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DSM

BNY Mellon Strategic Municipal Bond Fund

97 hedge funds and large institutions have $107M invested in BNY Mellon Strategic Municipal Bond Fund in 2024 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 29 increasing their positions, 24 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

86% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 7

21% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 24

15% more capital invested

Capital invested by funds: $93.8M → $107M (+$13.6M)

5% more funds holding

Funds holding: 9297 (+5)

4.2% more ownership

Funds ownership: 32.41%36.61% (+4.2%)

Holders
97
Holders Change
+5
Holders Change %
+5.43%
% of All Funds
1.4%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
13
Increased
29
Reduced
24
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SCM
1
Saba Capital Management
New York
$24.1M +$5.64M +984,372 +32%
Pathstone Holdings
2
Pathstone Holdings
New Jersey
$10.2M +$1.91M +332,752 +24%
RCM
3
Rivernorth Capital Management
Florida
$8.71M -$126K -21,911 -1%
HWAM
4
Hennion & Walsh Asset Management
New Jersey
$6.9M +$652K +113,782 +11%
LSC
5
Logan Stone Capital
Illinois
$4.34M -$1.15M -200,783 -22%
GC
6
Guggenheim Capital
Illinois
$4.31M -$744K -129,893 -15%
Morgan Stanley
7
Morgan Stanley
New York
$3.92M +$259K +45,248 +7%
LPL Financial
8
LPL Financial
California
$3.91M +$1.41M +245,517 +60%
SIA
9
Sit Investment Associates
Minnesota
$3.4M +$260K +45,457 +9%
AC
10
Almitas Capital
California
$3.32M +$1.89M +330,189 +144%
BI
11
Bulldog Investors
New Jersey
$2.82M
UBS Group
12
UBS Group
Switzerland
$2.51M +$33.4K +5,829 +1%
AA
13
AQR Arbitrage
Connecticut
$2.47M -$297K -51,843 -11%
VanEck Associates
14
VanEck Associates
New York
$2.43M -$118K -20,551 -5%
Wells Fargo
15
Wells Fargo
California
$2.37M +$1.3M +226,351 +131%
CIA
16
Capital Investment Advisors
Georgia
$1.85M -$22.3K -3,900 -1%
N
17
Nuveen
North Carolina
$1.28M +$23.5K +4,100 +2%
Envestnet Asset Management
18
Envestnet Asset Management
Illinois
$1.02M -$256K -44,717 -21%
WA
19
Whitebox Advisors
Minnesota
$985K +$950K +165,808 New
RCM
20
Robinson Capital Management
Michigan
$965K
PAS
21
Park Avenue Securities
New York
$945K -$13K -2,272 -1%
RP
22
Riverbridge Partners
Minnesota
$604K +$3.58K +624 +0.6%
ACA
23
Ackerman Capital Advisors
Texas
$586K +$115K +20,001 +25%
TJHA
24
Thomas J. Herzfeld Advisors
Florida
$585K +$239K +41,758 +74%
CRC
25
Curi RMB Capital
Illinois
$536K

DSM Hedge Fund Activity: Q2 2024 in Review

97 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q2 2024, worth a combined $107M — up 15% from $93.8M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new DSM positions and 7 closed out — a net gain of 6 holders — while 29 added to existing stakes and 24 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $5.64M. The largest seller was Logan Stone Capital, cutting an estimated $1.15M.

  • 97 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q2 2024, up from 92 in Q1 2024.
  • Funds reported $107M of BNY Mellon Strategic Municipal Bond Fund stock for Q2 2024, up 15% quarter-over-quarter.
  • 13 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q2 2024 and 7 closed out, a net change of +6 holders.
  • The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q2 2024 was Saba Capital Management, an estimated $5.64M added.
  • The largest BNY Mellon Strategic Municipal Bond Fund seller in Q2 2024 was Logan Stone Capital, an estimated $1.15M sold.

Based on aggregated 13F filings for Q2 2024.