BNY Mellon Municipal Income
DMF
DMF was delisted on the 17th of June, 2025.
45 hedge funds and large institutions have $22.5M invested in BNY Mellon Municipal Income in 2019 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 17 reducing their positions, and 11 closing their positions.
7.21% less ownership
Funds ownership: 19.91% → 12.7% (-7.2%)
12% less funds holding
Funds holding: 51 → 45 (-6)
35% less capital invested
Capital invested by funds: $34.4M → $22.5M (-$12M)
41% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 17
55% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$844K |
| 2 |
Comerica Bank
Dallas,
Texas
|
+$84.4K |
| 3 |
PAS
Park Avenue Securities
New York
|
+$31.4K |
| 4 |
RFM
Royal Fund Management
Lady Lake,
Florida
|
+$30.3K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$24.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$6.6M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.94M |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$1.2M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$991K |
| 5 |
CSA
Cottage Street Advisors
Marion,
Massachusetts
|
-$597K |
DMF Hedge Fund Activity: Q2 2019 in Review
45 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Municipal Income (DMF) for Q2 2019, worth a combined $22.5M — down 35% from $34.4M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of DMF and 5 opened new positions — a net loss of 6 holders — while 17 trimmed existing stakes and 10 added.
The largest buyer was Wells Fargo, adding an estimated $844K. The largest seller was Karpus Investment Management, cutting an estimated $6.6M.
- 45 institutional investors held BNY Mellon Municipal Income (DMF) as of Q2 2019, down from 51 in Q1 2019.
- Funds reported $22.5M of BNY Mellon Municipal Income stock for Q2 2019, down 35% quarter-over-quarter.
- 5 funds opened new BNY Mellon Municipal Income positions in Q2 2019 and 11 closed out, a net change of -6 holders.
- The largest BNY Mellon Municipal Income buyer in Q2 2019 was Wells Fargo, an estimated $844K added.
- The largest BNY Mellon Municipal Income seller in Q2 2019 was Karpus Investment Management, an estimated $6.6M sold.
Based on aggregated 13F filings for Q2 2019.