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DSM

BNY Mellon Strategic Municipal Bond Fund
DSM

70 hedge funds and large institutions have $73.2M invested in BNY Mellon Strategic Municipal Bond Fund in 2018 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 20 increasing their positions, 16 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

125% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 4

81% more capital invested

Capital invested by funds: $40.4M → $73.2M (+$32.8M)

25% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 16

8% more funds holding

Funds holding: 65 → 70 (+5)

0.47% more ownership

Funds ownership: 10.98% → 11.44% (+0.47%)

Holders
70
Holders Change
+5
Holders Change %
+7.69%
% of All Funds
1.6%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
20
Reduced
16
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
+$2.53M
2
COLIM
City of London Investment Management
United Kingdom
+$693K
3
Ameriprise
Ameriprise
Minnesota
+$599K
4
LWAC
Laurel Wealth Advisors (California)
California
+$410K
5
DDPIC
Deroy & Devereaux Private Investment Counsel
Michigan
+$315K

Top Sellers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
-$3.48M
2
Invesco
Invesco
Georgia
-$818K
3
SG Americas Securities
SG Americas Securities
New York
-$326K
4
WAM
Wolverine Asset Management
Illinois
-$190K
5
Walleye Trading
Walleye Trading
New York
-$169K
Name Holding Trade Value Shares
Change 		Change in
Stake
Ameriprise
1
Ameriprise
Minnesota
$33.8M +$599K +79,587 +35%
RCM
2
Robinson Capital Management
Michigan
$7.01M +$2.53M +335,677 +54%
GC
3
Guggenheim Capital
Illinois
$4.39M +$254K +33,770 +6%
AWA
4
Arete Wealth Advisors
Illinois
$3.35M +$185K +24,632 +6%
Morgan Stanley
5
Morgan Stanley
New York
$3.02M -$65.3K -8,682 -2%
LCM
6
Laurion Capital Management
New York
$1.93M -$3.48M -462,176 -64%
UBS Group
7
UBS Group
Switzerland
$1.87M -$36.6K -4,866 -2%
N
8
Nuveen
North Carolina
$1.36M – – –
VanEck Associates
9
VanEck Associates
New York
$1.22M +$116K +15,433 +10%
WAM
10
Wolverine Asset Management
Illinois
$1.19M -$190K -25,264 -13%
RJA
11
Raymond James & Associates
Florida
$1.13M +$189K +25,057 +19%
LWAC
12
Laurel Wealth Advisors (California)
California
$798K +$410K +54,441 +100%
PMG
13
ProVise Management Group
Florida
$797K -$52.9K -7,025 -6%
WAM
14
Wakefield Asset Management
Colorado
$754K +$773K +102,762 New
Wells Fargo
15
Wells Fargo
California
$730K -$6.76K -899 -0.9%
Invesco
16
Invesco
Georgia
$713K -$818K -108,717 -53%
COLIM
17
City of London Investment Management
United Kingdom
$676K +$693K +92,101 New
LPL Financial
18
LPL Financial
California
$581K +$37K +4,921 +7%
CIA
19
Capital Investment Advisors
Georgia
$576K +$223K +29,575 +60%
Bank of America
20
Bank of America
North Carolina
$563K -$9.59K -1,275 -2%
LCM
21
Landscape Capital Management
New Jersey
$512K +$43.2K +5,740 +9%
LTFS
22
Ladenburg Thalmann Financial Services
Florida
$493K +$11.4K +1,510 +2%
CRC
23
Curi RMB Capital
Illinois
$321K -$20.9K -2,774 -6%
Janney Montgomery Scott
24
Janney Montgomery Scott
Pennsylvania
$310K +$80.5K +10,695 +34%
DDPIC
25
Deroy & Devereaux Private Investment Counsel
Michigan
$308K +$315K +41,925 New
1
2 3

DSM Hedge Fund Activity: Q3 2018 in Review

70 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q3 2018, worth a combined $73.2M — up 81% from $40.4M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new DSM positions and 4 closed out — a net gain of 5 holders — while 20 added to existing stakes and 16 trimmed.

The largest buyer was Robinson Capital Management, adding an estimated $2.53M. The largest seller was Laurion Capital Management, cutting an estimated $3.48M.

  • 70 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q3 2018, up from 65 in Q2 2018.
  • Funds reported $73.2M of BNY Mellon Strategic Municipal Bond Fund stock for Q3 2018, up 81% quarter-over-quarter.
  • 9 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q3 2018 and 4 closed out, a net change of +5 holders.
  • The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q3 2018 was Robinson Capital Management, an estimated $2.53M added.
  • The largest BNY Mellon Strategic Municipal Bond Fund seller in Q3 2018 was Laurion Capital Management, an estimated $3.48M sold.

Based on aggregated 13F filings for Q3 2018.