BNY Mellon Strategic Municipal Bond Fund
DSM
65 hedge funds and large institutions have $40.4M invested in BNY Mellon Strategic Municipal Bond Fund in 2018 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 20 increasing their positions, 14 reducing their positions, and 6 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 14
12% more capital invested
Capital invested by funds: $36M → $40.4M (+$4.41M)
1.2% more ownership
Funds ownership: 9.77% → 10.98% (+1.2%)
2% less funds holding
Funds holding: 66 → 65 (-1)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$4.87M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$756K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$655K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$376K |
| 5 |
VanEck Associates
New York
|
+$338K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$722K |
| 2 |
MIAN
Mariner Independent Advisor Network
Overland Park,
Kansas
|
-$674K |
| 3 |
SG Americas Securities
New York
|
-$641K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$78K |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$58K |
DSM Hedge Fund Activity: Q2 2018 in Review
65 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q2 2018, worth a combined $40.4M — up 12% from $36M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of DSM and 5 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 20 added.
The largest buyer was Laurion Capital Management, adding an estimated $4.87M. The largest seller was Invesco, cutting an estimated $722K.
- 65 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q2 2018, down from 66 in Q1 2018.
- Funds reported $40.4M of BNY Mellon Strategic Municipal Bond Fund stock for Q2 2018, up 12% quarter-over-quarter.
- 5 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q2 2018 and 6 closed out, a net change of -1 holder.
- The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q2 2018 was Laurion Capital Management, an estimated $4.87M added.
- The largest BNY Mellon Strategic Municipal Bond Fund seller in Q2 2018 was Invesco, an estimated $722K sold.
Based on aggregated 13F filings for Q2 2018.