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DSM

BNY Mellon Strategic Municipal Bond Fund
DSM

67 hedge funds and large institutions have $40.7M invested in BNY Mellon Strategic Municipal Bond Fund in 2019 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 26 increasing their positions, 12 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 12

1% less capital invested

Capital invested by funds: $41.3M → $40.7M (-$613K)

1.29% less ownership

Funds ownership: 11.98% → 10.68% (-1.3%)

12% less funds holding

Funds holding: 76 → 67 (-9)

67% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 12

Holders
67
Holders Change
-9
Holders Change %
-11.84%
% of All Funds
1.45%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
26
Reduced
12
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
VF
Virtu Financial
New York
+$2.08M
2
UBS Group
UBS Group
Switzerland
+$483K
3
RCM
Robinson Capital Management
Michigan
+$396K
4
Baird Financial Group
Baird Financial Group
Wisconsin
+$377K
5
CIA
Capital Investment Advisors
Georgia
+$299K

Top Sellers

Rank Fund Capital Flow
1
AWA
Arete Wealth Advisors
Illinois
-$2.5M
2
WAM
Wolverine Asset Management
Illinois
-$1.91M
3
RCM
Rivernorth Capital Management
Florida
-$1.54M
4
LCM
Landscape Capital Management
New Jersey
-$1.06M
5
AA
AQR Arbitrage
Connecticut
-$604K
Name Holding Trade Value Shares
Change 		Change in
Stake
TNBTD
51
Trustmark National Bank Trust Department
Mississippi
$72K – – –
RFC
52
Regions Financial Corp
Alabama
$61K – – –
WAM
53
Wealthspire Advisors (Maryland)
Maryland
$49K – – –
RCAG
54
Rehmann Capital Advisory Group
Michigan
$34.8K – – –
SSB
55
Sandy Spring Bank
Maryland
$31K – – –
QCIG
56
Quad-Cities Investment Group
Iowa
$28K +$397 +53 +1%
Royal Bank of Canada
57
Royal Bank of Canada
Ontario, Canada
$26K +$6.29K +840 +33%
CFG
58
CKW Financial Group
Hawaii
$23K – – –
ASN
59
Advisory Services Network
Georgia
$15K +$8.6K +1,148 +144%
BFC
60
Bedel Financial Consulting
Indiana
$14K – – –
PWMG
61
Prestige Wealth Management Group
New Jersey
$11K – – –
S
62
SignatureFD
Georgia
$8K – – –
FHB
63
First Hawaiian Bank
Hawaii
$6K – – –
WCM
64
WealthBridge Capital Management
Ohio
$4K -$3.59K -479 -50%
KPW
65
Kore Private Wealth
New York
$4K – – –
Northwestern Mutual Wealth Management
66
Northwestern Mutual Wealth Management
Wisconsin
$2K +$1.51K +201 New
ACA
67
Ackerman Capital Advisors
Texas
$100 +$96.7K +12,903 New
WAM
68
Wolverine Asset Management
Illinois
– -$1.91M -273,830 Closed
RCM
69
Rivernorth Capital Management
Florida
– -$1.54M -222,363 Closed
LCM
70
Landscape Capital Management
New Jersey
– -$1.06M -151,321 Closed
WAM
71
Weiss Asset Management
Massachusetts
– -$368K -52,745 Closed
Millennium Management
72
Millennium Management
New York
– -$283K -40,520 Closed
Envestnet Asset Management
73
Envestnet Asset Management
Illinois
– -$238K -34,127 Closed
PAS
74
Park Avenue Securities
New York
– -$246K -33,582 Closed
CRC
75
Curi RMB Capital
Illinois
– -$113K -16,134 Closed
1 2
3
4

DSM Hedge Fund Activity: Q1 2019 in Review

67 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q1 2019, worth a combined $40.7M — down 1.5% from $41.3M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of DSM and 4 opened new positions — a net loss of 8 holders — while 12 trimmed existing stakes and 26 added.

The largest buyer was Virtu Financial, adding an estimated $2.08M. The largest seller was Arete Wealth Advisors, cutting an estimated $2.5M.

  • 67 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q1 2019, down from 76 in Q4 2018.
  • Funds reported $40.7M of BNY Mellon Strategic Municipal Bond Fund stock for Q1 2019, down 1.5% quarter-over-quarter.
  • 4 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q1 2019 and 12 closed out, a net change of -8 holders.
  • The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q1 2019 was Virtu Financial, an estimated $2.08M added.
  • The largest BNY Mellon Strategic Municipal Bond Fund seller in Q1 2019 was Arete Wealth Advisors, an estimated $2.5M sold.

Based on aggregated 13F filings for Q1 2019.