BNY Mellon Strategic Municipals
LEO
71 hedge funds and large institutions have $84.3M 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)
82% more capital invested
Capital invested by funds: $46.2M → $84.3M (+$38.1M)
53% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 15
11% more funds holding
Funds holding: 64 → 71 (+7)
1.83% more ownership
Funds ownership: 10.18% → 12.01% (+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 4,391 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q3 2018, worth a combined $84.3M — up 82% from $46.2M 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 $84.3M of BNY Mellon Strategic Municipals stock for Q3 2018, up 82% 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.