BNY Mellon Strategic Municipals
LEO
61 hedge funds and large institutions have $54.1M invested in BNY Mellon Strategic Municipals in 2020 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 23 increasing their positions, 10 reducing their positions, and 11 closing their positions.
130% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 10
3% more capital invested
Capital invested by funds: $52.6M → $54.1M (+$1.55M)
0.14% less ownership
Funds ownership: 11.9% → 11.76% (-0.14%)
5% less funds holding
Funds holding: 64 → 61 (-3)
27% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 11
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$901K |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
+$632K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$344K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$291K |
| 5 |
WKWM
Walter & Keenan Wealth Management
Souh Bend,
Indiana
|
+$223K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisory
Hunt Valley,
Maryland
|
-$2.09M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$506K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$379K |
| 4 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
-$250K |
| 5 |
LPL Financial
San Diego,
California
|
-$171K |
LEO Hedge Fund Activity: Q2 2020 in Review
61 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q2 2020, worth a combined $54.1M — up 3% from $52.6M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of LEO and 8 opened new positions — a net loss of 3 holders — while 10 trimmed existing stakes and 23 added.
The largest buyer was Guggenheim Capital, adding an estimated $901K. The largest seller was Cornerstone Advisory, cutting an estimated $2.09M.
- 61 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q2 2020, down from 64 in Q1 2020.
- Funds reported $54.1M of BNY Mellon Strategic Municipals stock for Q2 2020, up 3% quarter-over-quarter.
- 8 funds opened new BNY Mellon Strategic Municipals positions in Q2 2020 and 11 closed out, a net change of -3 holders.
- The largest BNY Mellon Strategic Municipals buyer in Q2 2020 was Guggenheim Capital, an estimated $901K added.
- The largest BNY Mellon Strategic Municipals seller in Q2 2020 was Cornerstone Advisory, an estimated $2.09M sold.
Based on aggregated 13F filings for Q2 2020.