We are live on ! Find out more
LEO

BNY Mellon Strategic Municipals
LEO

88 hedge funds and large institutions have $146M 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 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% more capital invested

Capital invested by funds: $135M → $146M (+$10.9M)

2.36% more ownership

Funds ownership: 35.85% → 38.2% (+2.4%)

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)

56% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 18

Holders
88
Holders Change
-14
Holders Change %
-13.73%
% of All Funds
1.18%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
8
Increased
27
Reduced
28
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Pathstone Holdings
Pathstone Holdings
New Jersey
+$5.44M
2
Verition Fund Management
Verition Fund Management
Connecticut
+$4.22M
3
WA
Whitebox Advisors
Minnesota
+$1.65M
4
SIA
Sit Investment Associates
Minnesota
+$1.4M
5
SCM
Saba Capital Management
New York
+$1.12M

Top Sellers

Rank Fund Capital Flow
1
LSC
Logan Stone Capital
Illinois
-$1.06M
2
AA
AQR Arbitrage
Connecticut
-$908K
3
Morgan Stanley
Morgan Stanley
New York
-$716K
4
VanEck Associates
VanEck Associates
New York
-$654K
5
WAM
Wolverine Asset Management
Illinois
-$584K
Name Holding Trade Value Shares
Change 		Change in
Stake
SCM
1
Saba Capital Management
New York
$31.3M +$1.12M +181,976 +4%
Pathstone Holdings
2
Pathstone Holdings
New Jersey
$14.7M +$5.44M +881,134 +59%
RCM
3
Rivernorth Capital Management
Florida
$14M -$317K -51,239 -2%
Wells Fargo
4
Wells Fargo
California
$9.48M +$519K +84,008 +6%
HWAM
5
Hennion & Walsh Asset Management
New Jersey
$8.77M -$73K -11,810 -0.8%
LSC
6
Logan Stone Capital
Illinois
$6.57M -$1.06M -171,735 -14%
GC
7
Guggenheim Capital
Illinois
$4.79M -$240K -38,890 -5%
Verition Fund Management
8
Verition Fund Management
Connecticut
$4.18M +$4.22M +683,735 New
SIA
9
Sit Investment Associates
Minnesota
$3.31M +$1.4M +227,008 +72%
Morgan Stanley
10
Morgan Stanley
New York
$3.19M -$716K -115,977 -18%
CIA
11
Capital Investment Advisors
Georgia
$2.8M -$82.8K -13,401 -3%
VanEck Associates
12
VanEck Associates
New York
$2.61M -$654K -105,898 -20%
GP
13
Gridiron Partners
Pennsylvania
$2.47M – – –
Capstone Investment Advisors
14
Capstone Investment Advisors
New York
$2.32M +$571K +92,378 +32%
COLIM
15
City of London Investment Management
United Kingdom
$2.08M +$656K +106,118 +45%
AAM
16
Advisors Asset Management
Colorado
$2.07M +$604K +97,807 +41%
Cohen & Steers
17
Cohen & Steers
New York
$1.92M +$309K +50,000 +19%
ACA
18
Ackerman Capital Advisors
Texas
$1.82M -$127K -20,499 -6%
MC
19
Matisse Capital
Oregon
$1.67M – – –
WA
20
Whitebox Advisors
Minnesota
$1.64M +$1.65M +267,300 New
RP
21
Riverbridge Partners
Minnesota
$1.31M +$106K +17,152 +9%
1CP
22
1607 Capital Partners
Virginia
$1.26M – – –
AA
23
AQR Arbitrage
Connecticut
$1.23M -$908K -146,992 -42%
Bank of America
24
Bank of America
North Carolina
$1.2M -$372K -60,297 -24%
Bank of New York Mellon
25
Bank of New York Mellon
New York
$1.2M – – –
1
2 3 4 5

LEO Hedge Fund Activity: Q1 2025 in Review

88 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q1 2025, worth a combined $146M — up 8.1% from $135M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of LEO and 8 opened new positions — a net loss of 10 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 $146M of BNY Mellon Strategic Municipals stock for Q1 2025, up 8.1% quarter-over-quarter.
  • 8 funds opened new BNY Mellon Strategic Municipals positions in Q1 2025 and 18 closed out, a net change of -10 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.