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DMF

BNY Mellon Municipal Income
DMF

Delisted

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

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45 hedge funds and large institutions have $86.8M invested in BNY Mellon Municipal Income in 2024 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 13 increasing their positions, 15 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

7% more capital invested

Capital invested by funds: $81M → $86.8M (+$5.75M)

3.24% more ownership

Funds ownership: 54.18% → 57.42% (+3.2%)

8% less funds holding

Funds holding: 49 → 45 (-4)

13% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 15

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

Holders
45
Holders Change
-4
Holders Change %
-8.16%
% of All Funds
0.65%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
4
Increased
13
Reduced
15
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$7.54M
2
SIA
Sit Investment Associates
Minnesota
+$5.58M
3
KIM
Karpus Investment Management
New York
+$3.59M
4
AC
Almitas Capital
California
+$3.48M
5
Bank of New York Mellon
Bank of New York Mellon
New York
+$257K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$8.15M
2
WA
Whitebox Advisors
Minnesota
-$1.51M
3
LSC
Logan Stone Capital
Illinois
-$1.11M
4
Bank of America
Bank of America
North Carolina
-$883K
5
FPCP
Fort Point Capital Partners
California
-$384K
Name Holding Trade Value Shares
Change 		Change in
Stake
HNB
26
Huntington National Bank
Ohio
$173K – – –
GCP
27
Gill Capital Partners
Colorado
$172K – – –
KAS
28
Kestra Advisory Services
Texas
$171K -$18.1K -2,488 -10%
CSC
29
Cove Street Capital
California
$163K +$163K +22,318 New
PMG
30
ProVise Management Group
Florida
$152K -$18.2K -2,500 -11%
PVM
31
Palogic Value Management
Texas
$146K – – –
EDRIA
32
Edmonds Duncan Registered Investment Advisors
Kansas
$144K – – –
Jones Financial Companies
33
Jones Financial Companies
Missouri
$113K +$113K +15,451 New
Wells Fargo
34
Wells Fargo
California
$95.3K +$34K +4,667 +56%
XT
35
XTX Topco
Cayman Islands
$90.1K +$15.9K +2,183 +22%
MCM
36
MAI Capital Management
Ohio
$87.5K – – –
FNT
37
First Nebraska Trust
Nebraska
$79.7K – – –
OC
38
Opinicus Capital
Florida
$73.3K – – –
AWM
39
Avior Wealth Management
Nebraska
$53.7K -$47.7K -6,552 -47%
BBPWM
40
Blue Bell Private Wealth Management
Pennsylvania
$50.3K -$76.3K -10,475 -60%
WAM
41
Wolverine Asset Management
Illinois
$20.5K +$20.4K +2,802 New
Bank of America
42
Bank of America
North Carolina
$16.6K -$883K -121,254 -98%
PA
43
Parallel Advisors
California
$10.5K – – –
Osaic Holdings
44
Osaic Holdings
Arizona
$6.6K – – –
TFGT
45
TS Financial Group (TSFG)
Illinois
$6K +$29 +4 +0.5%
FIA
46
FNY Investment Advisers
New York
$4K +$4.37K +600 New
WA
47
Whitebox Advisors
Minnesota
– -$1.51M -210,519 Closed
FPCP
48
Fort Point Capital Partners
California
– -$384K -53,364 Closed
Susquehanna International Group
49
Susquehanna International Group
Pennsylvania
– -$133K -18,540 Closed
EH
50
Equitable Holdings
New York
– -$83.2K -11,571 Closed
1
2
3

DMF Hedge Fund Activity: Q3 2024 in Review

45 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Municipal Income (DMF) for Q3 2024, worth a combined $86.8M — up 7.1% from $81M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of DMF and 4 opened new positions — a net loss of 2 holders — while 15 trimmed existing stakes and 13 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $7.54M. The largest seller was Saba Capital Management, cutting an estimated $8.15M.

  • 45 institutional investors held BNY Mellon Municipal Income (DMF) as of Q3 2024, down from 49 in Q2 2024.
  • Funds reported $86.8M of BNY Mellon Municipal Income stock for Q3 2024, up 7.1% quarter-over-quarter.
  • 4 funds opened new BNY Mellon Municipal Income positions in Q3 2024 and 6 closed out, a net change of -2 holders.
  • The largest BNY Mellon Municipal Income buyer in Q3 2024 was Rivernorth Capital Management, an estimated $7.54M added.
  • The largest BNY Mellon Municipal Income seller in Q3 2024 was Saba Capital Management, an estimated $8.15M sold.

Based on aggregated 13F filings for Q3 2024.