Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

BNY Mellon Strategic Mun Bd (DSM)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -1
Streak
1Q ▼
Buyers last Q
49%

Smart Money Signals — DSM

Based on 86 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their DSM 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 — 86% of 3.0Y peak

86% of all-time peak
86 funds currently hold this stock — 86% of the 3.0-year high of 100 funds (reached 2024 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 DSM is almost the same as a year ago (-3 funds, -3% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠

More sellers than buyers — 49% buying

36 buying37 selling
Last quarter: 37 funds reduced or exited vs 36 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~11 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 8 → 12 → 14 → 11. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

63% of holders stayed for 2+ years

■ 63% conviction (2yr+) ■ 20% medium ■ 17% new
54 out of 86 hedge funds have held DSM 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.
📈

Growing discovery — still being found

8 → 8 → 12 → 14 → 11 new funds/Q
New funds entering each quarter: 8 → 12 → 14 → 11. A growing number of institutions are discovering DSM each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 66% veterans vs 17% newcomers

■ 66% veterans ■ 16% 1-2yr ■ 17% new
Entry-cohort mix of 86 holders: 57 (66%) are 2+ year veterans, 14 entered 1–2 years ago, and 15 (17%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 8% AUM from top-100

8% from top-100 AUM funds
12 of 86 holders rank in the top 100 by AUM, but together hold only 8% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
2.8
out of 10
Low Exit Risk
Exit risk score 2.8/10 — 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 — DSM

In 2026 Q2, 36 hedge funds were net buyers of DSM (11 opened a new position, 25 added to an existing one), while 37 reduced or exited (25 trimmed, 12 sold completely) — a 49% buyer ratio, indicating roughly balanced activity. Net fund flow last quarter: -1 funds (more exits than new entries). Total institutional holders: 86.

Hedge Fund Ownership: DSM

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

Market Analysis: DSM

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: DSM

-- --

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

Loading signal freshness…
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
0.5
/ 10
conviction
Hedge Fund Positioning: DSM
86 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 86 87 -1.15%
13F Shares 26M 25M 1.91%
Total Value $142M $134M 5.94%
New Positions 11 14 -3
Increased Positions 25 21 +4
Closed Positions 12 10 +2
Reduced Positions 25 24 +1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: DSM

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

86 + investors

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

QUARTER:
Top 25 DSM holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Bulldog Investors, LLP 4.15% 3,065,475 $18.9M
2 Robinson Capital Management, LLC 1.27% 467,193 $2.9M
3 Almitas Capital LLC 1.12% 757,999 $4.7M
4 Saba Capital Management, L.P. 0.82% 5,179,441 $31.9M
5 Closed-End Fund Advisors, Inc. 0.60% 100,339 $617K
6 Rivernorth Capital Management, LLC 0.56% 1,920,587 $11.8M
7 Thomas J. Herzfeld Advisors, Inc. 0.37% 195,902 $1.2M
8 Hennion & Walsh Asset Management, Inc. 0.26% 1,476,212 $9.1M
9 PFS Partners, LLC 0.23% 93,163 $573K
10 Noble Wealth Management PBC 0.18% 65,733 $404K
11 Karpus Management, Inc. 0.17% 936,572 $5.8M
12 Palogic Value Management, L.P. 0.15% 72,032 $444K
13 Camelot Portfolios, LLC 0.13% 30,362 $187K
14 Melfa Wealth Management, INC. 0.13% 37,728 $232K
15 Integrated Capital Management, INC. 0.12% 27,796 $171K
16 Ackerman Capital Advisors, LLC 0.11% 91,598 $563K
17 Opal Wealth Advisors, LLC 0.09% 71,035 $437K
18 Fortitude Advisory Group L.L.C. 0.09% 38,762 $238K
19 1607 Capital Partners, LLC 0.09% 159,401 $980K
20 Blue Bell Private Wealth Management, LLC 0.08% 107,584 $662K
21 Ranch Capital Advisors Inc. 0.06% 29,295 $180K
22 Pathstone Holdings, LLC 0.05% 3,011,573 $18.5M
23 Novak & Powell Financial Services, Inc. 0.05% 18,502 $114K
24 Guggenheim Capital LLC 0.04% 1,089,623 $6.7M
25 Everstar Asset Management, LLC 0.04% 12,100 $74K
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 Strategic Mun Bd (DSM)

What does the Smart Money Trend signal show for DSM?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their DSM 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 DSM?

More sellers than buyers — 49% buying: Last quarter: 37 funds reduced or exited vs 36 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for DSM holders?

Smaller funds dominant — 8% AUM from top-100: 12 of 86 holders rank in the top 100 by AUM, but together hold only 8% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held DSM?

63% of holders stayed for 2+ years: 54 out of 86 hedge funds have held DSM 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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