BNY Mellon Strategic Municipal Bond Fund
DSM
90 hedge funds and large institutions have $70.9M invested in BNY Mellon Strategic Municipal Bond Fund in 2023 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 27 increasing their positions, 26 reducing their positions, and 9 closing their positions.
307% more capital inflows, than outflows
Capital inflows: $19.4M | Capital outflows: $4.77M
33% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 9
5.4% more ownership
Funds ownership: 23.47% → 28.87% (+5.4%)
3% more funds holding
Funds holding: 87 → 90 (+3)
4% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Saba Capital Management
New York
|
+$4.03M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
+$3.32M |
| 3 |
Morgan Stanley
New York
|
+$1.84M |
| 4 |
Advisor Partners II
Walnut Creek,
California
|
+$1.78M |
| 5 |
Bulldog Investors
Saddle Brook,
New Jersey
|
+$1.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Woodline Partners
San Francisco,
California
|
-$1.47M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$878K |
| 3 |
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$379K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$376K |
| 5 |
Guggenheim Capital
Chicago,
Illinois
|
-$202K |
DSM Hedge Fund Activity: Q3 2023 in Review
90 of the 6,316 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q3 2023, worth a combined $70.9M — up 7.3% from $66.1M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new DSM positions and 9 closed out — a net gain of 3 holders — while 27 added to existing stakes and 26 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $4.03M. The largest seller was Woodline Partners, cutting an estimated $1.47M.
- 90 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q3 2023, up from 87 in Q2 2023.
- Funds reported $70.9M of BNY Mellon Strategic Municipal Bond Fund stock for Q3 2023, up 7.3% quarter-over-quarter.
- 12 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q3 2023 and 9 closed out, a net change of +3 holders.
- The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q3 2023 was Saba Capital Management, an estimated $4.03M added.
- The largest BNY Mellon Strategic Municipal Bond Fund seller in Q3 2023 was Woodline Partners, an estimated $1.47M sold.
Based on aggregated 13F filings for Q3 2023.