BNY Mellon Strategic Municipal Bond Fund
DSM
76 hedge funds and large institutions have $41.3M invested in BNY Mellon Strategic Municipal Bond Fund in 2018 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 23 increasing their positions, 18 reducing their positions, and 12 closing their positions.
50% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 12
28% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 18
9% more funds holding
Funds holding: 70 → 76 (+6)
0.53% more ownership
Funds ownership: 11.44% → 11.98% (+0.53%)
44% less capital invested
Capital invested by funds: $73.2M → $41.3M (-$31.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.81M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.56M |
| 3 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
+$1.16M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$784K |
| 5 |
WAM
Wakefield Asset Management
Englewood,
Colorado
|
+$703K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$1.93M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.89M |
| 3 |
Morgan Stanley
New York
|
-$1.38M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.16M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$716K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KPW
76
Kore Private Wealth
New York
| $3K | +$3.51K | +500 | New |
|
|
LCM
77
Laurion Capital Management
New York
| – | -$1.93M | -262,787 | Closed |
|
|
EDRIA
78
Edmonds Duncan Registered Investment Advisors
Lawrence,
Kansas
| – | -$186K | -25,300 | Closed |
|
79
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$141K | -19,259 | Closed |
|
|
VCM
80
Virtue Capital Management
Brentwood,
Tennessee
| – | -$93K | -12,674 | Closed |
|
|
TSS
81
Two Sigma Securities
New York
| – | -$88K | -12,015 | Closed |
|
|
WS
82
Wedbush Securities
Los Angeles,
California
| – | -$88K | -12,000 | Closed |
|
|
RJT
83
Raymond James Trust
St. Petersburg,
Florida
| – | -$81K | -11,000 | Closed |
|
|
AIP
84
Ameritas Investment Partners
Lincoln,
Nebraska
| – | -$54K | -7,426 | Closed |
|
85
Walleye Trading
New York
| – | -$40K | -5,400 | Closed |
|
|
SPIA
86
Steward Partners Investment Advisory
New York
| – | -$32K | -4,322 | Closed |
|
|
PSC
87
Prentiss Smith & Co
Brattleboro,
Vermont
| – | -$12K | -1,574 | Closed |
|
DSM Hedge Fund Activity: Q4 2018 in Review
76 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q4 2018, worth a combined $41.3M — down 44% from $73.2M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new DSM positions and 12 closed out — a net gain of 6 holders — while 23 added to existing stakes and 18 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $1.81M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $1.93M sold.
- 76 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q4 2018, up from 70 in Q3 2018.
- Funds reported $41.3M of BNY Mellon Strategic Municipal Bond Fund stock for Q4 2018, down 44% quarter-over-quarter.
- 18 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q4 2018 and 12 closed out, a net change of +6 holders.
- The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q4 2018 was Sit Investment Associates, an estimated $1.81M added.
- The largest BNY Mellon Strategic Municipal Bond Fund seller in Q4 2018 was Laurion Capital Management, an estimated $1.93M sold.
Based on aggregated 13F filings for Q4 2018.