BNY Mellon Municipal Bond Infrastructure Fund
DMB
25 hedge funds and large institutions have $38.5M invested in BNY Mellon Municipal Bond Infrastructure Fund in 2016 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 14 increasing their positions, 5 reducing their positions, and 6 closing their positions.
180% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 5
4% more capital invested
Capital invested by funds: $37.1M → $38.5M (+$1.42M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.38% less ownership
Funds ownership: 16.27% → 15.89% (-0.38%)
7% less funds holding
Funds holding: 27 → 25 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.27M |
| 2 |
LPL Financial
San Diego,
California
|
+$1.23M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$863K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$390K |
| 5 |
VanEck Associates
New York
|
+$148K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.43M |
| 2 |
LCM
Laurion Capital Management
New York
|
-$1.28M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$850K |
| 4 |
Morgan Stanley
New York
|
-$412K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$397K |
DMB Hedge Fund Activity: Q1 2016 in Review
25 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Municipal Bond Infrastructure Fund (DMB) for Q1 2016, worth a combined $38.5M — up 3.8% from $37.1M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of DMB and 4 opened new positions — a net loss of 2 holders — while 5 trimmed existing stakes and 14 added.
The largest buyer was Advisors Asset Management, adding an estimated $1.27M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $1.43M sold.
- 25 institutional investors held BNY Mellon Municipal Bond Infrastructure Fund (DMB) as of Q1 2016, down from 27 in Q4 2015.
- Funds reported $38.5M of BNY Mellon Municipal Bond Infrastructure Fund stock for Q1 2016, up 3.8% quarter-over-quarter.
- 4 funds opened new BNY Mellon Municipal Bond Infrastructure Fund positions in Q1 2016 and 6 closed out, a net change of -2 holders.
- The largest BNY Mellon Municipal Bond Infrastructure Fund buyer in Q1 2016 was Advisors Asset Management, an estimated $1.27M added.
- The largest BNY Mellon Municipal Bond Infrastructure Fund seller in Q1 2016 was Rivernorth Capital Management, an estimated $1.43M sold.
Based on aggregated 13F filings for Q1 2016.