BNY Mellon Municipal Bond Infrastructure Fund
DMB
24 hedge funds and large institutions have $28.2M invested in BNY Mellon Municipal Bond Infrastructure Fund in 2014 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 15 increasing their positions, 1 reducing their positions, and 7 closing their positions.
1,400% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 1
9% more capital invested
Capital invested by funds: $26M → $28.2M (+$2.21M)
1.1% more ownership
Funds ownership: 11.94% → 13.04% (+1.1%)
14% less funds holding
Funds holding: 28 → 24 (-4)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.6M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$973K |
| 3 |
Morgan Stanley
New York
|
+$463K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$425K |
| 5 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$377K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$1.26M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$743K |
| 3 |
MTIM
Marathon Trading Investment Management
Radnor,
Pennsylvania
|
-$545K |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$158K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$142K |
DMB Hedge Fund Activity: Q3 2014 in Review
24 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Municipal Bond Infrastructure Fund (DMB) for Q3 2014, worth a combined $28.2M — up 8.5% from $26M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of DMB and 3 opened new positions — a net loss of 4 holders — while 1 trimmed existing stakes and 15 added.
The largest buyer was Raymond James & Associates, adding an estimated $1.6M. The largest seller was First Allied Advisory Services, exiting entirely with an estimated $1.26M sold.
- 24 institutional investors held BNY Mellon Municipal Bond Infrastructure Fund (DMB) as of Q3 2014, down from 28 in Q2 2014.
- Funds reported $28.2M of BNY Mellon Municipal Bond Infrastructure Fund stock for Q3 2014, up 8.5% quarter-over-quarter.
- 3 funds opened new BNY Mellon Municipal Bond Infrastructure Fund positions in Q3 2014 and 7 closed out, a net change of -4 holders.
- The largest BNY Mellon Municipal Bond Infrastructure Fund buyer in Q3 2014 was Raymond James & Associates, an estimated $1.6M added.
- The largest BNY Mellon Municipal Bond Infrastructure Fund seller in Q3 2014 was First Allied Advisory Services, an estimated $1.26M sold.
Based on aggregated 13F filings for Q3 2014.