BNY Mellon Strategic Municipal Bond Fund
DSM
50 hedge funds and large institutions have $32.1M invested in BNY Mellon Strategic Municipal Bond Fund in 2016 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 20 increasing their positions, 14 reducing their positions, and 12 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 14
0.51% less ownership
Funds ownership: 8.55% → 8.05% (-0.51%)
1% less capital invested
Capital invested by funds: $32.5M → $32.1M (-$345K)
15% less funds holding
Funds holding: 59 → 50 (-9)
75% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.42M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$667K |
| 3 |
MIAN
Mariner Independent Advisor Network
Overland Park,
Kansas
|
+$371K |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$276K |
| 5 |
VanEck Associates
New York
|
+$217K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$2.07M |
| 2 |
Morgan Stanley
New York
|
-$1.04M |
| 3 |
AIG
American International Group
New York
|
-$467K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$277K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$226K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
N
51
Nuveen
Charlotte,
North Carolina
| $1.58K | – | – | – |
|
|
LCM
52
Landscape Capital Management
Englewood,
New Jersey
| – | -$226K | -27,999 | Closed |
|
|
LCM
53
Laurion Capital Management
New York
| – | -$197K | -24,383 | Closed |
|
54
Comerica Bank
Dallas,
Texas
| – | -$176K | -21,356 | Closed |
|
|
VKH
55
Virtu KCG Holdings
New York
| – | -$138K | -17,153 | Closed |
|
56
SG Americas Securities
New York
| – | -$108K | -13,322 | Closed |
|
57
Koshinski Asset Management
Decatur,
Illinois
| – | -$89K | -11,000 | Closed |
|
58
Ameriprise
Minneapolis,
Minnesota
| – | -$87K | -10,735 | Closed |
|
59
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$84K | -10,425 | Closed |
|
|
FIM
60
Frontier Investment Management
Dallas,
Texas
| – | -$81K | -10,000 | Closed |
|
61
Squarepoint
New York
| – | -$81K | -10,000 | Closed |
|
|
AIA
62
Allegis Investment Advisors
Idaho Falls,
Idaho
| – | -$29K | -3,630 | Closed |
|
|
IA
63
IFP Advisors
Tampa,
Florida
| – | -$7K | -925 | Closed |
|
DSM Hedge Fund Activity: Q1 2016 in Review
50 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q1 2016, worth a combined $32.1M — down 1.1% from $32.5M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of DSM and 3 opened new positions — a net loss of 9 holders — while 14 trimmed existing stakes and 20 added.
The largest buyer was Guggenheim Capital, adding an estimated $1.42M. The largest seller was Robinson Capital Management, cutting an estimated $2.07M.
- 50 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q1 2016, down from 59 in Q4 2015.
- Funds reported $32.1M of BNY Mellon Strategic Municipal Bond Fund stock for Q1 2016, down 1.1% quarter-over-quarter.
- 3 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q1 2016 and 12 closed out, a net change of -9 holders.
- The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q1 2016 was Guggenheim Capital, an estimated $1.42M added.
- The largest BNY Mellon Strategic Municipal Bond Fund seller in Q1 2016 was Robinson Capital Management, an estimated $2.07M sold.
Based on aggregated 13F filings for Q1 2016.