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DSM

BNY Mellon Strategic Municipal Bond Fund
DSM

70 hedge funds and large institutions have $73.2M invested in BNY Mellon Strategic Municipal Bond Fund in 2018 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 20 increasing their positions, 16 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

125% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 4

81% more capital invested

Capital invested by funds: $40.4M → $73.2M (+$32.8M)

25% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 16

8% more funds holding

Funds holding: 65 → 70 (+5)

0.47% more ownership

Funds ownership: 10.98% → 11.44% (+0.47%)

Holders
70
Holders Change
+5
Holders Change %
+7.69%
% of All Funds
1.6%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
20
Reduced
16
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
+$2.53M
2
COLIM
City of London Investment Management
United Kingdom
+$693K
3
Ameriprise
Ameriprise
Minnesota
+$599K
4
LWAC
Laurel Wealth Advisors (California)
California
+$410K
5
DDPIC
Deroy & Devereaux Private Investment Counsel
Michigan
+$315K

Top Sellers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
-$3.48M
2
Invesco
Invesco
Georgia
-$818K
3
SG Americas Securities
SG Americas Securities
New York
-$326K
4
WAM
Wolverine Asset Management
Illinois
-$190K
5
Walleye Trading
Walleye Trading
New York
-$169K
Name Holding Trade Value Shares
Change 		Change in
Stake
OC
51
Oppenheimer & Co
New York
$81K +$82.8K +11,000 New
AG
52
Advisor Group
Arizona
$74K +$67K +8,905 +755%
TNBTD
53
Trustmark National Bank Trust Department
Mississippi
$68K +$69.8K +9,279 New
RFC
54
Regions Financial Corp
Alabama
$58K – – –
SSB
55
Sandy Spring Bank
Maryland
$57K – – –
AIP
56
Ameritas Investment Partners
Nebraska
$54K – – –
Walleye Trading
57
Walleye Trading
New York
$40K -$169K -22,400 -81%
RCAG
58
Rehmann Capital Advisory Group
Michigan
$33K – – –
SPIA
59
Steward Partners Investment Advisory
New York
$32K +$173 +23 +0.5%
QCIG
60
Quad-Cities Investment Group
Iowa
$26K +$361 +48 +1%
Fifth Third Bancorp
61
Fifth Third Bancorp
Ohio
$23K – – –
CFG
62
CKW Financial Group
Hawaii
$22K – – –
Royal Bank of Canada
63
Royal Bank of Canada
Ontario, Canada
$15K – – –
BFC
64
Bedel Financial Consulting
Indiana
$12K – – –
PSC
65
Prentiss Smith & Co
Vermont
$12K – – –
S
66
SignatureFD
Georgia
$7K – – –
ASN
67
Advisory Services Network
Georgia
$6K – – –
FHB
68
First Hawaiian Bank
Hawaii
$6K +$6.32K +840 New
WAM
69
Watermark Asset Management
California
$5K – – –
SG Americas Securities
70
SG Americas Securities
New York
– -$326K -43,039 Closed
Bessemer Group
71
Bessemer Group
New Jersey
– -$2K -300 Closed
CFD
72
Creative Financial Designs
Indiana
– -$1K -193 Closed
NMC
73
Nine Masts Capital
Hong Kong
– -$1K -100 Closed
1 2
3

DSM Hedge Fund Activity: Q3 2018 in Review

70 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q3 2018, worth a combined $73.2M — up 81% from $40.4M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new DSM positions and 4 closed out — a net gain of 5 holders — while 20 added to existing stakes and 16 trimmed.

The largest buyer was Robinson Capital Management, adding an estimated $2.53M. The largest seller was Laurion Capital Management, cutting an estimated $3.48M.

  • 70 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q3 2018, up from 65 in Q2 2018.
  • Funds reported $73.2M of BNY Mellon Strategic Municipal Bond Fund stock for Q3 2018, up 81% quarter-over-quarter.
  • 9 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q3 2018 and 4 closed out, a net change of +5 holders.
  • The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q3 2018 was Robinson Capital Management, an estimated $2.53M added.
  • The largest BNY Mellon Strategic Municipal Bond Fund seller in Q3 2018 was Laurion Capital Management, an estimated $3.48M sold.

Based on aggregated 13F filings for Q3 2018.