BNY Mellon Municipal Income
DMF
DMF was delisted on the 17th of June, 2025.
50 hedge funds and large institutions have $38.2M invested in BNY Mellon Municipal Income in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 7 reducing their positions, and 8 closing their positions.
186% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 7
19% more capital invested
Capital invested by funds: $32.2M → $38.2M (+$5.99M)
3.63% more ownership
Funds ownership: 24.75% → 28.38% (+3.6%)
4% less funds holding
Funds holding: 52 → 50 (-2)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$2.44M |
| 2 |
WP
Woodline Partners
San Francisco,
California
|
+$1.21M |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$326K |
| 4 |
AC
Almitas Capital
Santa Monica,
California
|
+$315K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$271K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Moors & Cabot
Boston,
Massachusetts
|
-$169K |
| 2 |
VF
Virtu Financial
New York
|
-$144K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$128K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$105K |
| 5 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$87.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MC
51
Moors & Cabot
Boston,
Massachusetts
| – | -$169K | -27,000 | Closed |
|
|
VF
52
Virtu Financial
New York
| – | -$144K | -22,994 | Closed |
|
|
LCM
53
Landscape Capital Management
Englewood,
New Jersey
| – | -$105K | -16,706 | Closed |
|
|
SS
54
Simplicity Solutions
Minneapolis,
Minnesota
| – | -$69.5K | -11,099 | Closed |
|
|
WAM
55
Worth Asset Management
Dallas,
Texas
| – | -$57.8K | -9,022 | Closed |
|
|
BTI
56
Blue Trust Inc
Alpharetta,
Georgia
| – | -$6K | -1,004 | Closed |
|
57
Rockefeller Capital Management
New York
| – | -$3K | -500 | Closed |
|
|
IA
58
IFP Advisors
Tampa,
Florida
| – | -$1K | -39 | Closed |
|
DMF Hedge Fund Activity: Q1 2023 in Review
50 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Municipal Income (DMF) for Q1 2023, worth a combined $38.2M — up 19% from $32.2M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of DMF and 6 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 20 added.
The largest buyer was Saba Capital Management, adding an estimated $2.44M. The largest seller was Moors & Cabot, exiting entirely with an estimated $169K sold.
- 50 institutional investors held BNY Mellon Municipal Income (DMF) as of Q1 2023, down from 52 in Q4 2022.
- Funds reported $38.2M of BNY Mellon Municipal Income stock for Q1 2023, up 19% quarter-over-quarter.
- 6 funds opened new BNY Mellon Municipal Income positions in Q1 2023 and 8 closed out, a net change of -2 holders.
- The largest BNY Mellon Municipal Income buyer in Q1 2023 was Saba Capital Management, an estimated $2.44M added.
- The largest BNY Mellon Municipal Income seller in Q1 2023 was Moors & Cabot, an estimated $169K sold.
Based on aggregated 13F filings for Q1 2023.