BNY Mellon Strategic Municipal Bond Fund
DSM
53 hedge funds and large institutions have $37.4M invested in BNY Mellon Strategic Municipal Bond Fund in 2016 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 17 increasing their positions, 11 reducing their positions, and 6 closing their positions.
55% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 11
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
17% more capital invested
Capital invested by funds: $32.1M → $37.4M (+$5.32M)
6% more funds holding
Funds holding: 50 → 53 (+3)
0.35% more ownership
Funds ownership: 8.05% → 8.4% (+0.35%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$805K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$388K |
| 3 |
SMC
Smith, Moore & Co
Clayton,
Missouri
|
+$298K |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$181K |
| 5 |
VanEck Associates
New York
|
+$163K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIG
American International Group
New York
|
-$1.89M |
| 2 |
LPL Financial
San Diego,
California
|
-$699K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$175K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$115K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$106K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DADC
51
D.A. Davidson & Co
Great Falls,
Montana
| $10K | – | – | – |
|
|
S
52
SignatureFD
Atlanta,
Georgia
| $9K | – | – | – |
|
|
ASN
53
Advisory Services Network
Atlanta,
Georgia
| $7K | – | – | – |
|
|
AIG
54
American International Group
New York
| – | -$1.89M | -222,530 | Closed |
|
|
RCM
55
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$175K | -20,557 | Closed |
|
|
FCCM
56
First City Capital Management
Savannah,
Georgia
| – | -$39.3K | -4,623 | Closed |
|
|
UFA
57
US Financial Advisors
Braintree,
Massachusetts
| – | -$37K | -4,400 | Closed |
|
|
TRCT
58
Tower Research Capital (TRC)
New York
| – | -$9K | -1,100 | Closed |
|
59
Citigroup
New York
| – | -$7.88K | -899 | -100% |
|
|
IIM
60
Ipswich Investment Management
Beverly,
Massachusetts
| – | -$6K | -700 | Closed |
|
DSM Hedge Fund Activity: Q2 2016 in Review
53 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q2 2016, worth a combined $37.4M — up 17% from $32.1M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new DSM positions and 6 closed out — a net gain of 3 holders — while 17 added to existing stakes and 11 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $805K. The largest seller was American International Group, exiting entirely with an estimated $1.89M sold.
- 53 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q2 2016, up from 50 in Q1 2016.
- Funds reported $37.4M of BNY Mellon Strategic Municipal Bond Fund stock for Q2 2016, up 17% quarter-over-quarter.
- 9 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q2 2016 and 6 closed out, a net change of +3 holders.
- The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q2 2016 was Guggenheim Capital, an estimated $805K added.
- The largest BNY Mellon Strategic Municipal Bond Fund seller in Q2 2016 was American International Group, an estimated $1.89M sold.
Based on aggregated 13F filings for Q2 2016.