BNY Mellon Strategic Municipal Bond Fund
DSM
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, 35 increasing their positions, 24 reducing their positions, and 13 closing their positions.
46% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 24
6% more capital invested
Capital invested by funds: $88.3M → $93.8M (+$5.49M)
1.1% more ownership
Funds ownership: 31.31% → 32.41% (+1.1%)
3% less funds holding
Funds holding: 95 → 92 (-3)
23% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$3.24M |
| 2 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$1.56M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$987K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$945K |
| 5 |
AC
Almitas Capital
Santa Monica,
California
|
+$524K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$3.08M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$575K |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$301K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$279K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$277K |
DSM Hedge Fund Activity: Q1 2024 in Review
92 of the 6,958 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 6.2% from $88.3M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of DSM and 10 opened new positions — a net loss of 3 holders — while 24 trimmed existing stakes and 35 added.
The largest buyer was Saba Capital Management, adding an estimated $3.24M. The largest seller was Osaic Holdings, cutting an estimated $3.08M.
- 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 6.2% 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 Osaic Holdings, an estimated $3.08M sold.
Based on aggregated 13F filings for Q1 2024.