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DSM

BNY Mellon Strategic Municipal Bond Fund
DSM

65 hedge funds and large institutions have $42.9M invested in BNY Mellon Strategic Municipal Bond Fund in 2020 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 13 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

54% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 13

10% more capital invested

Capital invested by funds: $38.8M → $42.9M (+$4.06M)

0.8% more ownership

Funds ownership: 8.71% → 9.51% (+0.8%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

10% less funds holding

Funds holding: 72 → 65 (-7)

64% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 11

Holders
65
Holders Change
-7
Holders Change %
-9.72%
% of All Funds
1.33%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
4
Increased
20
Reduced
13
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$2.56M
2
RCM
Robinson Capital Management
Michigan
+$1.21M
3
PPA
Parametric Portfolio Associates
Washington
+$705K
4
PAS
Park Avenue Securities
New York
+$570K
5
UBS Group
UBS Group
Switzerland
+$468K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$768K
2
LCM
Landscape Capital Management
New Jersey
-$613K
3
Ameriprise
Ameriprise
Minnesota
-$445K
4
WAM
Wolverine Asset Management
Illinois
-$440K
5
Bank of America
Bank of America
North Carolina
-$290K
Name Holding Trade Value Shares
Change 		Change in
Stake
PNC Financial Services Group
51
PNC Financial Services Group
Pennsylvania
$86K -$14.8K -2,101 -15%
PA
52
Parallel Advisors
California
$79K – – –
FHA
53
Flagship Harbor Advisors
Massachusetts
$46K – – –
SSB
54
Sandy Spring Bank
Maryland
$44K +$14.8K +2,097 +53%
APA
55
American Portfolios Advisors
New York
$36.2K – – –
SPIA
56
Steward Partners Investment Advisory
New York
$30K – – –
Royal Bank of Canada
57
Royal Bank of Canada
Ontario, Canada
$17K +$989 +140 +6%
BFC
58
Bedel Financial Consulting
Indiana
$13K – – –
PWMG
59
Prestige Wealth Management Group
New Jersey
$10K – – –
CAN
60
Cetera Advisor Networks
California
$7K +$7.07K +1,000 New
PAM
61
Panagora Asset Management
Massachusetts
$5K – – –
KPW
62
Kore Private Wealth
New York
$3K – – –
Northwestern Mutual Wealth Management
63
Northwestern Mutual Wealth Management
Wisconsin
$1K – – –
TI
64
tru Independence
Oregon
$10 – – –
Goldman Sachs
65
Goldman Sachs
New York
– -$160K -22,300 Closed
EFS
66
Essex Financial Services
Connecticut
– -$103K -14,300 Closed
CRC
67
Curi RMB Capital
Illinois
– -$101K -14,100 Closed
ICMP
68
Integrated Capital Management (Pennsylvania)
Pennsylvania
– -$84K -11,735 Closed
MFG
69
MidWestOne Financial Group
Iowa
– -$83K -11,613 Closed
KIM
70
Karpus Investment Management
New York
– -$77K -10,741 Closed
AAS
71
Avantax Advisory Services
Texas
– -$76K -10,553 Closed
GSWM
72
Golden State Wealth Management
California
– -$29K -4,032 Closed
FWM
73
FSA Wealth Management
Massachusetts
– -$24K -3,300 Closed
ASN
74
Advisory Services Network
Georgia
– -$8K -1,148 Closed
DWM
75
Darwin Wealth Management
Florida
– -$7K -1,000 Closed
1 2
3

DSM Hedge Fund Activity: Q2 2020 in Review

65 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q2 2020, worth a combined $42.9M — up 10% from $38.8M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of DSM and 4 opened new positions — a net loss of 7 holders — while 13 trimmed existing stakes and 20 added.

The largest buyer was Sit Investment Associates, adding an estimated $2.56M. The largest seller was Guggenheim Capital, cutting an estimated $768K.

  • 65 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q2 2020, down from 72 in Q1 2020.
  • Funds reported $42.9M of BNY Mellon Strategic Municipal Bond Fund stock for Q2 2020, up 10% quarter-over-quarter.
  • 4 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q2 2020 and 11 closed out, a net change of -7 holders.
  • The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q2 2020 was Sit Investment Associates, an estimated $2.56M added.
  • The largest BNY Mellon Strategic Municipal Bond Fund seller in Q2 2020 was Guggenheim Capital, an estimated $768K sold.

Based on aggregated 13F filings for Q2 2020.