Stock Analysis
Data Source: SEC EDGAR 13F
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BNY Mellon Strategic Muns In (LEO)

102 + Investors. Track Smart Money conviction in LEO. See who's accumulating, reducing, or initiating positions.

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +6
Streak
1Q ▲
Buyers last Q
54%

Smart Money Signals — LEO

Based on 102 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added LEO than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
102 hedge funds hold LEO right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +7% more funds vs a year ago

fund count last 6Q
+7 new funds entered over the past year (+7% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 54% buying

40 buying34 selling
Last quarter: 40 funds bought or added vs 34 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+6 vs last Q)

new funds entering per quarter
Funds opening a new LEO position: 10 → 14 → 9 → 15. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

53% of holders stayed for 2+ years

53% conviction (2yr+) 26% medium 21% new
54 out of 102 hedge funds have held LEO for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~15 new funds/quarter

14 → 10 → 14 → 9 → 15 new funds/Q
New funds entering each quarter: 10 → 14 → 9 → 15. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 61% veterans vs 21% newcomers

61% veterans 19% 1-2yr 21% new
Entry-cohort mix of 102 holders: 62 (61%) are 2+ year veterans, 19 entered 1–2 years ago, and 21 (21%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 9% AUM from top-100

9% from top-100 AUM funds
13 of 102 holders rank in the top 100 by AUM, but together hold only 9% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — LEO

In 2026 Q2, 40 hedge funds were net buyers of LEO (15 opened a new position, 25 added to an existing one), while 34 reduced or exited (25 trimmed, 9 sold completely) — a 54% buyer ratio, indicating a slight buying edge. Net fund flow last quarter: +6 funds (more new holders than closures). Total institutional holders: 102.

Hedge Fund Ownership: LEO

How many hedge funds hold LEO — quarterly history vs. share price
Quarterly hedge fund ownership of LEO vs. share price

Market Analysis: LEO

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: LEO

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

4 top-rated funds 0 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
1.1
/ 10
conviction
Hedge Fund Positioning: LEO
102 + Investors

Track Smart Money conviction in LEO. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 102 96 6.25%
13F Shares 30M 29M 1.87%
Total Value $173M $164M 5.45%
New Positions 15 9 +6
Increased Positions 25 28 -3
Closed Positions 9 14 -5
Reduced Positions 25 25 -
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: LEO

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Institutional Holders (2026 Q2)

102 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in LEO. Verified SEC 13F-HR filings.

QUARTER:
Top 25 LEO holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Altium Capital Management LLC 5.97% 438,676 $2.8M
2 Robinson Capital Management, LLC 2.50% 877,072 $5.7M
3 Bulldog Investors, LLP 2.15% 1,510,131 $9.8M
4 Gridiron Partners, LLC 1.37% 404,971 $2.6M
5 Professional Financial Management, Inc. 1.36% 207,157 $1.3M
6 Saba Capital Management, L.P. 1.01% 6,076,820 $39.3M
7 Traub Capital Management LLC 0.67% 116,438 $752K
8 Closed-End Fund Advisors, Inc. 0.66% 104,718 $676K
9 Rivernorth Capital Management, LLC 0.62% 2,006,388 $13.0M
10 Hennion & Walsh Asset Management, Inc. 0.31% 1,683,135 $10.9M
11 Melfa Wealth Management, INC. 0.21% 60,335 $390K
12 Daner Wealth Management, LLC 0.18% 51,900 $324K
13 Integrated Capital Management, INC. 0.16% 34,638 $224K
14 Almitas Capital LLC 0.13% 82,066 $530K
15 1607 Capital Partners, LLC 0.12% 206,145 $1.3M
16 Thomas J. Herzfeld Advisors, Inc. 0.12% 58,283 $377K
17 Advisors Asset Management, Inc. 0.11% 1,155,820 $7.5M
18 Ackerman Capital Advisors, LLC 0.11% 82,963 $536K
19 City of London Investment Management Co Ltd 0.11% 270,829 $1.7M
20 Blue Bell Private Wealth Management, LLC 0.10% 120,229 $777K
21 Novak & Powell Financial Services, Inc. 0.08% 27,163 $175K
22 Fortitude Advisory Group L.L.C. 0.07% 27,876 $180K
23 Noble Wealth Management PBC 0.07% 22,956 $148K
24 Pathstone Holdings, LLC 0.07% 3,487,291 $22.5M
25 Guggenheim Capital LLC 0.05% 1,351,087 $8.7M
Investor Ownership
History
% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — BNY Mellon Strategic Muns In (LEO)

What does the Smart Money Trend signal show for LEO?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added LEO than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for LEO?

Slight buying edge — 54% buying: Last quarter: 40 funds bought or added vs 34 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for LEO holders?

Smaller funds dominant — 9% AUM from top-100: 13 of 102 holders rank in the top 100 by AUM, but together hold only 9% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held LEO?

53% of holders stayed for 2+ years: 54 out of 102 hedge funds have held LEO for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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