BNY Mellon Strategic Municipals
LEO
71 hedge funds and large institutions have $84M invested in BNY Mellon Strategic Municipals in 2018 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 23 increasing their positions, 15 reducing their positions, and 5 closing their positions.
140% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 5
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
86% more capital invested
Capital invested by funds: $45.1M → $84M (+$38.9M)
53% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 15
11% more funds holding
Funds holding: 64 → 71 (+7)
1.79% more ownership
Funds ownership: 10.18% → 11.97% (+1.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisory
Hunt Valley,
Maryland
|
+$6.5M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.51M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.01M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$694K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$2.81M |
| 2 |
SG Americas Securities
New York
|
-$806K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$626K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$151K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$103K |
LEO Hedge Fund Activity: Q3 2018 in Review
71 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q3 2018, worth a combined $84M — up 86% from $45.1M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new LEO positions and 5 closed out — a net gain of 7 holders — while 23 added to existing stakes and 15 trimmed.
The largest buyer was Cornerstone Advisory, adding an estimated $6.5M. The largest seller was Laurion Capital Management, cutting an estimated $2.81M.
- 71 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q3 2018, up from 64 in Q2 2018.
- Funds reported $84M of BNY Mellon Strategic Municipals stock for Q3 2018, up 86% quarter-over-quarter.
- 12 funds opened new BNY Mellon Strategic Municipals positions in Q3 2018 and 5 closed out, a net change of +7 holders.
- The largest BNY Mellon Strategic Municipals buyer in Q3 2018 was Cornerstone Advisory, an estimated $6.5M added.
- The largest BNY Mellon Strategic Municipals seller in Q3 2018 was Laurion Capital Management, an estimated $2.81M sold.
Based on aggregated 13F filings for Q3 2018.