BNY Mellon Strategic Municipal Bond Fund
DSM
92 hedge funds and large institutions have $132M invested in BNY Mellon Strategic Municipal Bond Fund in 2025 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 27 increasing their positions, 29 reducing their positions, and 11 closing their positions.
1.88% more ownership
Funds ownership: 45.69% → 47.58% (+1.9%)
7% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 29
4% less funds holding
Funds holding: 96 → 92 (-4)
17% less capital invested
Capital invested by funds: $158M → $132M (-$26.3M)
27% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 11
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$5.06M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.66M |
| 3 |
Pathstone Holdings
Englewood,
New Jersey
|
+$2.07M |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$1.34M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$537K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
-$2.12M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$1.19M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
-$1.08M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$967K |
| 5 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$518K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAP
101
Wealthcare Advisory Partners
West Chester,
Pennsylvania
| – | -$58.5K | -10,131 | Closed |
|
|
MC
102
Moors & Cabot
Boston,
Massachusetts
| – | -$57.7K | -10,000 | Closed |
|
103
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | +$50 | +9 | New |
|
DSM Hedge Fund Activity: Q2 2025 in Review
92 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q2 2025, worth a combined $132M — down 17% from $158M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of DSM and 8 opened new positions — a net loss of 3 holders — while 29 trimmed existing stakes and 27 added.
The largest buyer was Saba Capital Management, adding an estimated $5.06M. The largest seller was Whitebox Advisors, cutting an estimated $2.12M.
- 92 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q2 2025, down from 96 in Q1 2025.
- Funds reported $132M of BNY Mellon Strategic Municipal Bond Fund stock for Q2 2025, down 17% quarter-over-quarter.
- 8 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q2 2025 and 11 closed out, a net change of -3 holders.
- The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q2 2025 was Saba Capital Management, an estimated $5.06M added.
- The largest BNY Mellon Strategic Municipal Bond Fund seller in Q2 2025 was Whitebox Advisors, an estimated $2.12M sold.
Based on aggregated 13F filings for Q2 2025.