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DSM

BNY Mellon Strategic Municipal Bond Fund
DSM

65 hedge funds and large institutions have $40.4M invested in BNY Mellon Strategic Municipal Bond Fund in 2018 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 20 increasing their positions, 14 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 14

12% more capital invested

Capital invested by funds: $36M → $40.4M (+$4.41M)

1.2% more ownership

Funds ownership: 9.77% → 10.98% (+1.2%)

2% less funds holding

Funds holding: 66 → 65 (-1)

17% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 6

Holders
65
Holders Change
-1
Holders Change %
-1.52%
% of All Funds
1.49%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
20
Reduced
14
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
+$4.87M
2
GC
Guggenheim Capital
Illinois
+$756K
3
RCM
Robinson Capital Management
Michigan
+$655K
4
WAM
Wolverine Asset Management
Illinois
+$376K
5
VanEck Associates
VanEck Associates
New York
+$338K

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$722K
2
MIAN
Mariner Independent Advisor Network
Kansas
-$674K
3
SG Americas Securities
SG Americas Securities
New York
-$641K
4
DA
Doliver Advisors
Texas
-$78K
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$58K
Name Holding Trade Value Shares
Change 		Change in
Stake
Janney Montgomery Scott
26
Janney Montgomery Scott
Pennsylvania
$239K +$20.8K +2,750 +10%
EFS
27
Essex Financial Services
Connecticut
$235K – – –
IAMOG
28
Investors Asset Management of Georgia
Georgia
$231K – – –
HCM
29
Hollencrest Capital Management
California
$221K +$10.8K +1,434 +5%
Walleye Trading
30
Walleye Trading
New York
$210K -$27.2K -3,600 -11%
WAM
31
Wealthspire Advisors (Maryland)
Maryland
$209K – – –
SWM
32
SeaCrest Wealth Management
New York
$194K – – –
EDRIA
33
Edmonds Duncan Registered Investment Advisors
Kansas
$192K – – –
MML Investors Services
34
MML Investors Services
Massachusetts
$187K -$8.21K -1,087 -4%
RJFSA
35
Raymond James Financial Services Advisors
Florida
$181K +$18.5K +2,450 +11%
AA
36
AQR Arbitrage
Connecticut
$179K +$178K +23,617 New
SMC
37
Smith, Moore & Co
Missouri
$174K – – –
SWP
38
Stratos Wealth Partners
Ohio
$151K – – –
PNC Financial Services Group
39
PNC Financial Services Group
Pennsylvania
$141K +$227 +30 +0.2%
MHS
40
M Holdings Securities
Oregon
$123K +$1.87K +247 +2%
BFEC
41
Benjamin F. Edwards & Company
Missouri
$115K +$332 +44 +0.3%
Creative Planning
42
Creative Planning
Kansas
$109K – – –
NSIM
43
North Star Investment Management
Illinois
$99K – – –
WS
44
Wedbush Securities
California
$91K – – –
RJT
45
Raymond James Trust
Florida
$83K – – –
RFC
46
Regions Financial Corp
Alabama
$60K – – –
SSB
47
Sandy Spring Bank
Maryland
$59K -$28.7K -3,800 -33%
AIP
48
Ameritas Investment Partners
Nebraska
$56K – – –
DPA
49
Delphi Private Advisors
California
$45K – – –
RCAG
50
Rehmann Capital Advisory Group
Michigan
$34.1K – – –
1
2
3

DSM Hedge Fund Activity: Q2 2018 in Review

65 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q2 2018, worth a combined $40.4M — up 12% from $36M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of DSM and 5 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 20 added.

The largest buyer was Laurion Capital Management, adding an estimated $4.87M. The largest seller was Invesco, cutting an estimated $722K.

  • 65 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q2 2018, down from 66 in Q1 2018.
  • Funds reported $40.4M of BNY Mellon Strategic Municipal Bond Fund stock for Q2 2018, up 12% quarter-over-quarter.
  • 5 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q2 2018 and 6 closed out, a net change of -1 holder.
  • The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q2 2018 was Laurion Capital Management, an estimated $4.87M added.
  • The largest BNY Mellon Strategic Municipal Bond Fund seller in Q2 2018 was Invesco, an estimated $722K sold.

Based on aggregated 13F filings for Q2 2018.