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DSM

BNY Mellon Strategic Municipal Bond Fund
DSM

72 hedge funds and large institutions have $38.8M invested in BNY Mellon Strategic Municipal Bond Fund in 2020 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 20 increasing their positions, 12 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

129% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 7

67% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 12

13% more capital invested

Capital invested by funds: $34.4M → $38.8M (+$4.45M)

11% more funds holding

Funds holding: 65 → 72 (+7)

1.88% more ownership

Funds ownership: 6.83% → 8.71% (+1.9%)

Holders
72
Holders Change
+7
Holders Change %
+10.77%
% of All Funds
1.59%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
16
Increased
20
Reduced
12
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
+$4.93M
2
MIG
Mariner Investment Group
New York
+$1.15M
3
WAM
Wolverine Asset Management
Illinois
+$1.04M
4
Ameriprise
Ameriprise
Minnesota
+$589K
5
AA
AQR Arbitrage
Connecticut
+$585K

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$473K
2
Bank of America
Bank of America
North Carolina
-$399K
3
Millennium Management
Millennium Management
New York
-$393K
4
GC
Guggenheim Capital
Illinois
-$377K
5
BSW
Buckingham Strategic Wealth
Missouri
-$363K
Name Holding Trade Value Shares
Change 		Change in
Stake
NSIM
51
North Star Investment Management
Illinois
$94K – – –
ICMP
52
Integrated Capital Management (Pennsylvania)
Pennsylvania
$84K +$91.3K +11,735 New
MFG
53
MidWestOne Financial Group
Iowa
$83K +$373 +48 +0.4%
PA
54
Parallel Advisors
California
$78K +$85.5K +11,000 New
KIM
55
Karpus Investment Management
New York
$77K +$83.5K +10,741 New
AAS
56
Avantax Advisory Services
Texas
$76K – – –
FHA
57
Flagship Harbor Advisors
Massachusetts
$46K +$50.1K +6,444 New
APA
58
American Portfolios Advisors
New York
$35.9K -$15.6K -2,000 -29%
SPIA
59
Steward Partners Investment Advisory
New York
$29K -$9.53K -1,226 -23%
GSWM
60
Golden State Wealth Management
California
$29K +$31.4K +4,032 New
SSB
61
Sandy Spring Bank
Maryland
$28K – – –
FWM
62
FSA Wealth Management
Massachusetts
$24K – – –
Royal Bank of Canada
63
Royal Bank of Canada
Ontario, Canada
$16K -$45.2K -5,811 -72%
BFC
64
Bedel Financial Consulting
Indiana
$13K – – –
PWMG
65
Prestige Wealth Management Group
New Jersey
$10K – – –
ASN
66
Advisory Services Network
Georgia
$8K – – –
DWM
67
Darwin Wealth Management
Florida
$7K +$7.78K +1,000 New
PAM
68
Panagora Asset Management
Massachusetts
$5K +$5.04K +648 New
KPW
69
Kore Private Wealth
New York
$4K – – –
Northwestern Mutual Wealth Management
70
Northwestern Mutual Wealth Management
Wisconsin
$1K – – –
TI
71
tru Independence
Oregon
$10 -$10.8K -1,394 -49%
Invesco
72
Invesco
Georgia
– -$473K -59,191 Closed
Millennium Management
73
Millennium Management
New York
– -$393K -49,173 Closed
BSW
74
Buckingham Strategic Wealth
Missouri
– -$363K -45,467 Closed
MHS
75
M Holdings Securities
Oregon
– -$233K -29,165 Closed
1 2
3
4

DSM Hedge Fund Activity: Q1 2020 in Review

72 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q1 2020, worth a combined $38.8M — up 13% from $34.4M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new DSM positions and 7 closed out — a net gain of 9 holders — while 20 added to existing stakes and 12 trimmed.

The largest buyer was Robinson Capital Management, adding an estimated $4.93M. The largest seller was Invesco, exiting entirely with an estimated $473K sold.

  • 72 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q1 2020, up from 65 in Q4 2019.
  • Funds reported $38.8M of BNY Mellon Strategic Municipal Bond Fund stock for Q1 2020, up 13% quarter-over-quarter.
  • 16 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q1 2020 and 7 closed out, a net change of +9 holders.
  • The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q1 2020 was Robinson Capital Management, an estimated $4.93M added.
  • The largest BNY Mellon Strategic Municipal Bond Fund seller in Q1 2020 was Invesco, an estimated $473K sold.

Based on aggregated 13F filings for Q1 2020.