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DMF

BNY Mellon Municipal Income
DMF

Delisted

DMF was delisted on the 17th of June, 2025.

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50 hedge funds and large institutions have $38.2M invested in BNY Mellon Municipal Income in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 7 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

186% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 7

19% more capital invested

Capital invested by funds: $32.2M → $38.2M (+$5.99M)

3.63% more ownership

Funds ownership: 24.75% → 28.38% (+3.6%)

4% less funds holding

Funds holding: 52 → 50 (-2)

25% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 8

Holders
50
Holders Change
-2
Holders Change %
-3.85%
% of All Funds
0.8%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
20
Reduced
7
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$2.44M
2
WP
Woodline Partners
California
+$1.21M
3
LSC
Logan Stone Capital
Illinois
+$326K
4
AC
Almitas Capital
California
+$315K
5
GC
Guggenheim Capital
Illinois
+$271K

Top Sellers

Rank Fund Capital Flow
1
MC
Moors & Cabot
Massachusetts
-$169K
2
VF
Virtu Financial
New York
-$144K
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$128K
4
LCM
Landscape Capital Management
New Jersey
-$105K
5
HWAM
Hennion & Walsh Asset Management
New Jersey
-$87.4K
Name Holding Trade Value Shares
Change 		Change in
Stake
GCP
26
Gill Capital Partners
Colorado
$153K – – –
Susquehanna International Group
27
Susquehanna International Group
Pennsylvania
$144K -$128K -20,007 -47%
PVM
28
Palogic Value Management
Texas
$130K – – –
EDRIA
29
Edmonds Duncan Registered Investment Advisors
Kansas
$128K – – –
FAIM
30
Financial Advocates Investment Management
Washington
$111K +$11K +1,717 +11%
RJA
31
Raymond James & Associates
Florida
$90.5K +$13.4K +2,096 +18%
CF
32
Centaurus Financial
California
$88K – – –
Thrivent Financial for Lutherans
33
Thrivent Financial for Lutherans
Minnesota
$87K +$77 +12 +0.1%
DLG
34
Daniel L. Goodwin
$85.4K – – –
MCM
35
MAI Capital Management
Ohio
$84.2K – – –
FNT
36
First Nebraska Trust
Nebraska
$77.2K – – –
EH
37
Equitable Holdings
New York
$72.4K +$71.5K +11,162 New
CBFP
38
Cedar Brook Financial Partners
Ohio
$67.2K – – –
CSA
39
Cottage Street Advisors
Massachusetts
$64.9K +$64.1K +10,000 New
CWP
40
Concord Wealth Partners
Virginia
$54.5K -$192 -30 -0.4%
AWM
41
Avior Wealth Management
Nebraska
$41K +$397 +62 +1%
JP Morgan Chase
42
JP Morgan Chase
New York
$25K +$24.9K +3,888 New
BFEC
43
Benjamin F. Edwards & Company
Missouri
$22K – – –
PNC Financial Services Group
44
PNC Financial Services Group
Pennsylvania
$18.1K – – –
AAS
45
Ameritas Advisory Services
Nebraska
$14.3K +$14.6K +2,280 New
LC
46
Lindbrook Capital
California
$9.73K +$9.61K +1,500 New
SPIA
47
Steward Partners Investment Advisory
New York
$9.72K – – –
PA
48
Parallel Advisors
California
$9.35K – – –
TFGT
49
TS Financial Group (TSFG)
Illinois
$5K +$45 +7 +0.9%
Royal Bank of Canada
50
Royal Bank of Canada
Ontario, Canada
$1K -$9.76K -1,524 -87%
1
2
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DMF Hedge Fund Activity: Q1 2023 in Review

50 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Municipal Income (DMF) for Q1 2023, worth a combined $38.2M — up 19% from $32.2M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of DMF and 6 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 20 added.

The largest buyer was Saba Capital Management, adding an estimated $2.44M. The largest seller was Moors & Cabot, exiting entirely with an estimated $169K sold.

  • 50 institutional investors held BNY Mellon Municipal Income (DMF) as of Q1 2023, down from 52 in Q4 2022.
  • Funds reported $38.2M of BNY Mellon Municipal Income stock for Q1 2023, up 19% quarter-over-quarter.
  • 6 funds opened new BNY Mellon Municipal Income positions in Q1 2023 and 8 closed out, a net change of -2 holders.
  • The largest BNY Mellon Municipal Income buyer in Q1 2023 was Saba Capital Management, an estimated $2.44M added.
  • The largest BNY Mellon Municipal Income seller in Q1 2023 was Moors & Cabot, an estimated $169K sold.

Based on aggregated 13F filings for Q1 2023.