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DSM

BNY Mellon Strategic Municipal Bond Fund
DSM

67 hedge funds and large institutions have $40.7M invested in BNY Mellon Strategic Municipal Bond Fund in 2019 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 26 increasing their positions, 12 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 12

1% less capital invested

Capital invested by funds: $41.3M → $40.7M (-$613K)

1.29% less ownership

Funds ownership: 11.98% → 10.68% (-1.3%)

12% less funds holding

Funds holding: 76 → 67 (-9)

67% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 12

Holders
67
Holders Change
-9
Holders Change %
-11.84%
% of All Funds
1.45%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
26
Reduced
12
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
VF
Virtu Financial
New York
+$2.08M
2
UBS Group
UBS Group
Switzerland
+$483K
3
RCM
Robinson Capital Management
Michigan
+$396K
4
Baird Financial Group
Baird Financial Group
Wisconsin
+$377K
5
CIA
Capital Investment Advisors
Georgia
+$299K

Top Sellers

Rank Fund Capital Flow
1
AWA
Arete Wealth Advisors
Illinois
-$2.5M
2
WAM
Wolverine Asset Management
Illinois
-$1.91M
3
RCM
Rivernorth Capital Management
Florida
-$1.54M
4
LCM
Landscape Capital Management
New Jersey
-$1.06M
5
AA
AQR Arbitrage
Connecticut
-$604K
Name Holding Trade Value Shares
Change 		Change in
Stake
PAM
26
Private Asset Management
California
$286K – – –
MAFM
27
Mid Atlantic Financial Management
Pennsylvania
$276K -$165K -22,000 -38%
Mercer Global Advisors
28
Mercer Global Advisors
Colorado
$276K +$268K +35,755 New
DDPIC
29
Deroy & Devereaux Private Investment Counsel
Michigan
$270K – – –
DAS
30
Dynamic Advisor Solutions
Arizona
$265K – – –
MML Investors Services
31
MML Investors Services
Massachusetts
$252K +$24K +3,198 +11%
HCM
32
Hollencrest Capital Management
California
$234K – – –
AG
33
Advisor Group
Arizona
$229K +$65.1K +8,685 +41%
M&T Bank
34
M&T Bank
New York
$221K – – –
MHS
35
M Holdings Securities
Oregon
$209K +$51.4K +6,859 +34%
SWM
36
SeaCrest Wealth Management
New York
$195K -$3.74K -499 -2%
SMC
37
Smith, Moore & Co
Missouri
$193K – – –
SWP
38
Stratos Wealth Partners
Ohio
$155K – – –
IAMOG
39
Investors Asset Management of Georgia
Georgia
$135K – – –
EFS
40
Essex Financial Services
Connecticut
$130K – – –
SDAM
41
Shulman DeMeo Asset Management
New York
$125K -$5.67K -756 -4%
BFEC
42
Benjamin F. Edwards & Company
Missouri
$119K +$352 +47 +0.3%
FWM
43
Fairhaven Wealth Management
Illinois
$114K – – –
PAS
44
Partnervest Advisory Services
California
$112K +$109K +14,518 New
PNC Financial Services Group
45
PNC Financial Services Group
Pennsylvania
$106K -$9.18K -1,225 -8%
AA
46
AQR Arbitrage
Connecticut
$105K -$604K -80,575 -86%
Creative Planning
47
Creative Planning
Kansas
$105K -$15.4K -2,050 -13%
NSIM
48
North Star Investment Management
Illinois
$101K – – –
Stifel Financial
49
Stifel Financial
Missouri
$90K +$1.34K +179 +2%
OC
50
Oppenheimer & Co
New York
$85K – – –
1
2
3 4

DSM Hedge Fund Activity: Q1 2019 in Review

67 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q1 2019, worth a combined $40.7M — down 1.5% from $41.3M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of DSM and 4 opened new positions — a net loss of 8 holders — while 12 trimmed existing stakes and 26 added.

The largest buyer was Virtu Financial, adding an estimated $2.08M. The largest seller was Arete Wealth Advisors, cutting an estimated $2.5M.

  • 67 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q1 2019, down from 76 in Q4 2018.
  • Funds reported $40.7M of BNY Mellon Strategic Municipal Bond Fund stock for Q1 2019, down 1.5% quarter-over-quarter.
  • 4 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q1 2019 and 12 closed out, a net change of -8 holders.
  • The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q1 2019 was Virtu Financial, an estimated $2.08M added.
  • The largest BNY Mellon Strategic Municipal Bond Fund seller in Q1 2019 was Arete Wealth Advisors, an estimated $2.5M sold.

Based on aggregated 13F filings for Q1 2019.