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DSM

BNY Mellon Strategic Municipal Bond Fund
DSM

58 hedge funds and large institutions have $34.2M invested in BNY Mellon Strategic Municipal Bond Fund in 2019 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 16 increasing their positions, 14 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 14

6% more capital invested

Capital invested by funds: $32.1M → $34.2M (+$2.08M)

0.03% more ownership

Funds ownership: 6.51% → 6.54% (+0.03%)

9% less funds holding

Funds holding: 64 → 58 (-6)

43% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 14

Holders
58
Holders Change
-6
Holders Change %
-9.38%
% of All Funds
1.27%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
16
Reduced
14
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$674K
2
UBS Group
UBS Group
Switzerland
+$656K
3
LWAC
Laurel Wealth Advisors (California)
California
+$430K
4
BSW
Buckingham Strategic Wealth
Missouri
+$378K
5
Baird Financial Group
Baird Financial Group
Wisconsin
+$346K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$1.73M
2
RCM
Robinson Capital Management
Michigan
-$613K
3
DFG
Delphi Financial Group
Delaware
-$591K
4
RJFSA
Raymond James Financial Services Advisors
Florida
-$147K
5
VanEck Associates
VanEck Associates
New York
-$129K
Name Holding Trade Value Shares
Change 		Change in
Stake
PAM
26
Private Asset Management
California
$311K – – –
RCA
27
Ranch Capital Advisors
Florida
$305K +$302K +36,316 New
MML Investors Services
28
MML Investors Services
Massachusetts
$280K +$699 +84 +0.3%
HCM
29
Hollencrest Capital Management
California
$254K – – –
Mercer Global Advisors
30
Mercer Global Advisors
Colorado
$250K +$248K +29,751 New
MAFM
31
Mid Atlantic Financial Management
Pennsylvania
$241K -$62.4K -7,500 -21%
M&T Bank
32
M&T Bank
New York
$241K – – –
DDPIC
33
Deroy & Devereaux Private Investment Counsel
Michigan
$240K – – –
MHS
34
M Holdings Securities
Oregon
$233K – – –
RJFSA
35
Raymond James Financial Services Advisors
Florida
$211K -$147K -17,666 -41%
SMC
36
Smith, Moore & Co
Missouri
$210K – – –
SWM
37
SeaCrest Wealth Management
New York
$200K -$12.3K -1,477 -6%
DADC
38
D.A. Davidson & Co
Montana
$190K +$188K +22,620 New
GWM
39
Geneos Wealth Management
Colorado
$183K – – –
SWP
40
Stratos Wealth Partners
Ohio
$168K – – –
SS
41
Sunbelt Securities
Texas
$161K +$159K +19,172 New
IAMOG
42
Investors Asset Management of Georgia
Georgia
$139K -$8.32K -1,000 -6%
FWM
43
Fairhaven Wealth Management
Illinois
$124K – – –
EFS
44
Essex Financial Services
Connecticut
$120K – – –
VCM
45
Virtue Capital Management
Tennessee
$117K +$115K +13,857 New
PNC Financial Services Group
46
PNC Financial Services Group
Pennsylvania
$116K +$241 +29 +0.2%
Creative Planning
47
Creative Planning
Kansas
$114K -$33 -4 -0%
NSIM
48
North Star Investment Management
Illinois
$110K – – –
AAS
49
Avantax Advisory Services
Texas
$89K +$87.8K +10,553 New
Royal Bank of Canada
50
Royal Bank of Canada
Ontario, Canada
$68K +$34K +4,087 +103%
1
2
3

DSM Hedge Fund Activity: Q3 2019 in Review

58 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q3 2019, worth a combined $34.2M — up 6.5% from $32.1M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of DSM and 8 opened new positions — a net loss of 6 holders — while 14 trimmed existing stakes and 16 added.

The largest buyer was Bank of America, adding an estimated $674K. The largest seller was Sit Investment Associates, cutting an estimated $1.73M.

  • 58 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q3 2019, down from 64 in Q2 2019.
  • Funds reported $34.2M of BNY Mellon Strategic Municipal Bond Fund stock for Q3 2019, up 6.5% quarter-over-quarter.
  • 8 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q3 2019 and 14 closed out, a net change of -6 holders.
  • The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q3 2019 was Bank of America, an estimated $674K added.
  • The largest BNY Mellon Strategic Municipal Bond Fund seller in Q3 2019 was Sit Investment Associates, an estimated $1.73M sold.

Based on aggregated 13F filings for Q3 2019.