BNY Mellon Strategic Municipal Bond Fund
DSM
69 hedge funds and large institutions have $65.7M invested in BNY Mellon Strategic Municipal Bond Fund in 2021 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 27 increasing their positions, 11 reducing their positions, and 13 closing their positions.
145% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 11
26% more capital invested
Capital invested by funds: $52M → $65.7M (+$13.6M)
2.84% more ownership
Funds ownership: 10.63% → 13.46% (+2.8%)
7% less funds holding
Funds holding: 74 → 69 (-5)
31% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 13
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$935K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$853K |
| 3 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$586K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$405K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$394K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$2.35M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.33M |
| 3 |
LPL Financial
San Diego,
California
|
-$1.05M |
| 4 |
CFB
Cullen/Frost Bankers
San Antonio,
Texas
|
-$787K |
| 5 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$755K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SWP
76
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$157K | -20,000 | Closed |
|
|
EFS
77
Essex Financial Services
Essex,
Connecticut
| – | -$113K | -14,300 | Closed |
|
|
CCFM
78
Clear Creek Financial Management
Silverdale,
Washington
| – | -$94K | -11,970 | Closed |
|
79
Creative Planning
Overland Park,
Kansas
| – | -$92K | -11,696 | Closed |
|
80
Stifel Financial
St. Louis,
Missouri
| – | -$90K | -11,444 | Closed |
|
|
ASN
81
Advisory Services Network
Atlanta,
Georgia
| – | -$9K | -1,148 | Closed |
|
|
AWG
82
Altus Wealth Group
Colorado Springs,
Colorado
| – | -$6K | -700 | Closed |
|
DSM Hedge Fund Activity: Q1 2021 in Review
69 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q1 2021, worth a combined $65.7M — up 26% from $52M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of DSM and 9 opened new positions — a net loss of 4 holders — while 11 trimmed existing stakes and 27 added.
The largest buyer was Parametric Portfolio Associates, adding an estimated $935K. The largest seller was Mariner Investment Group, exiting entirely with an estimated $2.35M sold.
- 69 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q1 2021, down from 74 in Q4 2020.
- Funds reported $65.7M of BNY Mellon Strategic Municipal Bond Fund stock for Q1 2021, up 26% quarter-over-quarter.
- 9 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q1 2021 and 13 closed out, a net change of -4 holders.
- The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q1 2021 was Parametric Portfolio Associates, an estimated $935K added.
- The largest BNY Mellon Strategic Municipal Bond Fund seller in Q1 2021 was Mariner Investment Group, an estimated $2.35M sold.
Based on aggregated 13F filings for Q1 2021.