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DSM

BNY Mellon Strategic Municipal Bond Fund
DSM

40 hedge funds and large institutions have $15.4M invested in BNY Mellon Strategic Municipal Bond Fund in 2014 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 13 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 3

3% more funds holding

Funds holding: 39 → 40 (+1)

2% more capital invested

Capital invested by funds: $15.1M → $15.4M (+$231K)

0.18% less ownership

Funds ownership: 3.95% → 3.77% (-0.18%)

38% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 13

Holders
40
Holders Change
+1
Holders Change %
+2.56%
% of All Funds
1.15%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
8
Reduced
13
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
U
UBS
Switzerland
+$293K
2
AIG
American International Group
New York
+$229K
3
LPL Financial
LPL Financial
California
+$121K
4
VKH
Virtu KCG Holdings
New York
+$117K
5
B
Baird
Wisconsin
+$107K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$441K
2
PPA
Parametric Portfolio Associates
Washington
-$375K
3
MIG
Mariner Investment Group
New York
-$233K
4
GC
Guggenheim Capital
Illinois
-$182K
5
Morgan Stanley
Morgan Stanley
New York
-$145K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$2.1M -$145K -17,941 -7%
N
2
Nuveen
North Carolina
$1.81M – – –
GC
3
Guggenheim Capital
Illinois
$1.34M -$182K -22,518 -12%
RJA
4
Raymond James & Associates
Florida
$1.09M -$16.8K -2,081 -2%
Wells Fargo
5
Wells Fargo
California
$987K +$95K +11,781 +11%
HighTower Advisors
6
HighTower Advisors
Illinois
$867K -$43.2K -5,361 -5%
SIA
7
Sit Investment Associates
Minnesota
$774K -$441K -54,700 -37%
AIG
8
American International Group
New York
$755K +$229K +28,445 +45%
LPL Financial
9
LPL Financial
California
$638K +$121K +15,054 +24%
PMG
10
ProVise Management Group
Florida
$545K +$55.7K +6,900 +12%
U
11
UBS
Switzerland
$522K +$293K +36,317 +136%
EFS
12
Essex Financial Services
Connecticut
$375K – – –
CIA
13
Capital Investment Advisors
Georgia
$349K -$17.7K -2,200 -5%
CIBC Private Wealth Group
14
CIBC Private Wealth Group
Georgia
$316K – – –
VanEck Associates
15
VanEck Associates
New York
$291K +$45.7K +5,663 +19%
M&T Bank
16
M&T Bank
New York
$287K – – –
B
17
Baird
Wisconsin
$248K +$107K +13,207 +79%
HCM
18
Hollencrest Capital Management
California
$230K – – –
YP
19
Yellowstone Partners
Idaho
$225K – – –
Cambridge Investment Research Advisors
20
Cambridge Investment Research Advisors
Iowa
$188K -$4.03K -500 -2%
Invesco
21
Invesco
Georgia
$183K -$136K -16,890 -43%
HK
22
Horizon Kinetics
New York
$158K – – –
Bank of America
23
Bank of America
North Carolina
$147K -$95K -11,780 -40%
OC
24
Oppenheimer & Co
New York
$144K -$532 -66 -0.4%
MHS
25
M Holdings Securities
Oregon
$124K +$16.1K +1,996 +15%
1
2

DSM Hedge Fund Activity: Q2 2014 in Review

40 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q2 2014, worth a combined $15.4M — up 1.5% from $15.1M a quarter earlier.

Buyers outnumbered sellers: 4 funds opened new DSM positions and 3 closed out — a net gain of 1 holder — while 8 added to existing stakes and 13 trimmed.

The largest buyer was UBS, adding an estimated $293K. The largest seller was Sit Investment Associates, cutting an estimated $441K.

  • 40 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q2 2014, up from 39 in Q1 2014.
  • Funds reported $15.4M of BNY Mellon Strategic Municipal Bond Fund stock for Q2 2014, up 1.5% quarter-over-quarter.
  • 4 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q2 2014 and 3 closed out, a net change of +1 holder.
  • The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q2 2014 was UBS, an estimated $293K added.
  • The largest BNY Mellon Strategic Municipal Bond Fund seller in Q2 2014 was Sit Investment Associates, an estimated $441K sold.

Based on aggregated 13F filings for Q2 2014.