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DSM

BNY Mellon Strategic Municipal Bond Fund
DSM

39 hedge funds and large institutions have $16.7M invested in BNY Mellon Strategic Municipal Bond Fund in 2013 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 6 increasing their positions, 14 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 6

15% more funds holding

Funds holding: 34 → 39 (+5)

0% more capital invested

Capital invested by funds: $16.6M → $16.7M (+$71.4K)

0.09% more ownership

Funds ownership: 4.49% → 4.57% (+0.09%)

57% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 14

Holders
39
Holders Change
+5
Holders Change %
+14.71%
% of All Funds
1.13%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
6
Reduced
14
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$814K
2
MIG
Mariner Investment Group
New York
+$696K
3
VKH
Virtu KCG Holdings
New York
+$496K
4
RJA
Raymond James & Associates
Florida
+$395K
5
SG Americas Securities
SG Americas Securities
New York
+$225K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$1.91M
2
GC
Guggenheim Capital
Illinois
-$404K
3
PMG
ProVise Management Group
Florida
-$164K
4
CS
Credit Suisse
Switzerland
-$131K
5
PP
Paloma Partners
Connecticut
-$126K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$128K -$63.6K -8,548 -33%
WAM
27
Weiss Asset Management
Massachusetts
$106K +$106K +14,278 New
MHS
28
M Holdings Securities
Oregon
$95K +$95K +12,773 New
TNBTD
29
Trustmark National Bank Trust Department
Mississippi
$92K – – –
B
30
Baird
Wisconsin
$92K +$91.8K +12,350 New
PNC Financial Services Group
31
PNC Financial Services Group
Pennsylvania
$62K – – –
KT
32
Kanaly Trust
Texas
$56K +$56.4K +7,587 New
Creative Planning
33
Creative Planning
Kansas
$26K -$61K -8,200 -70%
MFS
34
MSI Financial Services
Massachusetts
$17K – – –
S
35
SignatureFD
Georgia
$7K – – –
ASN
36
Advisory Services Network
Georgia
$6K +$5.95K +800 New
LTFS
37
Ladenburg Thalmann Financial Services
Florida
$2K – – –
CS
38
Credit Suisse
Switzerland
– -$131K -17,000 Closed
PP
39
Paloma Partners
Connecticut
– -$126K -16,400 Closed
DA
40
Doliver Advisors
Texas
– -$78K -10,147 Closed
PFO
41
Pathstone Family Office
New Jersey
– -$24K -3,172 Closed
Citigroup
42
Citigroup
New York
– -$11.7K -1,570 -100%
US Bancorp
43
US Bancorp
Minnesota
– -$9K -1,209 Closed
TRCT
44
Tower Research Capital (TRC)
New York
– -$5K -600 Closed
WAM
45
Wolverine Asset Management
Illinois
– +$7 +1 New
1
2

DSM Hedge Fund Activity: Q4 2013 in Review

39 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q4 2013, worth a combined $16.7M — up 0.43% from $16.6M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new DSM positions and 6 closed out — a net gain of 5 holders — while 6 added to existing stakes and 14 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $814K. The largest seller was Sit Investment Associates, cutting an estimated $1.91M.

  • 39 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q4 2013, up from 34 in Q3 2013.
  • Funds reported $16.7M of BNY Mellon Strategic Municipal Bond Fund stock for Q4 2013, up 0.43% quarter-over-quarter.
  • 11 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q4 2013 and 6 closed out, a net change of +5 holders.
  • The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q4 2013 was Morgan Stanley, an estimated $814K added.
  • The largest BNY Mellon Strategic Municipal Bond Fund seller in Q4 2013 was Sit Investment Associates, an estimated $1.91M sold.

Based on aggregated 13F filings for Q4 2013.