BNY Mellon Strategic Municipal Bond Fund
DSM
65 hedge funds and large institutions have $42.9M invested in BNY Mellon Strategic Municipal Bond Fund in 2020 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 13 reducing their positions, and 11 closing their positions.
54% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 13
10% more capital invested
Capital invested by funds: $38.8M → $42.9M (+$4.06M)
0.8% more ownership
Funds ownership: 8.71% → 9.51% (+0.8%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
10% less funds holding
Funds holding: 72 → 65 (-7)
64% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.56M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.21M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$705K |
| 4 |
PAS
Park Avenue Securities
New York
|
+$570K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$468K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$768K |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$613K |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$445K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$440K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$290K |
DSM Hedge Fund Activity: Q2 2020 in Review
65 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q2 2020, worth a combined $42.9M — up 10% from $38.8M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of DSM and 4 opened new positions — a net loss of 7 holders — while 13 trimmed existing stakes and 20 added.
The largest buyer was Sit Investment Associates, adding an estimated $2.56M. The largest seller was Guggenheim Capital, cutting an estimated $768K.
- 65 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q2 2020, down from 72 in Q1 2020.
- Funds reported $42.9M of BNY Mellon Strategic Municipal Bond Fund stock for Q2 2020, up 10% quarter-over-quarter.
- 4 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q2 2020 and 11 closed out, a net change of -7 holders.
- The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q2 2020 was Sit Investment Associates, an estimated $2.56M added.
- The largest BNY Mellon Strategic Municipal Bond Fund seller in Q2 2020 was Guggenheim Capital, an estimated $768K sold.
Based on aggregated 13F filings for Q2 2020.