BNY Mellon Strategic Municipals
LEO
85 hedge funds and large institutions have $112M invested in BNY Mellon Strategic Municipals in 2024 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 31 increasing their positions, 28 reducing their positions, and 6 closing their positions.
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
12% more capital invested
Capital invested by funds: $99.8M → $112M (+$12M)
11% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 28
4% more funds holding
Funds holding: 82 → 85 (+3)
3.04% more ownership
Funds ownership: 26.27% → 29.31% (+3%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$15M |
| 2 |
Pathstone Holdings
Englewood,
New Jersey
|
+$2.01M |
| 3 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$663K |
| 4 |
AC
Almitas Capital
Santa Monica,
California
|
+$344K |
| 5 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$235K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$2.25M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$1.6M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$1.21M |
| 4 |
Truist Financial
Charlotte,
North Carolina
|
-$821K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$763K |
LEO Hedge Fund Activity: Q2 2024 in Review
85 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q2 2024, worth a combined $112M — up 12% from $99.8M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new LEO positions and 6 closed out — a net gain of 3 holders — while 31 added to existing stakes and 28 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $15M. The largest seller was Logan Stone Capital, cutting an estimated $2.25M.
- 85 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q2 2024, up from 82 in Q1 2024.
- Funds reported $112M of BNY Mellon Strategic Municipals stock for Q2 2024, up 12% quarter-over-quarter.
- 9 funds opened new BNY Mellon Strategic Municipals positions in Q2 2024 and 6 closed out, a net change of +3 holders.
- The largest BNY Mellon Strategic Municipals buyer in Q2 2024 was Saba Capital Management, an estimated $15M added.
- The largest BNY Mellon Strategic Municipals seller in Q2 2024 was Logan Stone Capital, an estimated $2.25M sold.
Based on aggregated 13F filings for Q2 2024.