DWS Strategic Municipal Income Trust
KSM
KSM was delisted on the 13th of November, 2024.
37 hedge funds and large institutions have $40.7M invested in DWS Strategic Municipal Income Trust in 2023 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 13 reducing their positions, and 7 closing their positions.
27% more capital invested
Capital invested by funds: $31.9M → $40.7M (+$8.73M)
8% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 13
3% less funds holding
Funds holding: 38 → 37 (-1)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.07M |
| 2 |
SCM
Saba Capital Management
New York
|
+$2.83M |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$1.09M |
| 4 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$222K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$153K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.8M |
| 2 |
WP
Woodline Partners
San Francisco,
California
|
-$878K |
| 3 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$545K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$305K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$161K |
KSM Hedge Fund Activity: Q4 2023 in Review
37 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in DWS Strategic Municipal Income Trust (KSM) for Q4 2023, worth a combined $40.7M — up 27% from $31.9M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of KSM and 6 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 12 added.
The largest buyer was Sit Investment Associates, adding an estimated $3.07M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $1.8M sold.
- 37 institutional investors held DWS Strategic Municipal Income Trust (KSM) as of Q4 2023, down from 38 in Q3 2023.
- Funds reported $40.7M of DWS Strategic Municipal Income Trust stock for Q4 2023, up 27% quarter-over-quarter.
- 6 funds opened new DWS Strategic Municipal Income Trust positions in Q4 2023 and 7 closed out, a net change of -1 holder.
- The largest DWS Strategic Municipal Income Trust buyer in Q4 2023 was Sit Investment Associates, an estimated $3.07M added.
- The largest DWS Strategic Municipal Income Trust seller in Q4 2023 was Robinson Capital Management, an estimated $1.8M sold.
Based on aggregated 13F filings for Q4 2023.