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DSM

BNY Mellon Strategic Municipal Bond Fund
DSM

40 hedge funds and large institutions have $15.4M invested in BNY Mellon Strategic Municipal Bond Fund in 2014 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 13 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 3

3% more funds holding

Funds holding: 39 → 40 (+1)

2% more capital invested

Capital invested by funds: $15.1M → $15.4M (+$231K)

0.18% less ownership

Funds ownership: 3.95% → 3.77% (-0.18%)

38% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 13

Holders
40
Holders Change
+1
Holders Change %
+2.56%
% of All Funds
1.15%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
8
Reduced
13
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
U
UBS
Switzerland
+$293K
2
AIG
American International Group
New York
+$229K
3
LPL Financial
LPL Financial
California
+$121K
4
VKH
Virtu KCG Holdings
New York
+$117K
5
B
Baird
Wisconsin
+$107K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$441K
2
PPA
Parametric Portfolio Associates
Washington
-$375K
3
MIG
Mariner Investment Group
New York
-$233K
4
GC
Guggenheim Capital
Illinois
-$182K
5
Morgan Stanley
Morgan Stanley
New York
-$145K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$123K -$3.23K -400 -3%
VKH
27
Virtu KCG Holdings
New York
$120K +$117K +14,519 New
TNBTD
28
Trustmark National Bank Trust Department
Mississippi
$103K – – –
PNC Financial Services Group
29
PNC Financial Services Group
Pennsylvania
$70K – – –
KT
30
Kanaly Trust
Texas
$63K – – –
Creative Planning
31
Creative Planning
Kansas
$47K – – –
FCCM
32
First City Capital Management
Georgia
$38.3K – – –
Ameriprise
33
Ameriprise
Minnesota
$35K +$33.9K +4,201 New
BRWA
34
B. Riley Wealth Advisors
Florida
$24.9K +$24.2K +3,000 New
MFS
35
MSI Financial Services
Massachusetts
$19K – – –
LTFS
36
Ladenburg Thalmann Financial Services
Florida
$11K -$3.31K -410 -24%
S
37
SignatureFD
Georgia
$8K – – –
Citigroup
38
Citigroup
New York
$4K -$24.7K -3,059 -87%
TRCT
39
Tower Research Capital (TRC)
New York
$2K +$1.61K +200 New
PPA
40
Parametric Portfolio Associates
Washington
– -$375K -48,092 Closed
MIG
41
Mariner Investment Group
New York
– -$233K -29,875 Closed
AllianceBernstein
42
AllianceBernstein
Tennessee
– -$98K -12,595 Closed
1
2

DSM Hedge Fund Activity: Q2 2014 in Review

40 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q2 2014, worth a combined $15.4M — up 1.5% from $15.1M a quarter earlier.

Buyers outnumbered sellers: 4 funds opened new DSM positions and 3 closed out — a net gain of 1 holder — while 8 added to existing stakes and 13 trimmed.

The largest buyer was UBS, adding an estimated $293K. The largest seller was Sit Investment Associates, cutting an estimated $441K.

  • 40 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q2 2014, up from 39 in Q1 2014.
  • Funds reported $15.4M of BNY Mellon Strategic Municipal Bond Fund stock for Q2 2014, up 1.5% quarter-over-quarter.
  • 4 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q2 2014 and 3 closed out, a net change of +1 holder.
  • The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q2 2014 was UBS, an estimated $293K added.
  • The largest BNY Mellon Strategic Municipal Bond Fund seller in Q2 2014 was Sit Investment Associates, an estimated $441K sold.

Based on aggregated 13F filings for Q2 2014.