BNY Mellon Strategic Municipal Bond Fund
DSM
92 hedge funds and large institutions have $132M invested in BNY Mellon Strategic Municipal Bond Fund in 2025 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 28 increasing their positions, 27 reducing their positions, and 11 closing their positions.
2.69% more ownership
Funds ownership: 44.89% → 47.58% (+2.7%)
4% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 27
3% less funds holding
Funds holding: 95 → 92 (-3)
15% less capital invested
Capital invested by funds: $156M → $132M (-$24M)
18% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 11
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$5.06M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.66M |
| 3 |
Pathstone Holdings
Englewood,
New Jersey
|
+$2.07M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.91M |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$1.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
-$2.12M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$1.19M |
| 3 |
Nuveen
Charlotte,
North Carolina
|
-$1.08M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$967K |
| 5 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$518K |
DSM Hedge Fund Activity: Q2 2025 in Review
92 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q2 2025, worth a combined $132M — down 15% from $156M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of DSM and 9 opened new positions — a net loss of 2 holders — while 27 trimmed existing stakes and 28 added.
The largest buyer was Saba Capital Management, adding an estimated $5.06M. The largest seller was Whitebox Advisors, cutting an estimated $2.12M.
- 92 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q2 2025, down from 95 in Q1 2025.
- Funds reported $132M of BNY Mellon Strategic Municipal Bond Fund stock for Q2 2025, down 15% quarter-over-quarter.
- 9 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q2 2025 and 11 closed out, a net change of -2 holders.
- The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q2 2025 was Saba Capital Management, an estimated $5.06M added.
- The largest BNY Mellon Strategic Municipal Bond Fund seller in Q2 2025 was Whitebox Advisors, an estimated $2.12M sold.
Based on aggregated 13F filings for Q2 2025.