BNY Mellon Strategic Municipals
LEO
68 hedge funds and large institutions have $52.4M invested in BNY Mellon Strategic Municipals in 2020 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 14 increasing their positions, 20 reducing their positions, and 5 closing their positions.
140% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 5
11% more funds holding
Funds holding: 61 → 68 (+7)
3% less capital invested
Capital invested by funds: $54.1M → $52.4M (-$1.7M)
1.08% less ownership
Funds ownership: 11.76% → 10.67% (-1.1%)
30% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
+$447K |
| 2 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
+$277K |
| 3 |
CF
Centaurus Financial
Anaheim,
California
|
+$190K |
| 4 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
+$185K |
| 5 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
+$184K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisory
Hunt Valley,
Maryland
|
-$1.67M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.64M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$840K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$761K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$616K |
LEO Hedge Fund Activity: Q3 2020 in Review
68 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q3 2020, worth a combined $52.4M — down 3.1% from $54.1M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new LEO positions and 5 closed out — a net gain of 7 holders — while 14 added to existing stakes and 20 trimmed.
The largest buyer was Osaic Holdings, adding an estimated $447K. The largest seller was Cornerstone Advisory, cutting an estimated $1.67M.
- 68 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q3 2020, up from 61 in Q2 2020.
- Funds reported $52.4M of BNY Mellon Strategic Municipals stock for Q3 2020, down 3.1% quarter-over-quarter.
- 12 funds opened new BNY Mellon Strategic Municipals positions in Q3 2020 and 5 closed out, a net change of +7 holders.
- The largest BNY Mellon Strategic Municipals buyer in Q3 2020 was Osaic Holdings, an estimated $447K added.
- The largest BNY Mellon Strategic Municipals seller in Q3 2020 was Cornerstone Advisory, an estimated $1.67M sold.
Based on aggregated 13F filings for Q3 2020.