BNY Mellon Strategic Municipal Bond Fund
DSM
74 hedge funds and large institutions have $52M invested in BNY Mellon Strategic Municipal Bond Fund in 2020 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 22 increasing their positions, 18 reducing their positions, and 9 closing their positions.
33% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 9
22% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 18
20% more capital invested
Capital invested by funds: $43.3M → $52M (+$8.7M)
4% more funds holding
Funds holding: 71 → 74 (+3)
1.07% more ownership
Funds ownership: 9.55% → 10.63% (+1.1%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.19M |
| 2 |
LPL Financial
San Diego,
California
|
+$1.17M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$855K |
| 4 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
+$819K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$772K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nuveen
Charlotte,
North Carolina
|
-$1.5M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$531K |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$249K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$202K |
| 5 |
Morgan Stanley
New York
|
-$154K |
DSM Hedge Fund Activity: Q4 2020 in Review
74 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q4 2020, worth a combined $52M — up 20% from $43.3M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new DSM positions and 9 closed out — a net gain of 3 holders — while 22 added to existing stakes and 18 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $1.19M. The largest seller was Nuveen, exiting entirely with an estimated $1.5M sold.
- 74 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q4 2020, up from 71 in Q3 2020.
- Funds reported $52M of BNY Mellon Strategic Municipal Bond Fund stock for Q4 2020, up 20% quarter-over-quarter.
- 12 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q4 2020 and 9 closed out, a net change of +3 holders.
- The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q4 2020 was Rivernorth Capital Management, an estimated $1.19M added.
- The largest BNY Mellon Strategic Municipal Bond Fund seller in Q4 2020 was Nuveen, an estimated $1.5M sold.
Based on aggregated 13F filings for Q4 2020.