DWS Strategic Municipal Income Trust
KSM
KSM was delisted on the 13th of November, 2024.
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$2.13M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.27M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$241K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$112K |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$78.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wakefield Asset Management
Englewood,
Colorado
|
-$552K |
| 2 |
Invesco
Atlanta,
Georgia
|
-$361K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$292K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$236K |
| 5 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
-$170K |
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.