BNY Mellon Strategic Municipals
LEO
89 hedge funds and large institutions have $130M invested in BNY Mellon Strategic Municipals in 2024 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 26 increasing their positions, 31 reducing their positions, and 8 closing their positions.
50% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 8
16% more capital invested
Capital invested by funds: $112M → $130M (+$18.1M)
5% more funds holding
Funds holding: 85 → 89 (+4)
2.72% more ownership
Funds ownership: 29.31% → 32.04% (+2.7%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
16% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pathstone Holdings
Englewood,
New Jersey
|
+$3.99M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.12M |
| 3 |
SCM
Saba Capital Management
New York
|
+$2.42M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.64M |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$1.59M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.02M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$963K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$598K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$442K |
LEO Hedge Fund Activity: Q3 2024 in Review
89 of the 6,978 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q3 2024, worth a combined $130M — up 16% from $112M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new LEO positions and 8 closed out — a net gain of 4 holders — while 26 added to existing stakes and 31 trimmed.
The largest buyer was Pathstone Holdings, adding an estimated $3.99M. The largest seller was UBS Group, cutting an estimated $1.59M.
- 89 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q3 2024, up from 85 in Q2 2024.
- Funds reported $130M of BNY Mellon Strategic Municipals stock for Q3 2024, up 16% quarter-over-quarter.
- 12 funds opened new BNY Mellon Strategic Municipals positions in Q3 2024 and 8 closed out, a net change of +4 holders.
- The largest BNY Mellon Strategic Municipals buyer in Q3 2024 was Pathstone Holdings, an estimated $3.99M added.
- The largest BNY Mellon Strategic Municipals seller in Q3 2024 was UBS Group, an estimated $1.59M sold.
Based on aggregated 13F filings for Q3 2024.