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DSM

BNY Mellon Strategic Municipal Bond Fund
DSM

51 hedge funds and large institutions have $33.8M invested in BNY Mellon Strategic Municipal Bond Fund in 2016 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 13 increasing their positions, 17 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.63% less ownership

Funds ownership: 8.4% → 7.77% (-0.63%)

4% less funds holding

Funds holding: 53 → 51 (-2)

10% less capital invested

Capital invested by funds: $37.4M → $33.8M (-$3.63M)

24% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 17

25% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 4

Holders
51
Holders Change
-2
Holders Change %
-3.77%
% of All Funds
1.36%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
13
Reduced
17
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$1.57M
2
AWA
Arete Wealth Advisors
Illinois
+$460K
3
UBS Group
UBS Group
Switzerland
+$210K
4
VKH
Virtu KCG Holdings
New York
+$122K
5
Bank of America
Bank of America
North Carolina
+$68.3K

Top Sellers

Rank Fund Capital Flow
1
EDRIA
Edmonds Duncan Registered Investment Advisors
Kansas
-$1.75M
2
AG
Advisor Group
Arizona
-$1.36M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$886K
4
Morgan Stanley
Morgan Stanley
New York
-$262K
5
SMC
Smith, Moore & Co
Missouri
-$202K
Name Holding Trade Value Shares
Change 		Change in
Stake
HCM
26
Hollencrest Capital Management
California
$246K – – –
YP
27
Yellowstone Partners
Idaho
$245K – – –
RJFSA
28
Raymond James Financial Services Advisors
Florida
$227K +$20.3K +2,268 +10%
Creative Planning
29
Creative Planning
Kansas
$201K +$17.9K +2,000 +10%
MHS
30
M Holdings Securities
Oregon
$182K -$27K -3,021 -13%
SSB
31
Sandy Spring Bank
Maryland
$134K -$29.1K -3,250 -18%
VKH
32
Virtu KCG Holdings
New York
$121K +$122K +13,652 New
Cambridge Investment Research Advisors
33
Cambridge Investment Research Advisors
Iowa
$117K -$53.7K -6,001 -31%
FAAS
34
First Allied Advisory Services
California
$115K – – –
LNWWM
35
Laird Norton Wetherby Wealth Management
California
$112K -$51K -5,698 -31%
Ameriprise
36
Ameriprise
Minnesota
$106K +$6.2K +692 +6%
MFS
37
MSI Financial Services
Massachusetts
$97K -$19.1K -2,135 -16%
RJT
38
Raymond James Trust
Florida
$97K – – –
Royal Bank of Canada
39
Royal Bank of Canada
Ontario, Canada
$85K – – –
PNC Financial Services Group
40
PNC Financial Services Group
Pennsylvania
$75K – – –
KT
41
Kanaly Trust
Texas
$67K – – –
AIP
42
Ameritas Investment Partners
Nebraska
$65K – – –
DPA
43
Delphi Private Advisors
California
$52K – – –
DADC
44
D.A. Davidson & Co
Montana
$45K +$36.3K +4,058 +366%
LTFS
45
Ladenburg Thalmann Financial Services
Florida
$23K +$4.48K +500 +25%
IA
46
IFP Advisors
Florida
$21K – – –
S
47
SignatureFD
Georgia
$9K – – –
JFA
48
JNBA Financial Advisors
Minnesota
$9K +$8.71K +973 New
ASN
49
Advisory Services Network
Georgia
$7K – – –
AG
50
Advisor Group
Arizona
$5K -$1.36M -152,216 -100%
1
2
3

DSM Hedge Fund Activity: Q3 2016 in Review

51 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q3 2016, worth a combined $33.8M — down 9.7% from $37.4M a quarter earlier.

Sellers outnumbered buyers: 4 funds closed out of DSM and 3 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 13 added.

The largest buyer was Guggenheim Capital, adding an estimated $1.57M. The largest seller was Edmonds Duncan Registered Investment Advisors, cutting an estimated $1.75M.

  • 51 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q3 2016, down from 53 in Q2 2016.
  • Funds reported $33.8M of BNY Mellon Strategic Municipal Bond Fund stock for Q3 2016, down 9.7% quarter-over-quarter.
  • 3 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q3 2016 and 4 closed out, a net change of -1 holder.
  • The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q3 2016 was Guggenheim Capital, an estimated $1.57M added.
  • The largest BNY Mellon Strategic Municipal Bond Fund seller in Q3 2016 was Edmonds Duncan Registered Investment Advisors, an estimated $1.75M sold.

Based on aggregated 13F filings for Q3 2016.