Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

BNY Mellon Strategic Mun Bd (DSM)

87 + 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
↑ +4
Streak
1Q ▲
Buyers last Q
51%

Smart Money Signals — DSM

Based on 87 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added DSM than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
📊

High ownership — 88% of 3.0Y peak

88% of all-time peak
87 funds currently hold this stock — 88% of the 3.0-year high of 99 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 5% fewer funds vs a year ago

fund count last 6Q
5 fewer hedge funds hold DSM compared to a year ago (-5% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 51% buying

35 buying34 selling
Last quarter: 35 funds bought or added vs 34 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.
➡️

Steady new buyers — ~14 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 7 → 8 → 12 → 14. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 29% medium ■ 13% new
51 out of 87 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.
💎

Buying through price weakness — shares +7%, value -8%

Value
-8%
Shares
+7%
Last quarter: funds added +7% more shares while total portfolio value only changed -8%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

7 → 7 → 8 → 12 → 14 new funds/Q
New funds entering each quarter: 7 → 8 → 12 → 14. A growing number of institutions are discovering DSM each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 64% veterans vs 22% newcomers

■ 64% veterans ■ 14% 1-2yr ■ 22% new
Entry-cohort mix of 87 holders: 56 (64%) are 2+ year veterans, 12 entered 1–2 years ago, and 19 (22%) 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 87 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.
2.7
out of 10
Low Exit Risk
Exit risk score 2.7/10 — 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 Q1, 35 hedge funds were net buyers of DSM (14 opened a new position, 21 added to an existing one), while 34 reduced or exited (24 trimmed, 10 sold completely) — a 51% buyer ratio, indicating a slight buying edge. Net fund flow last quarter: +4 funds (more new holders than closures). Total institutional holders: 87.

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.

Is It Too Late to Buy BNY Mellon Strategic Mun Bd (DSM) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much DSM has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 84d ago
DSM
+2.0%
XLF
+8.8%

DSM outperformed XLF by -6.8% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 39d ago
DSM
+1.8%
XLF
+5.1%

Since the filing became public, DSM outperformed XLF by -3.3% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

7 top-rated funds 0 high-conviction
Consensus
3.9
/ 10
breadth
×
Elite
0.6
/ 10
conviction
Hedge Fund Positioning: DSM
87 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 87 83 4.82%
13F Shares 25M 24M 7.0%
Total Value $134M $146M -8.06%
New Positions 14 12 +2
Increased Positions 21 26 -5
Closed Positions 10 16 -6
Reduced Positions 24 20 +4
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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PEG Ratio (5yr expected) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Profit Margin --
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Institutional Holders (2026 Q1)

87 + 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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Bulldog Investors, LLP 4.56% 3,373,942 $20.3M
2 Almitas Capital LLC 1.26% 926,301 $5.6M
3 Robinson Capital Management, LLC 1.08% 425,476 $2.6M
4 Saba Capital Management, L.P. 0.86% 5,179,441 $31.1M
5 Closed-End Fund Advisors, Inc. 0.61% 100,339 $603K
6 Rivernorth Capital Management, LLC 0.50% 1,660,357 $10.0M
7 Thomas J. Herzfeld Advisors, Inc. 0.34% 164,932 $991K
8 PFS Partners, LLC 0.25% 91,921 $552K
9 Noble Wealth Management PBC 0.19% 61,333 $369K
10 Palogic Value Management, L.P. 0.18% 72,032 $429K
11 Karpus Management, Inc. 0.18% 940,172 $5.7M
12 Hennion & Walsh Asset Management, Inc. 0.16% 786,368 $4.7M
13 Camelot Portfolios, LLC 0.16% 35,699 $215K
14 Melfa Wealth Management, INC. 0.15% 44,111 $265K
15 Ackerman Capital Advisors, LLC 0.15% 118,997 $715K
16 Traub Capital Management LLC 0.14% 24,031 $144K
17 Integrated Capital Management, INC. 0.13% 33,251 $200K
18 Catalina Capital Group, LLC 0.13% 36,500 $219K
19 Fortitude Advisory Group L.L.C. 0.10% 38,762 $233K
20 Opal Wealth Advisors, LLC 0.09% 69,464 $417K
21 Blue Bell Private Wealth Management, LLC 0.09% 109,101 $656K
22 Pathstone Holdings, LLC 0.08% 3,198,230 $19.2M
23 1607 Capital Partners, LLC 0.07% 159,401 $958K
24 Ranch Capital Advisors Inc. 0.06% 29,222 $176K
25 Novak & Powell Financial Services, Inc. 0.06% 18,255 $110K
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?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added DSM than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for DSM?

Slight buying edge — 51% buying: Last quarter: 35 funds bought or added vs 34 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 DSM holders?

Smaller funds dominant — 8% AUM from top-100: 12 of 87 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?

59% of holders stayed for 2+ years: 51 out of 87 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.

Is it too late to buy BNY Mellon Strategic Mun Bd (DSM) following the 2026 Q1 hedge fund 13F filings?

As of today, DSM has moved +1.8% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.1% for the XLF sector ETF — an outperformance of -3.3%. Since the quarter end (March 31, 2026), DSM has gained +2.0% vs +8.8% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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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