BNY Mellon Strategic Municipal Bond Fund
DSM
80 hedge funds and large institutions have $62.9M invested in BNY Mellon Strategic Municipal Bond Fund in 2023 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 26 increasing their positions, 20 reducing their positions, and 15 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 20
8% more capital invested
Capital invested by funds: $58.3M → $62.9M (+$4.57M)
0.9% more ownership
Funds ownership: 20.41% → 21.3% (+0.9%)
7% less funds holding
Funds holding: 86 → 80 (-6)
40% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WP
Woodline Partners
San Francisco,
California
|
+$1.9M |
| 2 |
Morgan Stanley
New York
|
+$1.72M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.22M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$983K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$621K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$2.64M |
| 2 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$1.18M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$592K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$538K |
| 5 |
OFG
OTA Financial Group
Purchase,
New York
|
-$461K |
DSM Hedge Fund Activity: Q1 2023 in Review
80 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q1 2023, worth a combined $62.9M — up 7.8% from $58.3M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of DSM and 9 opened new positions — a net loss of 6 holders — while 20 trimmed existing stakes and 26 added.
The largest buyer was Woodline Partners, adding an estimated $1.9M. The largest seller was Hennion & Walsh Asset Management, cutting an estimated $2.64M.
- 80 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q1 2023, down from 86 in Q4 2022.
- Funds reported $62.9M of BNY Mellon Strategic Municipal Bond Fund stock for Q1 2023, up 7.8% quarter-over-quarter.
- 9 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q1 2023 and 15 closed out, a net change of -6 holders.
- The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q1 2023 was Woodline Partners, an estimated $1.9M added.
- The largest BNY Mellon Strategic Municipal Bond Fund seller in Q1 2023 was Hennion & Walsh Asset Management, an estimated $2.64M sold.
Based on aggregated 13F filings for Q1 2023.