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DSM

BNY Mellon Strategic Municipal Bond Fund
DSM

65 hedge funds and large institutions have $40.4M invested in BNY Mellon Strategic Municipal Bond Fund in 2018 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 20 increasing their positions, 14 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 14

12% more capital invested

Capital invested by funds: $36M → $40.4M (+$4.41M)

1.2% more ownership

Funds ownership: 9.77% → 10.98% (+1.2%)

2% less funds holding

Funds holding: 66 → 65 (-1)

17% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 6

Holders
65
Holders Change
-1
Holders Change %
-1.52%
% of All Funds
1.49%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
20
Reduced
14
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
+$4.87M
2
GC
Guggenheim Capital
Illinois
+$756K
3
RCM
Robinson Capital Management
Michigan
+$655K
4
WAM
Wolverine Asset Management
Illinois
+$376K
5
VanEck Associates
VanEck Associates
New York
+$338K

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$722K
2
MIAN
Mariner Independent Advisor Network
Kansas
-$674K
3
SG Americas Securities
SG Americas Securities
New York
-$641K
4
DA
Doliver Advisors
Texas
-$78K
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$58K
Name Holding Trade Value Shares
Change 		Change in
Stake
SPIA
51
Steward Partners Investment Advisory
New York
$33K +$31K +4,099 +2,050%
QCIG
52
Quad-Cities Investment Group
Iowa
$26K +$26.4K +3,501 New
Fifth Third Bancorp
53
Fifth Third Bancorp
Ohio
$23K -$25.1K -3,320 -52%
CFG
54
CKW Financial Group
Hawaii
$23K +$22.5K +2,974 New
Royal Bank of Canada
55
Royal Bank of Canada
Ontario, Canada
$15K -$23K -3,040 -60%
BFC
56
Bedel Financial Consulting
Indiana
$13K – – –
PSC
57
Prentiss Smith & Co
Vermont
$12K – – –
AG
58
Advisor Group
Arizona
$9K – – –
S
59
SignatureFD
Georgia
$7K – – –
ASN
60
Advisory Services Network
Georgia
$6K – – –
WAM
61
Watermark Asset Management
California
$5K – – –
Bessemer Group
62
Bessemer Group
New Jersey
$2K – – –
CFD
63
Creative Financial Designs
Indiana
$1K +$23 +3 +2%
NMC
64
Nine Masts Capital
Hong Kong
$1K +$755 +100 New
PMG
65
ProVise Management Group
Florida
$875 -$53.8K -7,125 -6%
MIAN
66
Mariner Independent Advisor Network
Kansas
– -$674K -88,612 Closed
DA
67
Doliver Advisors
Texas
– -$78K -10,303 Closed
Bank of Montreal
68
Bank of Montreal
Ontario, Canada
– -$58K -7,566 Closed
VCM
69
Virtue Capital Management
Tennessee
– -$56K -7,529 Closed
SWA
70
Sutton Wealth Advisors
Florida
– -$2.06K -270 Closed
KJWM
71
Kiley Juergens Wealth Management
Washington
– +$106 +14 New
1 2
3

DSM Hedge Fund Activity: Q2 2018 in Review

65 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q2 2018, worth a combined $40.4M — up 12% from $36M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of DSM and 5 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 20 added.

The largest buyer was Laurion Capital Management, adding an estimated $4.87M. The largest seller was Invesco, cutting an estimated $722K.

  • 65 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q2 2018, down from 66 in Q1 2018.
  • Funds reported $40.4M of BNY Mellon Strategic Municipal Bond Fund stock for Q2 2018, up 12% quarter-over-quarter.
  • 5 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q2 2018 and 6 closed out, a net change of -1 holder.
  • The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q2 2018 was Laurion Capital Management, an estimated $4.87M added.
  • The largest BNY Mellon Strategic Municipal Bond Fund seller in Q2 2018 was Invesco, an estimated $722K sold.

Based on aggregated 13F filings for Q2 2018.