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 9 funds opening new positions, 11 increasing their positions, 18 reducing their positions, and 7 closing their positions.
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
18% more capital inflows, than outflows
Capital inflows: $4.01M | Capital outflows: $3.4M
2% more funds holding
Funds holding: 59 → 60 (+1)
0.11% more ownership
Funds ownership: 7.14% → 7.25% (+0.11%)
39% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
+$1.71M |
| 2 |
Guggenheim Capital
Chicago,
Illinois
|
+$535K |
| 3 |
Nuveen
Charlotte,
North Carolina
|
+$358K |
| 4 |
Virtu KCG Holdings
New York
|
+$225K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$211K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.4M |
| 2 |
VanEck Associates
New York
|
-$352K |
| 3 |
SeaBridge Investment Advisors
Summit,
New Jersey
|
-$222K |
| 4 |
Sit Investment Associates
Minneapolis,
Minnesota
|
-$182K |
| 5 |
LPL Financial
San Diego,
California
|
-$160K |
LEO Hedge Fund Activity: Q4 2016 in Review
60 of the 4,008 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: 9 funds opened new LEO positions and 7 closed out — a net gain of 2 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 59 in Q3 2016.
- Funds reported $37.5M of BNY Mellon Strategic Municipals stock for Q4 2016, down 8.7% quarter-over-quarter.
- 9 funds opened new BNY Mellon Strategic Municipals positions in Q4 2016 and 7 closed out, a net change of +2 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.