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DSM

BNY Mellon Strategic Municipal Bond Fund
DSM

64 hedge funds and large institutions have $32.1M invested in BNY Mellon Strategic Municipal Bond Fund in 2019 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 21 increasing their positions, 14 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 14

4.17% less ownership

Funds ownership: 10.68% → 6.51% (-4.2%)

4% less funds holding

Funds holding: 67 → 64 (-3)

21% less capital invested

Capital invested by funds: $40.7M → $32.1M (-$8.59M)

30% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 10

Holders
64
Holders Change
-3
Holders Change %
-4.48%
% of All Funds
1.39%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
21
Reduced
14
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WS
Wedbush Securities
California
+$555K
2
RJA
Raymond James & Associates
Florida
+$279K
3
GC
Guggenheim Capital
Illinois
+$271K
4
Morgan Stanley
Morgan Stanley
New York
+$193K
5
GWM
Geneos Wealth Management
Colorado
+$171K

Top Sellers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
-$6.04M
2
VF
Virtu Financial
New York
-$2.26M
3
WAM
Wakefield Asset Management
Colorado
-$1.64M
4
SIA
Sit Investment Associates
Minnesota
-$320K
5
DFG
Delphi Financial Group
Delaware
-$283K
Name Holding Trade Value Shares
Change 		Change in
Stake
MAFM
26
Mid Atlantic Financial Management
Pennsylvania
$287K +$3.94K +500 +1%
AG
27
Advisor Group
Arizona
$278K +$42K +5,330 +18%
DAS
28
Dynamic Advisor Solutions
Arizona
$271K – – –
MML Investors Services
29
MML Investors Services
Massachusetts
$263K +$4.18K +531 +2%
HCM
30
Hollencrest Capital Management
California
$240K – – –
M&T Bank
31
M&T Bank
New York
$227K – – –
DDPIC
32
Deroy & Devereaux Private Investment Counsel
Michigan
$226K -$50.4K -6,400 -18%
MHS
33
M Holdings Securities
Oregon
$219K +$4.71K +599 +2%
SWM
34
SeaCrest Wealth Management
New York
$200K – – –
SMC
35
Smith, Moore & Co
Missouri
$198K – – –
GWM
36
Geneos Wealth Management
Colorado
$172K +$171K +21,760 New
SWP
37
Stratos Wealth Partners
Ohio
$159K – – –
IAMOG
38
Investors Asset Management of Georgia
Georgia
$139K – – –
Susquehanna International Group
39
Susquehanna International Group
Pennsylvania
$126K +$125K +15,832 New
BFEC
40
Benjamin F. Edwards & Company
Missouri
$122K +$354 +45 +0.3%
SDAM
41
Shulman DeMeo Asset Management
New York
$121K -$7.08K -899 -6%
FWM
42
Fairhaven Wealth Management
Illinois
$117K – – –
EFS
43
Essex Financial Services
Connecticut
$113K -$19.7K -2,500 -15%
Millennium Management
44
Millennium Management
New York
$113K +$112K +14,188 New
Creative Planning
45
Creative Planning
Kansas
$108K -$79 -10 -0.1%
PNC Financial Services Group
46
PNC Financial Services Group
Pennsylvania
$108K +$236 +30 +0.2%
NSIM
47
North Star Investment Management
Illinois
$104K – – –
Stifel Financial
48
Stifel Financial
Missouri
$98K +$5.91K +751 +6%
OC
49
Oppenheimer & Co
New York
$87K – – –
TNBTD
50
Trustmark National Bank Trust Department
Mississippi
$74K – – –
1
2
3

DSM Hedge Fund Activity: Q2 2019 in Review

64 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q2 2019, worth a combined $32.1M — down 21% from $40.7M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of DSM and 7 opened new positions — a net loss of 3 holders — while 14 trimmed existing stakes and 21 added.

The largest buyer was Wedbush Securities, opening a new position worth an estimated $555K. The largest seller was Robinson Capital Management, cutting an estimated $6.04M.

  • 64 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q2 2019, down from 67 in Q1 2019.
  • Funds reported $32.1M of BNY Mellon Strategic Municipal Bond Fund stock for Q2 2019, down 21% quarter-over-quarter.
  • 7 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q2 2019 and 10 closed out, a net change of -3 holders.
  • The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q2 2019 was Wedbush Securities, an estimated $555K added.
  • The largest BNY Mellon Strategic Municipal Bond Fund seller in Q2 2019 was Robinson Capital Management, an estimated $6.04M sold.

Based on aggregated 13F filings for Q2 2019.