BNY Mellon Strategic Municipal Bond Fund
DSM
50 hedge funds and large institutions have $22.4M invested in BNY Mellon Strategic Municipal Bond Fund in 2014 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 19 increasing their positions, 3 reducing their positions, and 4 closing their positions.
533% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 3
325% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 4
51% more capital invested
Capital invested by funds: $14.8M → $22.4M (+$7.53M)
32% more funds holding
Funds holding: 38 → 50 (+12)
2% more ownership
Funds ownership: 3.75% → 5.75% (+2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2M |
| 2 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
+$1.97M |
| 3 |
Morgan Stanley
New York
|
+$701K |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$569K |
| 5 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
+$522K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.14M |
| 2 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
-$307K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$94K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$34K |
| 5 |
HK
Horizon Kinetics
New York
|
-$29.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
CIBC Private Wealth Group
Atlanta,
Georgia
| – | -$307K | -38,100 | Closed |
|
|
52
Invesco
Atlanta,
Georgia
| – | -$94K | -11,716 | Closed |
|
|
53
Ameriprise
Minneapolis,
Minnesota
| – | -$34K | -4,201 | Closed |
|
54
Koshinski Asset Management
Decatur,
Illinois
| – | +$96.1K | +12,000 | New |
|
DSM Hedge Fund Activity: Q4 2014 in Review
50 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q4 2014, worth a combined $22.4M — up 51% from $14.8M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new DSM positions and 4 closed out — a net gain of 13 holders — while 19 added to existing stakes and 3 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $2M. The largest seller was Guggenheim Capital, exiting entirely with an estimated $1.14M sold.
- 50 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q4 2014, up from 38 in Q3 2014.
- Funds reported $22.4M of BNY Mellon Strategic Municipal Bond Fund stock for Q4 2014, up 51% quarter-over-quarter.
- 17 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q4 2014 and 4 closed out, a net change of +13 holders.
- The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q4 2014 was Sit Investment Associates, an estimated $2M added.
- The largest BNY Mellon Strategic Municipal Bond Fund seller in Q4 2014 was Guggenheim Capital, an estimated $1.14M sold.
Based on aggregated 13F filings for Q4 2014.