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DSM

BNY Mellon Strategic Municipal Bond Fund
DSM

69 hedge funds and large institutions have $65.7M invested in BNY Mellon Strategic Municipal Bond Fund in 2021 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 27 increasing their positions, 11 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

145% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 11

26% more capital invested

Capital invested by funds: $52M → $65.7M (+$13.6M)

2.84% more ownership

Funds ownership: 10.63% → 13.46% (+2.8%)

7% less funds holding

Funds holding: 74 → 69 (-5)

31% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 13

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
69
Holders Change
-5
Holders Change %
-6.76%
% of All Funds
1.21%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
9
Increased
27
Reduced
11
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$935K
2
Bank of America
Bank of America
North Carolina
+$853K
3
BFEC
Benjamin F. Edwards & Company
Missouri
+$586K
4
RJFSA
Raymond James Financial Services Advisors
Florida
+$405K
5
GC
Guggenheim Capital
Illinois
+$394K

Top Sellers

Rank Fund Capital Flow
1
MIG
Mariner Investment Group
New York
-$2.35M
2
RCM
Robinson Capital Management
Michigan
-$1.33M
3
LPL Financial
LPL Financial
California
-$1.05M
4
CFB
Cullen/Frost Bankers
Texas
-$787K
5
KAS
Kestra Advisory Services
Texas
-$755K
Name Holding Trade Value Shares
Change 		Change in
Stake
MML Investors Services
26
MML Investors Services
Massachusetts
$448K +$28K +3,574 +7%
6M
27
6 Meridian
Kansas
$398K -$3.36K -429 -0.8%
LWAC
28
Laurel Wealth Advisors (California)
California
$395K -$70.4K -9,000 -15%
Mercer Global Advisors
29
Mercer Global Advisors
Colorado
$382K +$4.34K +554 +1%
RCA
30
Ranch Capital Advisors
Florida
$369K – – –
PAM
31
Private Asset Management
California
$290K – – –
HCM
32
Hollencrest Capital Management
California
$237K – – –
M&T Bank
33
M&T Bank
New York
$224K – – –
TC
34
Telemus Capital
Michigan
$205K +$84.1K +10,750 +70%
RIG
35
Ramiah Investment Group
Wisconsin
$204K +$12.6K +1,608 +7%
SMC
36
Smith, Moore & Co
Missouri
$196K – – –
GWM
37
Geneos Wealth Management
Colorado
$180K – – –
SWM
38
SeaCrest Wealth Management
New York
$177K -$4.28K -547 -2%
Cambridge Investment Research Advisors
39
Cambridge Investment Research Advisors
Iowa
$166K +$77.4K +9,896 +88%
CPIG
40
Chicago Partners Investment Group
Illinois
$165K +$161K +20,554 New
MAFM
41
Mid Atlantic Financial Management
Pennsylvania
$145K +$5.48K +700 +4%
RFC
42
Regions Financial Corp
Alabama
$140K – – –
ICMP
43
Integrated Capital Management (Pennsylvania)
Pennsylvania
$136K +$17.5K +2,238 +15%
Northwestern Mutual Wealth Management
44
Northwestern Mutual Wealth Management
Wisconsin
$115K – – –
MHS
45
M Holdings Securities
Oregon
$114K +$114K +14,613 New
IAMOG
46
Investors Asset Management of Georgia
Georgia
$110K – – –
DADC
47
D.A. Davidson & Co
Montana
$103K – – –
NSIM
48
North Star Investment Management
Illinois
$103K – – –
DAS
49
Dynamic Advisor Solutions
Arizona
$98K -$238K -30,368 -71%
FWM
50
Fairhaven Wealth Management
Illinois
$98K – – –
1
2
3 4

DSM Hedge Fund Activity: Q1 2021 in Review

69 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q1 2021, worth a combined $65.7M — up 26% from $52M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of DSM and 9 opened new positions — a net loss of 4 holders — while 11 trimmed existing stakes and 27 added.

The largest buyer was Parametric Portfolio Associates, adding an estimated $935K. The largest seller was Mariner Investment Group, exiting entirely with an estimated $2.35M sold.

  • 69 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q1 2021, down from 74 in Q4 2020.
  • Funds reported $65.7M of BNY Mellon Strategic Municipal Bond Fund stock for Q1 2021, up 26% quarter-over-quarter.
  • 9 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q1 2021 and 13 closed out, a net change of -4 holders.
  • The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q1 2021 was Parametric Portfolio Associates, an estimated $935K added.
  • The largest BNY Mellon Strategic Municipal Bond Fund seller in Q1 2021 was Mariner Investment Group, an estimated $2.35M sold.

Based on aggregated 13F filings for Q1 2021.