BNY Mellon Strategic Municipals
LEO
62 hedge funds and large institutions have $61.6M invested in BNY Mellon Strategic Municipals in 2019 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 18 increasing their positions, 13 reducing their positions, and 4 closing their positions.
125% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 4
38% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 13
9% more funds holding
Funds holding: 57 → 62 (+5)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.96% less ownership
Funds ownership: 13.07% → 12.1% (-0.96%)
3% less capital invested
Capital invested by funds: $63.5M → $61.6M (-$1.91M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$3.85M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$705K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$499K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$414K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$312K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$5.66M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.74M |
| 3 |
CA
Cornerstone Advisory
Hunt Valley,
Maryland
|
-$1.82M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$275K |
| 5 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
-$258K |
LEO Hedge Fund Activity: Q3 2019 in Review
62 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q3 2019, worth a combined $61.6M — down 3% from $63.5M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new LEO positions and 4 closed out — a net gain of 5 holders — while 18 added to existing stakes and 13 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $3.85M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $5.66M sold.
- 62 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q3 2019, up from 57 in Q2 2019.
- Funds reported $61.6M of BNY Mellon Strategic Municipals stock for Q3 2019, down 3% quarter-over-quarter.
- 9 funds opened new BNY Mellon Strategic Municipals positions in Q3 2019 and 4 closed out, a net change of +5 holders.
- The largest BNY Mellon Strategic Municipals buyer in Q3 2019 was Guggenheim Capital, an estimated $3.85M added.
- The largest BNY Mellon Strategic Municipals seller in Q3 2019 was Robinson Capital Management, an estimated $5.66M sold.
Based on aggregated 13F filings for Q3 2019.