BNY Mellon Strategic Municipal Bond Fund
DSM
71 hedge funds and large institutions have $43.3M invested in BNY Mellon Strategic Municipal Bond Fund in 2020 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 15 increasing their positions, 22 reducing their positions, and 7 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
86% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 7
9% more funds holding
Funds holding: 65 → 71 (+6)
1% more capital invested
Capital invested by funds: $42.9M → $43.3M (+$445K)
0.04% more ownership
Funds ownership: 9.51% → 9.55% (+0.04%)
32% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CFB
Cullen/Frost Bankers
San Antonio,
Texas
|
+$749K |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$637K |
| 3 |
LPL Financial
San Diego,
California
|
+$605K |
| 4 |
6M
6 Meridian
Wichita,
Kansas
|
+$380K |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$363K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
-$991K |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$695K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$529K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$309K |
| 5 |
1WA
180 Wealth Advisors
Federal Way,
Washington
|
-$164K |
DSM Hedge Fund Activity: Q3 2020 in Review
71 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q3 2020, worth a combined $43.3M — up 1% from $42.9M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new DSM positions and 7 closed out — a net gain of 6 holders — while 15 added to existing stakes and 22 trimmed.
The largest buyer was Cullen/Frost Bankers, opening a new position worth an estimated $749K. The largest seller was Arete Wealth Advisors, exiting entirely with an estimated $991K sold.
- 71 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q3 2020, up from 65 in Q2 2020.
- Funds reported $43.3M of BNY Mellon Strategic Municipal Bond Fund stock for Q3 2020, up 1% quarter-over-quarter.
- 13 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q3 2020 and 7 closed out, a net change of +6 holders.
- The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q3 2020 was Cullen/Frost Bankers, an estimated $749K added.
- The largest BNY Mellon Strategic Municipal Bond Fund seller in Q3 2020 was Arete Wealth Advisors, an estimated $991K sold.
Based on aggregated 13F filings for Q3 2020.