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DSM

BNY Mellon Strategic Municipal Bond Fund
DSM

51 hedge funds and large institutions have $31.1M invested in BNY Mellon Strategic Municipal Bond Fund in 2017 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 12 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 12

17% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 6

0.41% less ownership

Funds ownership: 8.1% → 7.69% (-0.41%)

3% less capital invested

Capital invested by funds: $32M → $31.1M (-$862K)

2% less funds holding

Funds holding: 52 → 51 (-1)

Holders
51
Holders Change
-1
Holders Change %
-1.92%
% of All Funds
1.27%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
15
Reduced
12
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
+$879K
2
Ameriprise
Ameriprise
Minnesota
+$808K
3
UBS Group
UBS Group
Switzerland
+$637K
4
GC
Guggenheim Capital
Illinois
+$372K
5
RJA
Raymond James & Associates
Florida
+$167K

Top Sellers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
-$2.54M
2
SIA
Sit Investment Associates
Minnesota
-$617K
3
DA
Doliver Advisors
Texas
-$533K
4
MIAN
Mariner Independent Advisor Network
Kansas
-$356K
5
Millennium Management
Millennium Management
New York
-$202K
Name Holding Trade Value Shares
Change 		Change in
Stake
Fifth Third Bancorp
26
Fifth Third Bancorp
Ohio
$197K -$50.9K -6,150 -21%
RJFSA
27
Raymond James Financial Services Advisors
Florida
$196K +$257 +31 +0.1%
SMC
28
Smith, Moore & Co
Missouri
$184K -$80.2K -9,684 -30%
MHS
29
M Holdings Securities
Oregon
$172K +$1.12K +135 +0.7%
SWP
30
Stratos Wealth Partners
Ohio
$166K +$166K +20,000 New
PNC Financial Services Group
31
PNC Financial Services Group
Pennsylvania
$154K +$82.8K +10,000 +117%
MML Investors Services
32
MML Investors Services
Massachusetts
$145K +$145K +17,508 New
Creative Planning
33
Creative Planning
Kansas
$129K -$59.2K -7,151 -31%
SSB
34
Sandy Spring Bank
Maryland
$125K – – –
NSIM
35
North Star Investment Management
Illinois
$109K – – –
FAAS
36
First Allied Advisory Services
California
$108K – – –
PAM
37
Private Asset Management
California
$100K – – –
RJT
38
Raymond James Trust
Florida
$91K – – –
Royal Bank of Canada
39
Royal Bank of Canada
Ontario, Canada
$83K +$2.92K +353 +4%
AIP
40
Ameritas Investment Partners
Nebraska
$61K – – –
DPA
41
Delphi Private Advisors
California
$49K – – –
HCA
42
Harbour Capital Advisors
Virginia
$33.1K +$33.1K +4,000 New
LTFS
43
Ladenburg Thalmann Financial Services
Florida
$19K -$3.73K -451 -17%
IA
44
IFP Advisors
Florida
$12K – – –
Northwestern Mutual Wealth Management
45
Northwestern Mutual Wealth Management
Wisconsin
$12K – – –
ASN
46
Advisory Services Network
Georgia
$7K +$6.62K +800 New
WAM
47
Watermark Asset Management
California
$6K +$5.54K +669 New
SWA
48
Sutton Wealth Advisors
Florida
$2.24K – – –
AAP
49
Arax Advisory Partners
Colorado
$2K +$25 +3 +0.8%
CFD
50
Creative Financial Designs
Indiana
$1K – – –
1
2
3

DSM Hedge Fund Activity: Q1 2017 in Review

51 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q1 2017, worth a combined $31.1M — down 2.7% from $32M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new DSM positions and 6 closed out — a net gain of 1 holder — while 15 added to existing stakes and 12 trimmed.

The largest buyer was Invesco, opening a new position worth an estimated $879K. The largest seller was Laurion Capital Management, exiting entirely with an estimated $2.54M sold.

  • 51 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q1 2017, down from 52 in Q4 2016.
  • Funds reported $31.1M of BNY Mellon Strategic Municipal Bond Fund stock for Q1 2017, down 2.7% quarter-over-quarter.
  • 7 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q1 2017 and 6 closed out, a net change of +1 holder.
  • The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q1 2017 was Invesco, an estimated $879K added.
  • The largest BNY Mellon Strategic Municipal Bond Fund seller in Q1 2017 was Laurion Capital Management, an estimated $2.54M sold.

Based on aggregated 13F filings for Q1 2017.