BNY Mellon Strategic Municipal Bond Fund
DSM
46 hedge funds and large institutions have $25.7M invested in BNY Mellon Strategic Municipal Bond Fund in 2015 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 9 reducing their positions, and 9 closing their positions.
133% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 9
15% more capital invested
Capital invested by funds: $22.4M → $25.7M (+$3.31M)
0.71% more ownership
Funds ownership: 5.75% → 6.47% (+0.71%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less funds holding
Funds holding: 50 → 46 (-4)
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSA
Liberty Street Advisors
New York
|
+$1.38M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.3M |
| 3 |
AIG
American International Group
New York
|
+$491K |
| 4 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
+$228K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$197K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$565K |
| 2 |
SG Americas Securities
New York
|
-$228K |
| 3 |
VKH
Virtu KCG Holdings
New York
|
-$171K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$168K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$156K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FCCM
51
First City Capital Management
Savannah,
Georgia
| – | -$36.8K | -4,623 | Closed |
|
|
RC
52
RegentAtlantic Capital
Morristown,
New Jersey
| – | -$27.9K | -3,508 | Closed |
|
53
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$10K | -1,250 | Closed |
|
54
Citigroup
New York
| – | -$1.12K | -139 | -99% |
|
DSM Hedge Fund Activity: Q1 2015 in Review
46 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q1 2015, worth a combined $25.7M — up 15% from $22.4M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of DSM and 6 opened new positions — a net loss of 3 holders — while 9 trimmed existing stakes and 21 added.
The largest buyer was Liberty Street Advisors, adding an estimated $1.38M. The largest seller was Mariner Investment Group, exiting entirely with an estimated $565K sold.
- 46 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q1 2015, down from 50 in Q4 2014.
- Funds reported $25.7M of BNY Mellon Strategic Municipal Bond Fund stock for Q1 2015, up 15% quarter-over-quarter.
- 6 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q1 2015 and 9 closed out, a net change of -3 holders.
- The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q1 2015 was Liberty Street Advisors, an estimated $1.38M added.
- The largest BNY Mellon Strategic Municipal Bond Fund seller in Q1 2015 was Mariner Investment Group, an estimated $565K sold.
Based on aggregated 13F filings for Q1 2015.