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DSM

BNY Mellon Strategic Municipal Bond Fund
DSM

66 hedge funds and large institutions have $36M invested in BNY Mellon Strategic Municipal Bond Fund in 2018 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 19 increasing their positions, 17 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

180% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 5

17% more capital invested

Capital invested by funds: $30.8M → $36M (+$5.15M)

14% more funds holding

Funds holding: 58 → 66 (+8)

12% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 17

2.27% more ownership

Funds ownership: 7.5% → 9.77% (+2.3%)

Holders
66
Holders Change
+8
Holders Change %
+13.79%
% of All Funds
1.51%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
19
Reduced
17
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
+$4.21M
2
Morgan Stanley
Morgan Stanley
New York
+$1.81M
3
WAM
Wolverine Asset Management
Illinois
+$1.09M
4
SG Americas Securities
SG Americas Securities
New York
+$1.01M
5
LCM
Laurion Capital Management
New York
+$636K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$1.57M
2
Baird Financial Group
Baird Financial Group
Wisconsin
-$1M
3
Invesco
Invesco
Georgia
-$296K
4
SPIA
Steward Partners Investment Advisory
New York
-$120K
5
RJA
Raymond James & Associates
Florida
-$115K
Name Holding Trade Value Shares
Change 		Change in
Stake
M&T Bank
26
M&T Bank
New York
$263K – – –
DAS
27
Dynamic Advisor Solutions
Arizona
$253K +$262K +33,236 New
Walleye Trading
28
Walleye Trading
New York
$239K +$248K +31,400 New
EFS
29
Essex Financial Services
Connecticut
$236K – – –
IAMOG
30
Investors Asset Management of Georgia
Georgia
$232K -$23.7K -3,000 -9%
WAM
31
Wealthspire Advisors (Maryland)
Maryland
$224K – – –
Janney Montgomery Scott
32
Janney Montgomery Scott
Pennsylvania
$219K +$79K +10,000 +53%
HCM
33
Hollencrest Capital Management
California
$211K – – –
MML Investors Services
34
MML Investors Services
Massachusetts
$196K +$46.8K +5,920 +30%
SWM
35
SeaCrest Wealth Management
New York
$195K -$23.3K -2,948 -10%
EDRIA
36
Edmonds Duncan Registered Investment Advisors
Kansas
$193K – – –
SMC
37
Smith, Moore & Co
Missouri
$175K -$3.95K -500 -2%
RJFSA
38
Raymond James Financial Services Advisors
Florida
$163K -$15.8K -2,005 -9%
SWP
39
Stratos Wealth Partners
Ohio
$152K – – –
PNC Financial Services Group
40
PNC Financial Services Group
Pennsylvania
$140K +$79 +10 +0.1%
MHS
41
M Holdings Securities
Oregon
$122K +$1.09K +138 +0.9%
BFEC
42
Benjamin F. Edwards & Company
Missouri
$116K +$355 +45 +0.3%
Creative Planning
43
Creative Planning
Kansas
$109K – – –
NSIM
44
North Star Investment Management
Illinois
$100K – – –
WS
45
Wedbush Securities
California
$91K – – –
SSB
46
Sandy Spring Bank
Maryland
$88K -$28K -3,542 -23%
RJT
47
Raymond James Trust
Florida
$84K – – –
DA
48
Doliver Advisors
Texas
$78K +$81.4K +10,303 New
RFC
49
Regions Financial Corp
Alabama
$60K +$52.6K +6,657 +515%
Bank of Montreal
50
Bank of Montreal
Ontario, Canada
$58K +$59.8K +7,566 New
1
2
3

DSM Hedge Fund Activity: Q1 2018 in Review

66 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q1 2018, worth a combined $36M — up 17% from $30.8M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new DSM positions and 5 closed out — a net gain of 9 holders — while 19 added to existing stakes and 17 trimmed.

The largest buyer was Robinson Capital Management, opening a new position worth an estimated $4.21M. The largest seller was Sit Investment Associates, cutting an estimated $1.57M.

  • 66 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q1 2018, up from 58 in Q4 2017.
  • Funds reported $36M of BNY Mellon Strategic Municipal Bond Fund stock for Q1 2018, up 17% quarter-over-quarter.
  • 14 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q1 2018 and 5 closed out, a net change of +9 holders.
  • The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q1 2018 was Robinson Capital Management, an estimated $4.21M added.
  • The largest BNY Mellon Strategic Municipal Bond Fund seller in Q1 2018 was Sit Investment Associates, an estimated $1.57M sold.

Based on aggregated 13F filings for Q1 2018.