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DSM

BNY Mellon Strategic Municipal Bond Fund
DSM

50 hedge funds and large institutions have $32.1M invested in BNY Mellon Strategic Municipal Bond Fund in 2016 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 20 increasing their positions, 14 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 14

0.51% less ownership

Funds ownership: 8.55% → 8.05% (-0.51%)

1% less capital invested

Capital invested by funds: $32.5M → $32.1M (-$345K)

15% less funds holding

Funds holding: 59 → 50 (-9)

75% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 12

Holders
50
Holders Change
-9
Holders Change %
-15.25%
% of All Funds
1.33%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
20
Reduced
14
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$1.42M
2
AAM
Advisors Asset Management
Colorado
+$667K
3
MIAN
Mariner Independent Advisor Network
Kansas
+$371K
4
Baird Financial Group
Baird Financial Group
Wisconsin
+$276K
5
VanEck Associates
VanEck Associates
New York
+$217K

Top Sellers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
-$2.07M
2
Morgan Stanley
Morgan Stanley
New York
-$1.04M
3
AIG
American International Group
New York
-$467K
4
SIA
Sit Investment Associates
Minnesota
-$277K
5
LCM
Landscape Capital Management
New Jersey
-$226K
Name Holding Trade Value Shares
Change 		Change in
Stake
YP
26
Yellowstone Partners
Idaho
$235K – – –
RJFSA
27
Raymond James Financial Services Advisors
Florida
$199K -$16.3K -1,945 -8%
MHS
28
M Holdings Securities
Oregon
$199K +$6.87K +821 +4%
Creative Planning
29
Creative Planning
Kansas
$189K +$83.6K +10,000 +82%
RCM
30
Robinson Capital Management
Michigan
$175K -$2.07M -247,194 -92%
SMC
31
Smith, Moore & Co
Missouri
$174K +$66.9K +8,000 +64%
SSB
32
Sandy Spring Bank
Maryland
$156K +$120K +14,393 +365%
FAAS
33
First Allied Advisory Services
California
$111K +$25.1K +3,000 +30%
Cambridge Investment Research Advisors
34
Cambridge Investment Research Advisors
Iowa
$107K +$2.14K +256 +2%
PNC Financial Services Group
35
PNC Financial Services Group
Pennsylvania
$90K – – –
Royal Bank of Canada
36
Royal Bank of Canada
Ontario, Canada
$88K +$23.1K +2,761 +36%
NFG
37
Next Financial Group
Texas
$76K +$1.1K +132 +1%
MFS
38
MSI Financial Services
Massachusetts
$75K – – –
KT
39
Kanaly Trust
Texas
$65K – – –
DPA
40
Delphi Private Advisors
California
$52K – – –
FCCM
41
First City Capital Management
Georgia
$39.3K – – –
UFA
42
US Financial Advisors
Massachusetts
$37K +$5.02K +600 +16%
LTFS
43
Ladenburg Thalmann Financial Services
Florida
$25K -$2.52K -301 -9%
Northwestern Mutual Wealth Management
44
Northwestern Mutual Wealth Management
Wisconsin
$12K -$39.7K -4,749 -77%
DADC
45
D.A. Davidson & Co
Montana
$9K – – –
TRCT
46
Tower Research Capital (TRC)
New York
$9K +$9.2K +1,100 New
S
47
SignatureFD
Georgia
$8K – – –
Citigroup
48
Citigroup
New York
$8K +$7.52K +899 +89,900%
ASN
49
Advisory Services Network
Georgia
$7K – – –
IIM
50
Ipswich Investment Management
Massachusetts
$6K +$5.85K +700 New
1
2
3

DSM Hedge Fund Activity: Q1 2016 in Review

50 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q1 2016, worth a combined $32.1M — down 1.1% from $32.5M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of DSM and 3 opened new positions — a net loss of 9 holders — while 14 trimmed existing stakes and 20 added.

The largest buyer was Guggenheim Capital, adding an estimated $1.42M. The largest seller was Robinson Capital Management, cutting an estimated $2.07M.

  • 50 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q1 2016, down from 59 in Q4 2015.
  • Funds reported $32.1M of BNY Mellon Strategic Municipal Bond Fund stock for Q1 2016, down 1.1% quarter-over-quarter.
  • 3 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q1 2016 and 12 closed out, a net change of -9 holders.
  • The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q1 2016 was Guggenheim Capital, an estimated $1.42M added.
  • The largest BNY Mellon Strategic Municipal Bond Fund seller in Q1 2016 was Robinson Capital Management, an estimated $2.07M sold.

Based on aggregated 13F filings for Q1 2016.