Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

BNY Mellon High Yield Strate (DHF)

70 + Investors. Track Smart Money conviction in DHF. See who's accumulating, reducing, or initiating positions.

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -6
Streak
2Q ▼
Buyers last Q
59%

Smart Money Signals — DHF

Based on 71 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their DHF positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 91% of 3.0Y peak

91% of all-time peak
71 funds currently hold this stock — 91% of the 3.0-year high of 78 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding DHF is almost the same as a year ago (+2 funds, +3% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 59% buying

36 buying25 selling
Last quarter: 36 funds bought or added vs 25 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-8 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 7 → 16 → 12 → 4. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

62% of holders stayed for 2+ years

62% conviction (2yr+) 18% medium 20% new
44 out of 71 hedge funds have held DHF for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📊

Peak discovery — momentum slowing

13 → 7 → 16 → 12 → 4 new funds/Q
New funds entering each quarter: 7 → 16 → 12 → 4. DHF is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 72% veterans vs 24% newcomers

72% veterans 4% 1-2yr 24% new
Entry-cohort mix of 71 holders: 51 (72%) are 2+ year veterans, 3 entered 1–2 years ago, and 17 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 17% AUM from top-100

17% from top-100 AUM funds
8 of 70 holders rank in the top 100 by AUM, but together hold only 17% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.1
out of 10
Low Exit Risk
Exit risk score 3.1/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — DHF

In 2026 Q2, 36 hedge funds were net buyers of DHF (4 opened a new position, 32 added to an existing one), while 25 reduced or exited (15 trimmed, 10 sold completely) — a 59% buyer ratio, indicating a slight buying edge. Net selling has persisted for two consecutive quarters. Net fund flow last quarter: -6 funds (more exits than new entries). Total institutional holders: 71.

Hedge Fund Ownership: DHF

How many hedge funds hold DHF — quarterly history vs. share price
Quarterly hedge fund ownership of DHF vs. share price

Market Analysis: DHF

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: DHF

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

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Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

4 top-rated funds 0 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
0.1
/ 10
conviction
Hedge Fund Positioning: DHF
70 + Investors

Track Smart Money conviction in DHF. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 70 77 -9.09%
13F Shares 29M 26M 9.92%
Total Value $57M $51M 11.32%
New Positions 4 12 -8
Increased Positions 32 27 +5
Closed Positions 10 13 -3
Reduced Positions 15 20 -5
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: DHF

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Institutional Holders (2026 Q2)

70 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in DHF. Verified SEC 13F-HR filings.

QUARTER:
Top 25 DHF holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Bulldog Investors, LLP 0.58% 1,093,928 $2.6M
2 1607 Capital Partners, LLC 0.22% 1,064,793 $2.6M
3 Melfa Wealth Management, INC. 0.20% 151,410 $366K
4 Integrated Capital Management, INC. 0.13% 78,189 $189K
5 Hennion & Walsh Asset Management, Inc. 0.13% 1,872,844 $4.5M
6 Closed-End Fund Advisors, Inc. 0.11% 46,743 $113K
7 Pathstone Holdings, LLC 0.07% 9,983,466 $24.2M
8 Rivernorth Capital Management, LLC 0.07% 567,426 $1.4M
9 Almitas Capital LLC 0.05% 79,665 $193K
10 Advisors Asset Management, Inc. 0.04% 1,100,604 $2.7M
11 Carter Financial Group, INC. 0.03% 20,765 $50K
12 Shaker Financial Services, LLC 0.02% 29,535 $71K
13 Shulman DeMeo Asset Management LLC 0.02% 44,188 $107K
14 Garner Asset Management Corp 0.02% 23,682 $57K
15 Wolverine Asset Management LLC 0.01% 693,615 $1.7M
16 Dumont & Blake Investment Advisors LLC 0.01% 19,586 $47K
17 Fermata Advisors, LLC 0.01% 17,167 $42K
18 Capital Investment Advisors, LLC 0.01% 199,760 $483K
19 Levin Capital Strategies, L.P. 0.00% 30,000 $73K
20 Sentinel Pension Advisors, LLC 0.00% 13,927 $34K
21 Fiera Capital Corp 0.00% 490,716 $1.2M
22 Allspring Global Investments Holdings, LLC 0.00% 983,970 $2.4M
23 PFG Investments, LLC 0.00% 29,884 $72K
24 PFS Partners, LLC 0.00% 2,463 $6K
25 Advance Capital Management, Inc. 0.00% 30,000 $73K
Investor Ownership
History
% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — BNY Mellon High Yield Strate (DHF)

What does the Smart Money Trend signal show for DHF?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their DHF positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for DHF?

Slight buying edge — 59% buying: Last quarter: 36 funds bought or added vs 25 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for DHF holders?

Smaller funds dominant — 17% AUM from top-100: 8 of 70 holders rank in the top 100 by AUM, but together hold only 17% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held DHF?

62% of holders stayed for 2+ years: 44 out of 71 hedge funds have held DHF for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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