BNY Mellon High Yield Strategies Fund
DHF
46 hedge funds and large institutions have $23.7M invested in BNY Mellon High Yield Strategies Fund in 2020 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 11 reducing their positions, and 7 closing their positions.
36% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 11
20% more capital invested
Capital invested by funds: $19.7M → $23.7M (+$4.03M)
1.64% more ownership
Funds ownership: 10.56% → 12.2% (+1.6%)
4% less funds holding
Funds holding: 48 → 46 (-2)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$2.57M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.46M |
| 3 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
+$291K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$116K |
| 5 |
LPL Financial
San Diego,
California
|
+$106K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.31M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$394K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$292K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$132K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$92.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | +$133 | +49 | New |
|
DHF Hedge Fund Activity: Q3 2020 in Review
46 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon High Yield Strategies Fund (DHF) for Q3 2020, worth a combined $23.7M — up 20% from $19.7M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of DHF and 5 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 15 added.
The largest buyer was Saba Capital Management, adding an estimated $2.57M. The largest seller was Landscape Capital Management, exiting entirely with an estimated $1.31M sold.
- 46 institutional investors held BNY Mellon High Yield Strategies Fund (DHF) as of Q3 2020, down from 48 in Q2 2020.
- Funds reported $23.7M of BNY Mellon High Yield Strategies Fund stock for Q3 2020, up 20% quarter-over-quarter.
- 5 funds opened new BNY Mellon High Yield Strategies Fund positions in Q3 2020 and 7 closed out, a net change of -2 holders.
- The largest BNY Mellon High Yield Strategies Fund buyer in Q3 2020 was Saba Capital Management, an estimated $2.57M added.
- The largest BNY Mellon High Yield Strategies Fund seller in Q3 2020 was Landscape Capital Management, an estimated $1.31M sold.
Based on aggregated 13F filings for Q3 2020.