BNY Mellon Municipal Income
DMF
DMF was delisted on the 17th of June, 2025.
54 hedge funds and large institutions have $34.5M invested in BNY Mellon Municipal Income in 2018 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 20 increasing their positions, 8 reducing their positions, and 9 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 8
11% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 9
6.16% more ownership
Funds ownership: 15.7% → 21.86% (+6.2%)
0% more funds holding
Funds holding: 54 → 54 (0)
28% less capital invested
Capital invested by funds: $47.7M → $34.5M (-$13.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$5.87M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.2M |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$1.12M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$930K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$763K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$24M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$265K |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$225K |
| 4 |
RJT
Raymond James Trust
St. Petersburg,
Florida
|
-$197K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$118K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MOS
51
MGO One Seven
Beachwood,
Ohio
| $8K | +$8.26K | +1,081 | New |
|
|
JCM
52
Jacobi Capital Management
Pittston,
Pennsylvania
| $7K | +$92 | +12 | +1% |
|
|
FHB
53
First Hawaiian Bank
Honolulu,
Hawaii
| $1K | – | – | – |
|
54
Northern Trust
Chicago,
Illinois
| $1K | – | – | – |
|
|
CWM
55
Cornerstone Wealth Management
St. Peters,
Missouri
| – | -$24M | -219,756 | Closed |
|
|
AAM
56
Advisors Asset Management
Monument,
Colorado
| – | -$265K | -33,860 | Closed |
|
|
57
Citadel Advisors
Miami,
Florida
| – | -$225K | -28,685 | Closed |
|
58
Geode Capital Management
Boston,
Massachusetts
| – | -$97K | -12,486 | Closed |
|
|
CAL
59
Capital Analysts LLC
Fort Washington,
Pennsylvania
| – | -$49K | -6,250 | Closed |
|
|
RCAG
60
Rehmann Capital Advisory Group
Lansing,
Michigan
| – | -$24.9K | -3,178 | Closed |
|
|
CPIG
61
Chicago Partners Investment Group
Chicago,
Illinois
| – | -$18K | -2,350 | Closed |
|
|
SPIA
62
Steward Partners Investment Advisory
New York
| – | -$8K | -990 | Closed |
|
|
SWP
63
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$1K | -152 | Closed |
|
DMF Hedge Fund Activity: Q4 2018 in Review
54 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Municipal Income (DMF) for Q4 2018, worth a combined $34.5M — down 28% from $47.7M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new DMF positions and 9 closed out — a net gain of 1 holder — while 20 added to existing stakes and 8 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $5.87M. The largest seller was Cornerstone Wealth Management, exiting entirely with an estimated $24M sold.
- 54 institutional investors held BNY Mellon Municipal Income (DMF) as of Q4 2018, unchanged from Q3 2018.
- Funds reported $34.5M of BNY Mellon Municipal Income stock for Q4 2018, down 28% quarter-over-quarter.
- 10 funds opened new BNY Mellon Municipal Income positions in Q4 2018 and 9 closed out, a net change of +1 holder.
- The largest BNY Mellon Municipal Income buyer in Q4 2018 was Karpus Investment Management, an estimated $5.87M added.
- The largest BNY Mellon Municipal Income seller in Q4 2018 was Cornerstone Wealth Management, an estimated $24M sold.
Based on aggregated 13F filings for Q4 2018.