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DSM

BNY Mellon Strategic Municipal Bond Fund

92 hedge funds and large institutions have $93.8M invested in BNY Mellon Strategic Municipal Bond Fund in 2024 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 34 increasing their positions, 25 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

36% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 25

2% more capital invested

Capital invested by funds: $91.8M → $93.8M (+$2M)

0.13% less ownership

Funds ownership: 32.54%32.41% (-0.13%)

3% less funds holding

Funds holding: 9592 (-3)

23% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 13

Holders
92
Holders Change
-3
Holders Change %
-3.16%
% of All Funds
1.33%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
10
Increased
34
Reduced
25
Closed
13
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SCM
1
Saba Capital Management
New York
$18.1M +$3.24M +562,431 +22%
RCM
2
Rivernorth Capital Management
Florida
$8.72M +$987K +171,452 +13%
Pathstone Holdings
3
Pathstone Holdings
New Jersey
$8.09M -$38.1K -6,609 -0.5%
HWAM
4
Hennion & Walsh Asset Management
New Jersey
$6.14M +$1.56M +270,608 +35%
LSC
5
Logan Stone Capital
Illinois
$5.46M -$192K -33,292 -3%
GC
6
Guggenheim Capital
Illinois
$5.01M -$575K -99,884 -10%
Morgan Stanley
7
Morgan Stanley
New York
$3.6M -$3.49M -606,165 -50%
SIA
8
Sit Investment Associates
Minnesota
$3.09M +$249K +43,273 +9%
BI
9
Bulldog Investors
New Jersey
$2.78M +$29.9K +5,193 +1%
AA
10
AQR Arbitrage
Connecticut
$2.74M -$109K -18,886 -4%
VanEck Associates
11
VanEck Associates
New York
$2.51M +$302K +52,368 +14%
UBS Group
12
UBS Group
Switzerland
$2.45M -$24.4K -4,232 -1%
LPL Financial
13
LPL Financial
California
$2.42M -$160K -27,772 -6%
CIA
14
Capital Investment Advisors
Georgia
$1.84M +$66.8K +11,600 +4%
AC
15
Almitas Capital
California
$1.34M +$524K +91,012 +66%
Envestnet Asset Management
16
Envestnet Asset Management
Illinois
$1.27M -$6.79K -1,180 -0.5%
N
17
Nuveen
North Carolina
$1.24M
Wells Fargo
18
Wells Fargo
California
$1.02M +$61.8K +10,728 +7%
PAS
19
Park Avenue Securities
New York
$946K +$593 +103 +0.1%
RCM
20
Robinson Capital Management
Michigan
$930K +$945K +164,148 New
Osaic Holdings
21
Osaic Holdings
Arizona
$787K -$3.08M -535,293 -80%
LCM
22
Landscape Capital Management
New Jersey
$652K -$165K -28,694 -20%
RP
23
Riverbridge Partners
Minnesota
$592K -$11.4K -1,978 -2%
RJA
24
Raymond James & Associates
Florida
$583K -$9.13K -1,585 -2%
CRC
25
Curi RMB Capital
Illinois
$529K

DSM Hedge Fund Activity: Q1 2024 in Review

92 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q1 2024, worth a combined $93.8M — up 2.2% from $91.8M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of DSM and 10 opened new positions — a net loss of 3 holders — while 25 trimmed existing stakes and 34 added.

The largest buyer was Saba Capital Management, adding an estimated $3.24M. The largest seller was Morgan Stanley, cutting an estimated $3.49M.

  • 92 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q1 2024, down from 95 in Q4 2023.
  • Funds reported $93.8M of BNY Mellon Strategic Municipal Bond Fund stock for Q1 2024, up 2.2% quarter-over-quarter.
  • 10 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q1 2024 and 13 closed out, a net change of -3 holders.
  • The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q1 2024 was Saba Capital Management, an estimated $3.24M added.
  • The largest BNY Mellon Strategic Municipal Bond Fund seller in Q1 2024 was Morgan Stanley, an estimated $3.49M sold.

Based on aggregated 13F filings for Q1 2024.