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KSM

DWS Strategic Municipal Income Trust
KSM

Delisted

KSM was delisted on the 13th of November, 2024.

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37 hedge funds and large institutions have $29.4M invested in DWS Strategic Municipal Income Trust in 2023 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 16 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

9% more capital invested

Capital invested by funds: $26.9M → $29.4M (+$2.51M)

3% less funds holding

Funds holding: 38 → 37 (-1)

25% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 4

44% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 16

Holders
37
Holders Change
-1
Holders Change %
-2.63%
% of All Funds
0.59%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
9
Reduced
16
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$2.13M
2
SIA
Sit Investment Associates
Minnesota
+$1.27M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$241K
4
UBS Group
UBS Group
Switzerland
+$112K
5
LSC
Logan Stone Capital
Illinois
+$78.3K

Top Sellers

Rank Fund Capital Flow
1
WAM
Wakefield Asset Management
Colorado
-$552K
2
Invesco
Invesco
Georgia
-$361K
3
WAM
Wolverine Asset Management
Illinois
-$292K
4
1CP
1607 Capital Partners
Virginia
-$236K
5
IAIM
International Assets Investment Management
Florida
-$170K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$129K – – –
Bank of America
27
Bank of America
North Carolina
$112K – – –
CP
28
Camelot Portfolios
Ohio
$103K +$5.2K +613 +5%
RIA
29
Realta Investment Advisors
Delaware
$102K – – –
LIG
30
Lokken Investment Group
Delaware
$93K – – –
Cetera Investment Advisers
31
Cetera Investment Advisers
Illinois
$88.3K -$7.27K -857 -8%
CWP
32
Concord Wealth Partners
Virginia
$17K – – –
CFGS
33
Concourse Financial Group Securities
Alabama
$16.1K -$31.7K -3,740 -66%
PMFA
34
Plante Moran Financial Advisors
Michigan
$11.4K – – –
GWSG
35
GPS Wealth Strategies Group
Colorado
$9.38K +$9.38K +1,106 New
JP Morgan Chase
36
JP Morgan Chase
New York
$5K +$4.75K +560 New
HI
37
Harbour Investments
Wisconsin
$2.51K – – –
WAM
38
Wakefield Asset Management
Colorado
– -$552K -67,578 Closed
WAM
39
Wolverine Asset Management
Illinois
– -$292K -35,791 Closed
IAIM
40
International Assets Investment Management
Florida
– -$170K -20,826 Closed
US Bancorp
41
US Bancorp
Minnesota
– -$39.3K -4,806 Closed
1
2

KSM Hedge Fund Activity: Q1 2023 in Review

37 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in DWS Strategic Municipal Income Trust (KSM) for Q1 2023, worth a combined $29.4M — up 9.3% from $26.9M a quarter earlier.

Sellers outnumbered buyers: 4 funds closed out of KSM and 3 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 9 added.

The largest buyer was Saba Capital Management, adding an estimated $2.13M. The largest seller was Wakefield Asset Management, exiting entirely with an estimated $552K sold.

  • 37 institutional investors held DWS Strategic Municipal Income Trust (KSM) as of Q1 2023, down from 38 in Q4 2022.
  • Funds reported $29.4M of DWS Strategic Municipal Income Trust stock for Q1 2023, up 9.3% quarter-over-quarter.
  • 3 funds opened new DWS Strategic Municipal Income Trust positions in Q1 2023 and 4 closed out, a net change of -1 holder.
  • The largest DWS Strategic Municipal Income Trust buyer in Q1 2023 was Saba Capital Management, an estimated $2.13M added.
  • The largest DWS Strategic Municipal Income Trust seller in Q1 2023 was Wakefield Asset Management, an estimated $552K sold.

Based on aggregated 13F filings for Q1 2023.