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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$4.93M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$1.15M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.04M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$589K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$585K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$473K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$399K |
| 3 |
Millennium Management
New York
|
-$393K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$377K |
| 5 |
BSW
Buckingham Strategic Wealth
Clayton,
Missouri
|
-$363K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
M&T Bank
Buffalo,
New York
| – | -$229K | -28,600 | Closed |
|
|
SS
77
Sunbelt Securities
Houston,
Texas
| – | -$153K | -19,183 | Closed |
|
|
TF
78
TimeScale Financial
Danvers,
Massachusetts
| – | -$11K | -1,444 | Closed |
|
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.