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DMF

BNY Mellon Municipal Income
DMF

Delisted

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

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38 hedge funds and large institutions have $94.2M invested in BNY Mellon Municipal Income in 2025 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 10 increasing their positions, 12 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)

6% more capital invested

Capital invested by funds: $88.6M → $94.2M (+$5.59M)

2.85% more ownership

Funds ownership: 60.04% → 62.88% (+2.8%)

5% less funds holding

Funds holding: 40 → 38 (-2)

17% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 12

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

Holders
38
Holders Change
-2
Holders Change %
-5%
% of All Funds
0.51%
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
10
Reduced
12
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$3.06M
2
AC
Almitas Capital
California
+$1.98M
3
RCM
Rivernorth Capital Management
Florida
+$1.23M
4
LSC
Logan Stone Capital
Illinois
+$635K
5
SIA
Sit Investment Associates
Minnesota
+$408K

Top Sellers

Rank Fund Capital Flow
1
Pathstone Holdings
Pathstone Holdings
New Jersey
-$1.53M
2
TJHA
Thomas J. Herzfeld Advisors
Florida
-$651K
3
N
Nuveen
North Carolina
-$330K
4
SA
Sanctuary Advisors
Indiana
-$288K
5
AA
AQR Arbitrage
Connecticut
-$225K
Name Holding Trade Value Shares
Change 		Change in
Stake
CSC
26
Cove Street Capital
California
$160K – – –
PVM
27
Palogic Value Management
Texas
$144K – – –
SSB
28
Sandy Spring Bank
Maryland
$101K +$101K +14,121 New
Wells Fargo
29
Wells Fargo
California
$92.2K -$7 -1 -0%
MCM
30
MAI Capital Management
Ohio
$84.1K – – –
Creative Planning
31
Creative Planning
Kansas
$78.4K +$78.4K +10,921 New
FNT
32
First Nebraska Trust
Nebraska
$78.3K – – –
OC
33
Opinicus Capital
Florida
$72K – – –
BWM
34
Bernard Wealth Management
Michigan
$17.6K +$144 +20 +0.8%
Bank of America
35
Bank of America
North Carolina
$16.3K – – –
PA
36
Parallel Advisors
California
$10.3K – – –
CI
37
CX Institutional
Indiana
$7K +$7.18K +1,000 New
TFGT
38
TS Financial Group (TSFG)
Illinois
$6K +$43 +6 +0.7%
Osaic Holdings
39
Osaic Holdings
Arizona
$1.51K -$12.2K -1,695 -89%
TJHA
40
Thomas J. Herzfeld Advisors
Florida
– -$651K -91,732 Closed
SA
41
Sanctuary Advisors
Indiana
– -$288K -40,374 Closed
Susquehanna International Group
42
Susquehanna International Group
Pennsylvania
– -$118K -16,572 Closed
Citadel Advisors
43
Citadel Advisors
Florida
– -$89.2K -12,566 Closed
AWM
44
Avior Wealth Management
Nebraska
– -$37.6K -5,295 Closed
Fidelity Investments
45
Fidelity Investments
Massachusetts
– -$7 -1 Closed
1
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DMF Hedge Fund Activity: Q1 2025 in Review

38 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Municipal Income (DMF) for Q1 2025, worth a combined $94.2M — up 6.3% from $88.6M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of DMF and 4 opened new positions — a net loss of 2 holders — while 12 trimmed existing stakes and 10 added.

The largest buyer was Karpus Investment Management, adding an estimated $3.06M. The largest seller was Pathstone Holdings, cutting an estimated $1.53M.

  • 38 institutional investors held BNY Mellon Municipal Income (DMF) as of Q1 2025, down from 40 in Q4 2024.
  • Funds reported $94.2M of BNY Mellon Municipal Income stock for Q1 2025, up 6.3% quarter-over-quarter.
  • 4 funds opened new BNY Mellon Municipal Income positions in Q1 2025 and 6 closed out, a net change of -2 holders.
  • The largest BNY Mellon Municipal Income buyer in Q1 2025 was Karpus Investment Management, an estimated $3.06M added.
  • The largest BNY Mellon Municipal Income seller in Q1 2025 was Pathstone Holdings, an estimated $1.53M sold.

Based on aggregated 13F filings for Q1 2025.