BNY Mellon Municipal Income
DMF
DMF was delisted on the 17th of June, 2025.
40 hedge funds and large institutions have $88.6M invested in BNY Mellon Municipal Income in 2024 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 10 increasing their positions, 16 reducing their positions, and 10 closing their positions.
2.61% more ownership
Funds ownership: 57.42% → 60.04% (+2.6%)
2% more capital invested
Capital invested by funds: $86.8M → $88.6M (+$1.83M)
11% less funds holding
Funds holding: 45 → 40 (-5)
38% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 16
40% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 10
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$8.05M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$5.4M |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$4.51M |
| 4 |
Lido Advisors
Los Angeles,
California
|
+$1.38M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$9.19M |
| 2 |
AC
Almitas Capital
Santa Monica,
California
|
-$3.35M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$1.31M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.12M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$958K |
DMF Hedge Fund Activity: Q4 2024 in Review
40 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Municipal Income (DMF) for Q4 2024, worth a combined $88.6M — up 2.1% from $86.8M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of DMF and 6 opened new positions — a net loss of 4 holders — while 16 trimmed existing stakes and 10 added.
The largest buyer was Karpus Investment Management, adding an estimated $8.05M. The largest seller was Saba Capital Management, exiting entirely with an estimated $9.19M sold.
- 40 institutional investors held BNY Mellon Municipal Income (DMF) as of Q4 2024, down from 45 in Q3 2024.
- Funds reported $88.6M of BNY Mellon Municipal Income stock for Q4 2024, up 2.1% quarter-over-quarter.
- 6 funds opened new BNY Mellon Municipal Income positions in Q4 2024 and 10 closed out, a net change of -4 holders.
- The largest BNY Mellon Municipal Income buyer in Q4 2024 was Karpus Investment Management, an estimated $8.05M added.
- The largest BNY Mellon Municipal Income seller in Q4 2024 was Saba Capital Management, an estimated $9.19M sold.
Based on aggregated 13F filings for Q4 2024.