BNY Mellon Strategic Municipal Bond Fund
DSM
34 hedge funds and large institutions have $16.6M invested in BNY Mellon Strategic Municipal Bond Fund in 2013 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 12 increasing their positions, 9 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
33% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 9
6% more funds holding
Funds holding: 32 → 34 (+2)
0.3% more ownership
Funds ownership: 4.19% → 4.49% (+0.3%)
1% less capital invested
Capital invested by funds: $16.8M → $16.6M (-$167K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.17M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
+$425K |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$260K |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$129K |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$106K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$488K |
| 2 |
LPL Financial
San Diego,
California
|
-$247K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$197K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$157K |
| 5 |
Jane Street
New York
|
-$111K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $64K | – | – | – |
|
|
PFO
27
Pathstone Family Office
Englewood,
New Jersey
| $24K | +$24.1K | +3,172 | New |
|
|
MFS
28
MSI Financial Services
Springfield,
Massachusetts
| $18K | – | – | – |
|
29
Citigroup
New York
| $12K | +$11.9K | +1,570 | +157,000% |
|
30
US Bancorp
Minneapolis,
Minnesota
| $9K | – | – | – |
|
|
S
31
SignatureFD
Atlanta,
Georgia
| $8K | – | – | – |
|
|
TRCT
32
Tower Research Capital (TRC)
New York
| $5K | -$3.79K | -500 | -45% |
|
|
LTFS
33
Ladenburg Thalmann Financial Services
Miami,
Florida
| $2K | – | – | – |
|
|
EFS
34
Essex Financial Services
Essex,
Connecticut
| $364 | +$12.9K | +1,700 | +4% |
|
|
35
Jane Street
New York
| – | -$111K | -13,619 | Closed |
|
|
RFA
36
Reilly Financial Advisors
La Mesa,
California
| – | -$2K | -236 | Closed |
|
DSM Hedge Fund Activity: Q3 2013 in Review
34 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q3 2013, worth a combined $16.6M — down 1% from $16.8M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new DSM positions and 2 closed out — a net gain of 2 holders — while 12 added to existing stakes and 9 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $1.17M. The largest seller was Guggenheim Capital, cutting an estimated $488K.
- 34 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q3 2013, up from 32 in Q2 2013.
- Funds reported $16.6M of BNY Mellon Strategic Municipal Bond Fund stock for Q3 2013, down 1% quarter-over-quarter.
- 4 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q3 2013 and 2 closed out, a net change of +2 holders.
- The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q3 2013 was Sit Investment Associates, an estimated $1.17M added.
- The largest BNY Mellon Strategic Municipal Bond Fund seller in Q3 2013 was Guggenheim Capital, an estimated $488K sold.
Based on aggregated 13F filings for Q3 2013.