BNY Mellon Strategic Municipal Bond Fund
DSM
51 hedge funds and large institutions have $31.1M invested in BNY Mellon Strategic Municipal Bond Fund in 2017 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 12 reducing their positions, and 6 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 12
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
0.41% less ownership
Funds ownership: 8.1% → 7.69% (-0.41%)
3% less capital invested
Capital invested by funds: $32M → $31.1M (-$862K)
2% less funds holding
Funds holding: 52 → 51 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$879K |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$808K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$637K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$372K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$167K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$2.54M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$617K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$533K |
| 4 |
MIAN
Mariner Independent Advisor Network
Overland Park,
Kansas
|
-$356K |
| 5 |
Millennium Management
New York
|
-$202K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SPIA
51
Steward Partners Investment Advisory
New York
| $1K | +$1.02K | +123 | New |
|
|
LCM
52
Laurion Capital Management
New York
| – | -$2.54M | -315,470 | Closed |
|
|
MIAN
53
Mariner Independent Advisor Network
Overland Park,
Kansas
| – | -$356K | -44,306 | Closed |
|
|
54
Millennium Management
New York
| – | -$202K | -25,135 | Closed |
|
|
VKH
55
Virtu KCG Holdings
New York
| – | -$193K | -24,009 | Closed |
|
|
DADC
56
D.A. Davidson & Co
Great Falls,
Montana
| – | -$32K | -4,058 | Closed |
|
|
FNBT
57
FineMark National Bank & Trust
Fort Myers,
Florida
| – | -$28K | -3,496 | Closed |
|
DSM Hedge Fund Activity: Q1 2017 in Review
51 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q1 2017, worth a combined $31.1M — down 2.7% from $32M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new DSM positions and 6 closed out — a net gain of 1 holder — while 15 added to existing stakes and 12 trimmed.
The largest buyer was Invesco, opening a new position worth an estimated $879K. The largest seller was Laurion Capital Management, exiting entirely with an estimated $2.54M sold.
- 51 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q1 2017, down from 52 in Q4 2016.
- Funds reported $31.1M of BNY Mellon Strategic Municipal Bond Fund stock for Q1 2017, down 2.7% quarter-over-quarter.
- 7 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q1 2017 and 6 closed out, a net change of +1 holder.
- The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q1 2017 was Invesco, an estimated $879K added.
- The largest BNY Mellon Strategic Municipal Bond Fund seller in Q1 2017 was Laurion Capital Management, an estimated $2.54M sold.
Based on aggregated 13F filings for Q1 2017.