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DSM

BNY Mellon Strategic Municipal Bond Fund
DSM

46 hedge funds and large institutions have $25.7M invested in BNY Mellon Strategic Municipal Bond Fund in 2015 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 9 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 9

15% more capital invested

Capital invested by funds: $22.4M → $25.7M (+$3.31M)

0.71% more ownership

Funds ownership: 5.75% → 6.47% (+0.71%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

8% less funds holding

Funds holding: 50 → 46 (-4)

33% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 9

Holders
46
Holders Change
-4
Holders Change %
-8%
% of All Funds
1.23%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
6
Increased
21
Reduced
9
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LSA
Liberty Street Advisors
New York
+$1.38M
2
SIA
Sit Investment Associates
Minnesota
+$1.3M
3
AIG
American International Group
New York
+$491K
4
AWA
Arete Wealth Advisors
Illinois
+$228K
5
CRC
Curi RMB Capital
Illinois
+$197K

Top Sellers

Rank Fund Capital Flow
1
MIG
Mariner Investment Group
New York
-$565K
2
SG Americas Securities
SG Americas Securities
New York
-$228K
3
VKH
Virtu KCG Holdings
New York
-$171K
4
Bank of America
Bank of America
North Carolina
-$168K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$156K
Name Holding Trade Value Shares
Change 		Change in
Stake
SIA
1
Sit Investment Associates
Minnesota
$3.92M +$1.3M +160,727 +50%
Morgan Stanley
2
Morgan Stanley
New York
$2.54M +$150K +18,511 +6%
NCM
3
Newgate Capital Management
Connecticut
$2.07M +$80.7K +9,991 +4%
AIG
4
American International Group
New York
$2.03M +$491K +60,750 +32%
LSA
5
Liberty Street Advisors
New York
$1.95M +$1.38M +170,258 +242%
N
6
Nuveen
North Carolina
$1.76M – – –
Wells Fargo
7
Wells Fargo
California
$1.03M +$8.09K +1,001 +0.8%
AWA
8
Arete Wealth Advisors
Illinois
$924K +$228K +28,256 +33%
RJA
9
Raymond James & Associates
Florida
$855K -$61.2K -7,573 -7%
HighTower Advisors
10
HighTower Advisors
Illinois
$719K -$10K -1,242 -1%
LPL Financial
11
LPL Financial
California
$696K +$53.1K +6,570 +8%
PMG
12
ProVise Management Group
Florida
$626K +$48.9K +6,050 +8%
UBS Group
13
UBS Group
Switzerland
$574K +$70.5K +8,725 +14%
VanEck Associates
14
VanEck Associates
New York
$462K +$128K +15,901 +39%
WAM
15
Wolverine Asset Management
Illinois
$441K +$2.85K +353 +0.7%
IAMOG
16
Investors Asset Management of Georgia
Georgia
$392K – – –
Bank of America
17
Bank of America
North Carolina
$388K -$168K -20,778 -30%
EFS
18
Essex Financial Services
Connecticut
$346K -$20.2K -2,500 -6%
CIA
19
Capital Investment Advisors
Georgia
$341K – – –
B
20
Baird
Wisconsin
$305K -$44.7K -5,532 -13%
SWP
21
Stratos Wealth Partners
Ohio
$291K – – –
M&T Bank
22
M&T Bank
New York
$280K – – –
ACM
23
Aviance Capital Management
Florida
$240K +$3.66K +453 +2%
Cambridge Investment Research Advisors
24
Cambridge Investment Research Advisors
Iowa
$232K +$17.9K +2,211 +8%
HCM
25
Hollencrest Capital Management
California
$224K – – –
1
2 3

DSM Hedge Fund Activity: Q1 2015 in Review

46 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q1 2015, worth a combined $25.7M — up 15% from $22.4M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of DSM and 6 opened new positions — a net loss of 3 holders — while 9 trimmed existing stakes and 21 added.

The largest buyer was Liberty Street Advisors, adding an estimated $1.38M. The largest seller was Mariner Investment Group, exiting entirely with an estimated $565K sold.

  • 46 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q1 2015, down from 50 in Q4 2014.
  • Funds reported $25.7M of BNY Mellon Strategic Municipal Bond Fund stock for Q1 2015, up 15% quarter-over-quarter.
  • 6 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q1 2015 and 9 closed out, a net change of -3 holders.
  • The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q1 2015 was Liberty Street Advisors, an estimated $1.38M added.
  • The largest BNY Mellon Strategic Municipal Bond Fund seller in Q1 2015 was Mariner Investment Group, an estimated $565K sold.

Based on aggregated 13F filings for Q1 2015.