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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$2.08M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$483K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$396K |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$377K |
| 5 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$299K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
-$2.5M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.91M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.54M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.06M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$604K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$46K | -6,657 | Closed |
|
77
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$21K | -3,080 | Closed |
|
|
AIC
78
Ameritas Investment Company
Lincoln,
Nebraska
| – | -$8K | -1,195 | Closed |
|
|
IIM
79
Ipswich Investment Management
Beverly,
Massachusetts
| – | -$5K | -700 | Closed |
|
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.