BNY Mellon Strategic Municipal Bond Fund
DSM
95 hedge funds and large institutions have $91.8M invested in BNY Mellon Strategic Municipal Bond Fund in 2023 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 34 increasing their positions, 22 reducing their positions, and 12 closing their positions.
67% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 12
55% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 22
29% more capital invested
Capital invested by funds: $70.9M → $91.8M (+$20.9M)
6% more funds holding
Funds holding: 90 → 95 (+5)
3.67% more ownership
Funds ownership: 28.87% → 32.54% (+3.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$8.06M |
| 2 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$1.22M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
+$1.1M |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$951K |
| 5 |
AC
Almitas Capital
Santa Monica,
California
|
+$638K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$4.47M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$3.1M |
| 3 |
Morgan Stanley
New York
|
-$1.8M |
| 4 |
WP
Woodline Partners
San Francisco,
California
|
-$1.12M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$650K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DAS
101
Dynamic Advisor Solutions
Phoenix,
Arizona
| – | -$62.2K | -12,506 | Closed |
|
102
Truist Financial
Charlotte,
North Carolina
| – | -$59.9K | -12,055 | Closed |
|
|
AAS
103
Avantax Advisory Services
Dallas,
Texas
| – | -$52.4K | -10,553 | Closed |
|
|
SPIA
104
Steward Partners Investment Advisory
New York
| – | -$8.7K | -1,750 | Closed |
|
|
LFA
105
LGT Financial Advisors
Dallas,
Texas
| – | -$6.91K | -1,391 | Closed |
|
|
BFP
106
Briaud Financial Planning
College Station,
Texas
| – | -$4K | -874 | Closed |
|
|
SA
107
Scarborough Advisors
Annapolis,
Maryland
| – | +$3.81K | +729 | New |
|
DSM Hedge Fund Activity: Q4 2023 in Review
95 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q4 2023, worth a combined $91.8M — up 29% from $70.9M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new DSM positions and 12 closed out — a net gain of 8 holders — while 34 added to existing stakes and 22 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $8.06M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $4.47M sold.
- 95 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q4 2023, up from 90 in Q3 2023.
- Funds reported $91.8M of BNY Mellon Strategic Municipal Bond Fund stock for Q4 2023, up 29% quarter-over-quarter.
- 20 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q4 2023 and 12 closed out, a net change of +8 holders.
- The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q4 2023 was Saba Capital Management, an estimated $8.06M added.
- The largest BNY Mellon Strategic Municipal Bond Fund seller in Q4 2023 was Robinson Capital Management, an estimated $4.47M sold.
Based on aggregated 13F filings for Q4 2023.