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DSM

BNY Mellon Strategic Municipal Bond Fund
DSM

38 hedge funds and large institutions have $14.8M invested in BNY Mellon Strategic Municipal Bond Fund in 2014 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 11 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.02% less ownership

Funds ownership: 3.77% → 3.75% (-0.02%)

3% less capital invested

Capital invested by funds: $15.4M → $14.8M (-$528K)

5% less funds holding

Funds holding: 40 → 38 (-2)

18% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 11

40% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 5

Holders
38
Holders Change
-2
Holders Change %
-5%
% of All Funds
1.1%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
9
Reduced
11
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
U
UBS
Switzerland
+$422K
2
AIG
American International Group
New York
+$368K
3
AWA
Arete Wealth Advisors
Illinois
+$169K
4
DA
Doliver Advisors
Texas
+$94.9K
5
B
Baird
Wisconsin
+$65K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$370K
2
GC
Guggenheim Capital
Illinois
-$167K
3
SIA
Sit Investment Associates
Minnesota
-$153K
4
RJA
Raymond James & Associates
Florida
-$123K
5
VKH
Virtu KCG Holdings
New York
-$120K
Name Holding Trade Value Shares
Change 		Change in
Stake
HK
26
Horizon Kinetics
New York
$119K -$34.8K -4,300 -23%
TNBTD
27
Trustmark National Bank Trust Department
Mississippi
$100K – – –
Invesco
28
Invesco
Georgia
$94K -$83.4K -10,307 -47%
DA
29
Doliver Advisors
Texas
$94K +$94.9K +11,725 New
PNC Financial Services Group
30
PNC Financial Services Group
Pennsylvania
$68K – – –
KT
31
Kanaly Trust
Texas
$61K – – –
Creative Planning
32
Creative Planning
Kansas
$45K – – –
Ameriprise
33
Ameriprise
Minnesota
$34K – – –
MFS
34
MSI Financial Services
Massachusetts
$18K – – –
LTFS
35
Ladenburg Thalmann Financial Services
Florida
$13K +$2.43K +300 +23%
S
36
SignatureFD
Georgia
$8K – – –
NES
37
New England Securities
New York
$5K +$4.86K +600 New
VKH
38
Virtu KCG Holdings
New York
– -$120K -14,519 Closed
FCCM
39
First City Capital Management
Georgia
– -$38.3K -4,623 Closed
BRWA
40
B. Riley Wealth Advisors
Florida
– -$24.9K -3,000 Closed
Citigroup
41
Citigroup
New York
– -$3.57K -441 -100%
TRCT
42
Tower Research Capital (TRC)
New York
– -$2K -200 Closed
1
2

DSM Hedge Fund Activity: Q3 2014 in Review

38 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q3 2014, worth a combined $14.8M — down 3.4% from $15.4M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of DSM and 3 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 9 added.

The largest buyer was UBS, adding an estimated $422K. The largest seller was Morgan Stanley, cutting an estimated $370K.

  • 38 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q3 2014, down from 40 in Q2 2014.
  • Funds reported $14.8M of BNY Mellon Strategic Municipal Bond Fund stock for Q3 2014, down 3.4% quarter-over-quarter.
  • 3 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q3 2014 and 5 closed out, a net change of -2 holders.
  • The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q3 2014 was UBS, an estimated $422K added.
  • The largest BNY Mellon Strategic Municipal Bond Fund seller in Q3 2014 was Morgan Stanley, an estimated $370K sold.

Based on aggregated 13F filings for Q3 2014.