BNY Mellon Strategic Municipals
LEO
88 hedge funds and large institutions have $148M invested in BNY Mellon Strategic Municipals in 2025 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 27 increasing their positions, 28 reducing their positions, and 19 closing their positions.
10% more capital invested
Capital invested by funds: $135M → $148M (+$13M)
2.92% more ownership
Funds ownership: 35.85% → 38.77% (+2.9%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
4% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 28
14% less funds holding
Funds holding: 102 → 88 (-14)
58% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pathstone Holdings
Englewood,
New Jersey
|
+$5.44M |
| 2 |
Verition Fund Management
Greenwich,
Connecticut
|
+$4.22M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.79M |
| 4 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
+$1.65M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$1.06M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$908K |
| 3 |
Morgan Stanley
New York
|
-$716K |
| 4 |
VanEck Associates
New York
|
-$654K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$584K |
LEO Hedge Fund Activity: Q1 2025 in Review
88 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q1 2025, worth a combined $148M — up 9.6% from $135M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of LEO and 8 opened new positions — a net loss of 11 holders — while 28 trimmed existing stakes and 27 added.
The largest buyer was Pathstone Holdings, adding an estimated $5.44M. The largest seller was Logan Stone Capital, cutting an estimated $1.06M.
- 88 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q1 2025, down from 102 in Q4 2024.
- Funds reported $148M of BNY Mellon Strategic Municipals stock for Q1 2025, up 9.6% quarter-over-quarter.
- 8 funds opened new BNY Mellon Strategic Municipals positions in Q1 2025 and 19 closed out, a net change of -11 holders.
- The largest BNY Mellon Strategic Municipals buyer in Q1 2025 was Pathstone Holdings, an estimated $5.44M added.
- The largest BNY Mellon Strategic Municipals seller in Q1 2025 was Logan Stone Capital, an estimated $1.06M sold.
Based on aggregated 13F filings for Q1 2025.