BNY Mellon Strategic Municipal Bond Fund
DSM
66 hedge funds and large institutions have $36M invested in BNY Mellon Strategic Municipal Bond Fund in 2018 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 19 increasing their positions, 17 reducing their positions, and 5 closing their positions.
180% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 5
17% more capital invested
Capital invested by funds: $30.8M → $36M (+$5.15M)
14% more funds holding
Funds holding: 58 → 66 (+8)
12% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 17
2.27% more ownership
Funds ownership: 7.5% → 9.77% (+2.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$4.21M |
| 2 |
Morgan Stanley
New York
|
+$1.81M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.09M |
| 4 |
SG Americas Securities
New York
|
+$1.01M |
| 5 |
LCM
Laurion Capital Management
New York
|
+$636K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.57M |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$1M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$296K |
| 4 |
SPIA
Steward Partners Investment Advisory
New York
|
-$120K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$115K |
DSM Hedge Fund Activity: Q1 2018 in Review
66 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q1 2018, worth a combined $36M — up 17% from $30.8M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new DSM positions and 5 closed out — a net gain of 9 holders — while 19 added to existing stakes and 17 trimmed.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $4.21M. The largest seller was Sit Investment Associates, cutting an estimated $1.57M.
- 66 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q1 2018, up from 58 in Q4 2017.
- Funds reported $36M of BNY Mellon Strategic Municipal Bond Fund stock for Q1 2018, up 17% quarter-over-quarter.
- 14 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q1 2018 and 5 closed out, a net change of +9 holders.
- The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q1 2018 was Robinson Capital Management, an estimated $4.21M added.
- The largest BNY Mellon Strategic Municipal Bond Fund seller in Q1 2018 was Sit Investment Associates, an estimated $1.57M sold.
Based on aggregated 13F filings for Q1 2018.