BNY Mellon Strategic Municipals
LEO
58 hedge funds and large institutions have $60.8M invested in BNY Mellon Strategic Municipals in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 23 increasing their positions, 15 reducing their positions, and 8 closing their positions.
53% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 15
1.02% less ownership
Funds ownership: 14.15% → 13.12% (-1%)
5% less funds holding
Funds holding: 61 → 58 (-3)
7% less capital invested
Capital invested by funds: $65.1M → $60.8M (-$4.37M)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.05M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$801K |
| 3 |
LPL Financial
San Diego,
California
|
+$725K |
| 4 |
CA
Cornerstone Advisory
Hunt Valley,
Maryland
|
+$623K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$256K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$5.74M |
| 2 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
-$724K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$543K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$302K |
| 5 |
CA
Cetera Advisors
Denver,
Colorado
|
-$301K |
LEO Hedge Fund Activity: Q2 2019 in Review
58 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q2 2019, worth a combined $60.8M — down 6.7% from $65.1M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of LEO and 6 opened new positions — a net loss of 2 holders — while 15 trimmed existing stakes and 23 added.
The largest buyer was Guggenheim Capital, adding an estimated $1.05M. The largest seller was Robinson Capital Management, cutting an estimated $5.74M.
- 58 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q2 2019, down from 61 in Q1 2019.
- Funds reported $60.8M of BNY Mellon Strategic Municipals stock for Q2 2019, down 6.7% quarter-over-quarter.
- 6 funds opened new BNY Mellon Strategic Municipals positions in Q2 2019 and 8 closed out, a net change of -2 holders.
- The largest BNY Mellon Strategic Municipals buyer in Q2 2019 was Guggenheim Capital, an estimated $1.05M added.
- The largest BNY Mellon Strategic Municipals seller in Q2 2019 was Robinson Capital Management, an estimated $5.74M sold.
Based on aggregated 13F filings for Q2 2019.