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LEO

BNY Mellon Strategic Municipals

100 hedge funds and large institutions have $163M invested in BNY Mellon Strategic Municipals in 2025 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 30 increasing their positions, 32 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 7

7% more capital invested

Capital invested by funds: $152M → $163M (+$10.9M)

3.18% more ownership

Funds ownership: 41.33%44.51% (+3.2%)

3% more funds holding

Funds holding: 97100 (+3)

6% less repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 32

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
100
Holders Change
+3
Holders Change %
+3.09%
% of All Funds
1.31%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
11
Increased
30
Reduced
32
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SCM
1
Saba Capital Management
New York
$35.6M +$699K +117,267 +2%
Pathstone Holdings
2
Pathstone Holdings
New Jersey
$24M +$4.31M +723,676 +23%
RCM
3
Rivernorth Capital Management
Florida
$13M -$819K -137,357 -6%
Wells Fargo
4
Wells Fargo
California
$6.15M -$1.42M -238,037 -19%
GC
5
Guggenheim Capital
Illinois
$6.03M +$1.66M +278,250 +41%
SIA
6
Sit Investment Associates
Minnesota
$5.1M +$951K +159,580 +24%
HWAM
7
Hennion & Walsh Asset Management
New Jersey
$4.85M -$3.24M -544,356 -41%
BI
8
Bulldog Investors
New Jersey
$4.53M +$665K +111,628 +18%
LSC
9
Logan Stone Capital
Illinois
$4.45M -$2.01M -337,116 -32%
AAM
10
Advisors Asset Management
Colorado
$4.34M +$1.11M +186,196 +37%
Verition Fund Management
11
Verition Fund Management
Connecticut
$4.24M -$69.4K -11,642 -2%
Morgan Stanley
12
Morgan Stanley
New York
$3.52M +$3.37K +566 +0.1%
VanEck Associates
13
VanEck Associates
New York
$2.83M +$110K +18,435 +4%
GP
14
Gridiron Partners
Pennsylvania
$2.56M +$9.48M +1,591,208 +394%
CIA
15
Capital Investment Advisors
Georgia
$2.53M -$171K -28,751 -7%
Toronto Dominion Bank
16
Toronto Dominion Bank
Ontario, Canada
$2.47M +$36K +6,033 +2%
Capstone Investment Advisors
17
Capstone Investment Advisors
New York
$2.37M
Allspring Global Investments
18
Allspring Global Investments
North Carolina
$2.06M +$1.97M +330,327 New
Cohen & Steers
19
Cohen & Steers
New York
$2.02M
WA
20
Whitebox Advisors
Minnesota
$1.91M
MC
21
Matisse Capital
Oregon
$1.71M
COLIM
22
City of London Investment Management
United Kingdom
$1.69M
RP
23
Riverbridge Partners
Minnesota
$1.43M +$38.9K +6,524 +3%
ACA
24
Ackerman Capital Advisors
Texas
$1.41M -$191K -32,041 -12%
Envestnet Asset Management
25
Envestnet Asset Management
Illinois
$1.41M +$18.6K +3,113 +1%

LEO Hedge Fund Activity: Q3 2025 in Review

100 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q3 2025, worth a combined $163M — up 7.2% from $152M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new LEO positions and 7 closed out — a net gain of 4 holders — while 30 added to existing stakes and 32 trimmed.

The largest buyer was Gridiron Partners, adding an estimated $9.48M. The largest seller was Hennion & Walsh Asset Management, cutting an estimated $3.24M.

  • 100 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q3 2025, up from 97 in Q2 2025.
  • Funds reported $163M of BNY Mellon Strategic Municipals stock for Q3 2025, up 7.2% quarter-over-quarter.
  • 11 funds opened new BNY Mellon Strategic Municipals positions in Q3 2025 and 7 closed out, a net change of +4 holders.
  • The largest BNY Mellon Strategic Municipals buyer in Q3 2025 was Gridiron Partners, an estimated $9.48M added.
  • The largest BNY Mellon Strategic Municipals seller in Q3 2025 was Hennion & Walsh Asset Management, an estimated $3.24M sold.

Based on aggregated 13F filings for Q3 2025.