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DSM

BNY Mellon Strategic Municipal Bond Fund
DSM

51 hedge funds and large institutions have $33.8M invested in BNY Mellon Strategic Municipal Bond Fund in 2016 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 13 increasing their positions, 17 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.63% less ownership

Funds ownership: 8.4% → 7.77% (-0.63%)

4% less funds holding

Funds holding: 53 → 51 (-2)

10% less capital invested

Capital invested by funds: $37.4M → $33.8M (-$3.63M)

24% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 17

25% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 4

Holders
51
Holders Change
-2
Holders Change %
-3.77%
% of All Funds
1.36%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
13
Reduced
17
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$1.57M
2
AWA
Arete Wealth Advisors
Illinois
+$460K
3
UBS Group
UBS Group
Switzerland
+$210K
4
VKH
Virtu KCG Holdings
New York
+$122K
5
Bank of America
Bank of America
North Carolina
+$68.3K

Top Sellers

Rank Fund Capital Flow
1
EDRIA
Edmonds Duncan Registered Investment Advisors
Kansas
-$1.75M
2
AG
Advisor Group
Arizona
-$1.36M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$886K
4
Morgan Stanley
Morgan Stanley
New York
-$262K
5
SMC
Smith, Moore & Co
Missouri
-$202K
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
1
Guggenheim Capital
Illinois
$5.08M +$1.57M +174,904 +44%
SIA
2
Sit Investment Associates
Minnesota
$4.25M +$22.4K +2,500 +0.5%
Fiera Capital (Canada)
3
Fiera Capital (Canada)
Quebec, Canada
$3.9M -$886K -99,009 -18%
AWA
4
Arete Wealth Advisors
Illinois
$2.36M +$460K +51,396 +24%
AAM
5
Advisors Asset Management
Colorado
$1.68M -$85.6K -9,557 -5%
N
6
Nuveen
North Carolina
$1.64M – – –
UBS Group
7
UBS Group
Switzerland
$1.46M +$210K +23,473 +17%
Baird Financial Group
8
Baird Financial Group
Wisconsin
$1.33M +$55.6K +6,210 +4%
Morgan Stanley
9
Morgan Stanley
New York
$1.13M -$262K -29,298 -19%
VanEck Associates
10
VanEck Associates
New York
$989K -$86.6K -9,673 -8%
Wells Fargo
11
Wells Fargo
California
$956K -$16.6K -1,854 -2%
PMG
12
ProVise Management Group
Florida
$918K +$20.1K +2,250 +2%
RJA
13
Raymond James & Associates
Florida
$790K -$4.25K -475 -0.5%
HighTower Advisors
14
HighTower Advisors
Illinois
$754K -$127K -14,195 -14%
LPL Financial
15
LPL Financial
California
$609K +$18.7K +2,091 +3%
Bank of America
16
Bank of America
North Carolina
$538K +$68.3K +7,626 +14%
CIA
17
Capital Investment Advisors
Georgia
$436K -$10.3K -1,145 -2%
MIAN
18
Mariner Independent Advisor Network
Kansas
$393K – – –
LWAC
19
Laurel Wealth Advisors (California)
California
$358K – – –
IAMOG
20
Investors Asset Management of Georgia
Georgia
$350K -$13.4K -1,500 -4%
M&T Bank
21
M&T Bank
New York
$307K – – –
EDRIA
22
Edmonds Duncan Registered Investment Advisors
Kansas
$302K -$1.75M -195,123 -84%
SMC
23
Smith, Moore & Co
Missouri
$282K -$202K -22,614 -41%
EFS
24
Essex Financial Services
Connecticut
$268K – – –
Fifth Third Bancorp
25
Fifth Third Bancorp
Ohio
$266K – – –
1
2 3

DSM Hedge Fund Activity: Q3 2016 in Review

51 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q3 2016, worth a combined $33.8M — down 9.7% from $37.4M a quarter earlier.

Sellers outnumbered buyers: 4 funds closed out of DSM and 3 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 13 added.

The largest buyer was Guggenheim Capital, adding an estimated $1.57M. The largest seller was Edmonds Duncan Registered Investment Advisors, cutting an estimated $1.75M.

  • 51 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q3 2016, down from 53 in Q2 2016.
  • Funds reported $33.8M of BNY Mellon Strategic Municipal Bond Fund stock for Q3 2016, down 9.7% quarter-over-quarter.
  • 3 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q3 2016 and 4 closed out, a net change of -1 holder.
  • The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q3 2016 was Guggenheim Capital, an estimated $1.57M added.
  • The largest BNY Mellon Strategic Municipal Bond Fund seller in Q3 2016 was Edmonds Duncan Registered Investment Advisors, an estimated $1.75M sold.

Based on aggregated 13F filings for Q3 2016.