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DSM

BNY Mellon Strategic Municipal Bond Fund
DSM

58 hedge funds and large institutions have $30.8M invested in BNY Mellon Strategic Municipal Bond Fund in 2017 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 18 increasing their positions, 8 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

125% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 8

83% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 6

9% more funds holding

Funds holding: 53 → 58 (+5)

0.19% less ownership

Funds ownership: 7.69% → 7.5% (-0.19%)

3% less capital invested

Capital invested by funds: $31.9M → $30.8M (-$1.05M)

Holders
58
Holders Change
+5
Holders Change %
+9.43%
% of All Funds
1.32%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
18
Reduced
8
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$551K
2
EFS
Essex Financial Services
Connecticut
+$262K
3
AWA
Arete Wealth Advisors
Illinois
+$248K
4
Morgan Stanley
Morgan Stanley
New York
+$219K
5
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$159K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$2.31M
2
NPC
National Planning Corporation
California
-$260K
3
DA
Doliver Advisors
Texas
-$143K
4
LCM
Laurion Capital Management
New York
-$124K
5
Invesco
Invesco
Georgia
-$57.9K
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
1
Guggenheim Capital
Illinois
$3.94M -$2.31M -273,443 -37%
Invesco
2
Invesco
Georgia
$2.9M -$57.9K -6,843 -2%
AWA
3
Arete Wealth Advisors
Illinois
$2.76M +$248K +29,327 +10%
UBS Group
4
UBS Group
Switzerland
$2.06M +$4.69K +554 +0.2%
SIA
5
Sit Investment Associates
Minnesota
$2.02M – – –
Ameriprise
6
Ameriprise
Minnesota
$1.66M +$3.36K +397 +0.2%
N
7
Nuveen
North Carolina
$1.58M – – –
Morgan Stanley
8
Morgan Stanley
New York
$1.48M +$219K +25,930 +18%
RJA
9
Raymond James & Associates
Florida
$1.24M +$48.3K +5,708 +4%
PMG
10
ProVise Management Group
Florida
$1.05M +$846 +100 +0.1%
Baird Financial Group
11
Baird Financial Group
Wisconsin
$1M +$59 +7 +0%
Wells Fargo
12
Wells Fargo
California
$924K +$40.1K +4,740 +5%
VanEck Associates
13
VanEck Associates
New York
$782K +$27.4K +3,236 +4%
Bank of America
14
Bank of America
North Carolina
$661K +$60.6K +7,166 +10%
LPL Financial
15
LPL Financial
California
$557K +$551K +65,150 New
LTFS
16
Ladenburg Thalmann Financial Services
Florida
$461K +$12.6K +1,485 +3%
LWAC
17
Laurel Wealth Advisors (California)
California
$396K +$6.53K +771 +2%
CIA
18
Capital Investment Advisors
Georgia
$391K – – –
MIAN
19
Mariner Independent Advisor Network
Kansas
$379K – – –
M&T Bank
20
M&T Bank
New York
$296K – – –
IAMOG
21
Investors Asset Management of Georgia
Georgia
$286K – – –
YP
22
Yellowstone Partners
Idaho
$284K – – –
EFS
23
Essex Financial Services
Connecticut
$265K +$262K +31,017 New
SWM
24
SeaCrest Wealth Management
New York
$244K +$242K +28,596 New
HCM
25
Hollencrest Capital Management
California
$237K – – –
1
2 3

DSM Hedge Fund Activity: Q4 2017 in Review

58 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q4 2017, worth a combined $30.8M — down 3.3% from $31.9M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new DSM positions and 6 closed out — a net gain of 5 holders — while 18 added to existing stakes and 8 trimmed.

The largest buyer was LPL Financial, opening a new position worth an estimated $551K. The largest seller was Guggenheim Capital, cutting an estimated $2.31M.

  • 58 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q4 2017, up from 53 in Q3 2017.
  • Funds reported $30.8M of BNY Mellon Strategic Municipal Bond Fund stock for Q4 2017, down 3.3% quarter-over-quarter.
  • 11 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q4 2017 and 6 closed out, a net change of +5 holders.
  • The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q4 2017 was LPL Financial, an estimated $551K added.
  • The largest BNY Mellon Strategic Municipal Bond Fund seller in Q4 2017 was Guggenheim Capital, an estimated $2.31M sold.

Based on aggregated 13F filings for Q4 2017.