BNY Mellon Strategic Municipal Bond Fund
DSM
64 hedge funds and large institutions have $32.1M invested in BNY Mellon Strategic Municipal Bond Fund in 2019 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 21 increasing their positions, 14 reducing their positions, and 10 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 14
4.17% less ownership
Funds ownership: 10.68% → 6.51% (-4.2%)
4% less funds holding
Funds holding: 67 → 64 (-3)
21% less capital invested
Capital invested by funds: $40.7M → $32.1M (-$8.59M)
30% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WS
Wedbush Securities
Los Angeles,
California
|
+$555K |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$279K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$271K |
| 4 |
Morgan Stanley
New York
|
+$193K |
| 5 |
GWM
Geneos Wealth Management
Englewood,
Colorado
|
+$171K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$6.04M |
| 2 |
VF
Virtu Financial
New York
|
-$2.26M |
| 3 |
WAM
Wakefield Asset Management
Englewood,
Colorado
|
-$1.64M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$320K |
| 5 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
-$283K |
DSM Hedge Fund Activity: Q2 2019 in Review
64 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q2 2019, worth a combined $32.1M — down 21% from $40.7M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of DSM and 7 opened new positions — a net loss of 3 holders — while 14 trimmed existing stakes and 21 added.
The largest buyer was Wedbush Securities, opening a new position worth an estimated $555K. The largest seller was Robinson Capital Management, cutting an estimated $6.04M.
- 64 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q2 2019, down from 67 in Q1 2019.
- Funds reported $32.1M of BNY Mellon Strategic Municipal Bond Fund stock for Q2 2019, down 21% quarter-over-quarter.
- 7 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q2 2019 and 10 closed out, a net change of -3 holders.
- The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q2 2019 was Wedbush Securities, an estimated $555K added.
- The largest BNY Mellon Strategic Municipal Bond Fund seller in Q2 2019 was Robinson Capital Management, an estimated $6.04M sold.
Based on aggregated 13F filings for Q2 2019.