BNY Mellon Strategic Municipal Bond Fund
DSM
97 hedge funds and large institutions have $107M invested in BNY Mellon Strategic Municipal Bond Fund in 2024 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 29 increasing their positions, 24 reducing their positions, and 7 closing their positions.
86% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 7
21% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 24
15% more capital invested
Capital invested by funds: $93.8M → $107M (+$13.6M)
5% more funds holding
Funds holding: 92 → 97 (+5)
4.2% more ownership
Funds ownership: 32.41% → 36.61% (+4.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$5.64M |
| 2 |
Pathstone Holdings
Englewood,
New Jersey
|
+$1.91M |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
+$1.89M |
| 4 |
LPL Financial
San Diego,
California
|
+$1.41M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$1.15M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$744K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$543K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$339K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$297K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WTA
101
Washington Trust Advisors
Wellesley,
Massachusetts
| – | -$38.1K | -6,500 | Closed |
|
102
Comerica Bank
Dallas,
Texas
| – | -$13.1K | -2,230 | Closed |
|
103
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$10K | -1,749 | Closed |
|
DSM Hedge Fund Activity: Q2 2024 in Review
97 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q2 2024, worth a combined $107M — up 15% from $93.8M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new DSM positions and 7 closed out — a net gain of 6 holders — while 29 added to existing stakes and 24 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $5.64M. The largest seller was Logan Stone Capital, cutting an estimated $1.15M.
- 97 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q2 2024, up from 92 in Q1 2024.
- Funds reported $107M of BNY Mellon Strategic Municipal Bond Fund stock for Q2 2024, up 15% quarter-over-quarter.
- 13 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q2 2024 and 7 closed out, a net change of +6 holders.
- The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q2 2024 was Saba Capital Management, an estimated $5.64M added.
- The largest BNY Mellon Strategic Municipal Bond Fund seller in Q2 2024 was Logan Stone Capital, an estimated $1.15M sold.
Based on aggregated 13F filings for Q2 2024.