust & Investment Management
Indiana
$1.81M – – –
Bessemer Group
4
Bessemer Group
New Jersey
$1.68M +$1.71M +200,000 New
Morgan Stanley
5
Morgan Stanley
New York
$1.61M +$30.1K +3,511 +2%
CIA
6
Capital Investment Advisors
Georgia
$1.57M +$86.1K +10,038 +6%
SIA
7
Sit Investment Associates
Minnesota
$1.55M -$182K -21,253 -10%
Wells Fargo
8
Wells Fargo
California
$1.45M +$122K +14,232 +9%
AAM
9
Advisors Asset Management
Colorado
$1.4M -$130K -15,211 -8%
RJA
10
Raymond James & Associates
Florida
$1.11M -$34.2K -3,992 -3%
PMG
11
ProVise Management Group
Florida
$1.05M -$10.1K -1,177 -0.9%
Baird Financial Group
12
Baird Financial Group
Wisconsin
$1.02M -$37.5K -4,368 -3%
N
13
Nuveen
North Carolina
$857K +$358K +41,744 +69%
VanEck Associates
14
VanEck Associates
New York
$813K -$352K -41,107 -30%
LPL Financial
15
LPL Financial
California
$724K -$160K -18,629 -18%
HighTower Advisors
16
HighTower Advisors
Illinois
$641K -$5.09K -594 -0.8%
MAM
17
Marquette Asset Management
Minnesota
$472K – – –
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$448K -$2.79K -325 -0.6%
DLG
19
Daniel L. Goodwin
$403K – – –
WA
20
WealthTrust Axiom
Pennsylvania
$395K -$25.5K -2,975 -6%
Bank of America
21
Bank of America
North Carolina
$394K +$211K +24,596 +111%
Commonwealth Equity Services
22
Commonwealth Equity Services
Massachusetts
$363K +$2.08K +242 +0.6%
CA
23
Cornerstone Advisory
Maryland
$346K – – –
PNC Financial Services Group
24
PNC Financial Services Group
Pennsylvania
$345K +$156K +18,204 +80%
MIM
25
Macroview Investment Management
Maryland
$342K -$86K -10,030 -20%
1
2 3

LEO Hedge Fund Activity: Q4 2016 in Review

60 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q4 2016, worth a combined $37.5M — down 8.7% from $41.1M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new LEO positions and 7 closed out — a net gain of 3 holders — while 11 added to existing stakes and 18 trimmed.

The largest buyer was Bessemer Group, opening a new position worth an estimated $1.71M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $1.4M sold.

  • 60 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q4 2016, up from 58 in Q3 2016.
  • Funds reported $37.5M of BNY Mellon Strategic Municipals stock for Q4 2016, down 8.7% quarter-over-quarter.
  • 10 funds opened new BNY Mellon Strategic Municipals positions in Q4 2016 and 7 closed out, a net change of +3 holders.
  • The largest BNY Mellon Strategic Municipals buyer in Q4 2016 was Bessemer Group, an estimated $1.71M added.
  • The largest BNY Mellon Strategic Municipals seller in Q4 2016 was Robinson Capital Management, an estimated $1.4M sold.

Based on aggregated 13F filings for Q4 2016.