BNY Mellon Municipal Bond Infrastructure Fund
DMB
27 hedge funds and large institutions have $37.1M invested in BNY Mellon Municipal Bond Infrastructure Fund in 2015 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 13 increasing their positions, 6 reducing their positions, and 4 closing their positions.
117% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 6
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
22% more capital invested
Capital invested by funds: $30.4M → $37.1M (+$6.68M)
8% more funds holding
Funds holding: 25 → 27 (+2)
2.33% more ownership
Funds ownership: 13.94% → 16.27% (+2.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$2.1M |
| 2 |
LCM
Laurion Capital Management
New York
|
+$1.04M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$744K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$572K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$513K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$1.02M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$804K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$694K |
| 4 |
LSA
Liberty Street Advisors
New York
|
-$670K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$313K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Wells Fargo
San Francisco,
California
| $21K | +$12K | +989 | +141% |
|
|
TRCT
27
Tower Research Capital (TRC)
New York
| $4K | +$3.65K | +300 | New |
|
|
FIMG
28
Financial & Investment Management Group
Traverse City,
Michigan
| – | -$1.02M | -85,815 | Closed |
|
|
LSA
29
Liberty Street Advisors
New York
| – | -$670K | -56,511 | Closed |
|
|
RIA
30
Regal Investment Advisors
Kentwood,
Michigan
| – | -$11K | -1,000 | Closed |
|
31
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$6K | -464 | Closed |
|
DMB Hedge Fund Activity: Q4 2015 in Review
27 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Municipal Bond Infrastructure Fund (DMB) for Q4 2015, worth a combined $37.1M — up 22% from $30.4M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new DMB positions and 4 closed out — a net gain of 2 holders — while 13 added to existing stakes and 6 trimmed.
The largest buyer was LPL Financial, opening a new position worth an estimated $2.1M. The largest seller was Financial & Investment Management Group, exiting entirely with an estimated $1.02M sold.
- 27 institutional investors held BNY Mellon Municipal Bond Infrastructure Fund (DMB) as of Q4 2015, up from 25 in Q3 2015.
- Funds reported $37.1M of BNY Mellon Municipal Bond Infrastructure Fund stock for Q4 2015, up 22% quarter-over-quarter.
- 6 funds opened new BNY Mellon Municipal Bond Infrastructure Fund positions in Q4 2015 and 4 closed out, a net change of +2 holders.
- The largest BNY Mellon Municipal Bond Infrastructure Fund buyer in Q4 2015 was LPL Financial, an estimated $2.1M added.
- The largest BNY Mellon Municipal Bond Infrastructure Fund seller in Q4 2015 was Financial & Investment Management Group, an estimated $1.02M sold.
Based on aggregated 13F filings for Q4 2015.