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DSM

BNY Mellon Strategic Municipal Bond Fund
DSM

76 hedge funds and large institutions have $41.3M invested in BNY Mellon Strategic Municipal Bond Fund in 2018 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 23 increasing their positions, 18 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 12

28% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 18

9% more funds holding

Funds holding: 70 → 76 (+6)

0.53% more ownership

Funds ownership: 11.44% → 11.98% (+0.53%)

44% less capital invested

Capital invested by funds: $73.2M → $41.3M (-$31.9M)

Holders
76
Holders Change
+6
Holders Change %
+8.57%
% of All Funds
1.69%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
18
Increased
23
Reduced
18
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$1.81M
2
RCM
Rivernorth Capital Management
Florida
+$1.56M
3
DFG
Delphi Financial Group
Delaware
+$1.16M
4
WAM
Wolverine Asset Management
Illinois
+$784K
5
WAM
Wakefield Asset Management
Colorado
+$703K

Top Sellers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
-$1.93M
2
GC
Guggenheim Capital
Illinois
-$1.89M
3
Morgan Stanley
Morgan Stanley
New York
-$1.38M
4
RCM
Robinson Capital Management
Michigan
-$1.16M
5
Ameriprise
Ameriprise
Minnesota
-$716K
Name Holding Trade Value Shares
Change 		Change in
Stake
MAFM
26
Mid Atlantic Financial Management
Pennsylvania
$403K +$405K +57,700 New
Janney Montgomery Scott
27
Janney Montgomery Scott
Pennsylvania
$385K +$91.2K +12,978 +31%
LWAC
28
Laurel Wealth Advisors (California)
California
$375K -$387K -55,141 -51%
WAM
29
Weiss Asset Management
Massachusetts
$368K +$371K +52,745 New
Millennium Management
30
Millennium Management
New York
$283K +$285K +40,520 New
PAM
31
Private Asset Management
California
$258K – – –
DAS
32
Dynamic Advisor Solutions
Arizona
$252K -$21.8K -3,100 -8%
PAS
33
Park Avenue Securities
New York
$246K +$236K +33,582 New
DDPIC
34
Deroy & Devereaux Private Investment Counsel
Michigan
$244K -$49.2K -7,000 -17%
Envestnet Asset Management
35
Envestnet Asset Management
Illinois
$238K +$240K +34,127 New
HCM
36
Hollencrest Capital Management
California
$211K – – –
RJFSA
37
Raymond James Financial Services Advisors
Florida
$211K +$49.2K +7,008 +30%
MML Investors Services
38
MML Investors Services
Massachusetts
$206K +$2.97K +423 +1%
M&T Bank
39
M&T Bank
New York
$200K -$42.2K -6,002 -17%
SWM
40
SeaCrest Wealth Management
New York
$180K +$632 +90 +0.4%
SMC
41
Smith, Moore & Co
Missouri
$175K +$87.8K +12,500 +100%
AG
42
Advisor Group
Arizona
$146K +$76.6K +10,895 +108%
MHS
43
M Holdings Securities
Oregon
$141K +$6.87K +978 +5%
SWP
44
Stratos Wealth Partners
Ohio
$140K – – –
IAMOG
45
Investors Asset Management of Georgia
Georgia
$122K -$91.3K -13,000 -43%
SDAM
46
Shulman DeMeo Asset Management
New York
$118K +$119K +16,917 New
EFS
47
Essex Financial Services
Connecticut
$117K -$84.3K -12,000 -42%
CRC
48
Curi RMB Capital
Illinois
$113K -$194K -27,639 -63%
Creative Planning
49
Creative Planning
Kansas
$109K +$14.5K +2,060 +15%
BFEC
50
Benjamin F. Edwards & Company
Missouri
$107K +$344 +49 +0.3%
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DSM Hedge Fund Activity: Q4 2018 in Review

76 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q4 2018, worth a combined $41.3M — down 44% from $73.2M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new DSM positions and 12 closed out — a net gain of 6 holders — while 23 added to existing stakes and 18 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $1.81M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $1.93M sold.

  • 76 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q4 2018, up from 70 in Q3 2018.
  • Funds reported $41.3M of BNY Mellon Strategic Municipal Bond Fund stock for Q4 2018, down 44% quarter-over-quarter.
  • 18 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q4 2018 and 12 closed out, a net change of +6 holders.
  • The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q4 2018 was Sit Investment Associates, an estimated $1.81M added.
  • The largest BNY Mellon Strategic Municipal Bond Fund seller in Q4 2018 was Laurion Capital Management, an estimated $1.93M sold.

Based on aggregated 13F filings for Q4 2018.