BNY Mellon Municipal Income
DMF
DMF was delisted on the 17th of June, 2025.
54 hedge funds and large institutions have $43.6M invested in BNY Mellon Municipal Income in 2023 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 17 increasing their positions, 13 reducing their positions, and 6 closing their positions.
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
31% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 13
14% more capital invested
Capital invested by funds: $38.2M → $43.6M (+$5.47M)
8% more funds holding
Funds holding: 50 → 54 (+4)
5.04% more ownership
Funds ownership: 28.38% → 33.42% (+5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$3.8M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$1.85M |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
+$618K |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$496K |
| 5 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$191K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$329K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$269K |
| 3 |
WP
Woodline Partners
San Francisco,
California
|
-$183K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$182K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$117K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PA
51
Parallel Advisors
San Francisco,
California
| $9.06K | – | – | – |
|
|
SPIA
52
Steward Partners Investment Advisory
New York
| $8.18K | -$1.25K | -198 | -13% |
|
|
TFGT
53
TS Financial Group (TSFG)
Lake Forest,
Illinois
| $5K | +$38 | +6 | +0.8% |
|
54
Bessemer Group
Woodbridge,
New Jersey
| $2K | +$1.74K | +276 | New |
|
|
FAIM
55
Financial Advocates Investment Management
Olympia,
Washington
| – | -$111K | -17,166 | Closed |
|
|
CF
56
Centaurus Financial
Anaheim,
California
| – | -$88K | -13,500 | Closed |
|
57
JP Morgan Chase
New York
| – | -$25K | -3,888 | Closed |
|
|
AAS
58
Ameritas Advisory Services
Lincoln,
Nebraska
| – | -$14.3K | -2,280 | Closed |
|
|
LC
59
Lindbrook Capital
Calabasas,
California
| – | -$9.73K | -1,500 | Closed |
|
60
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$1K | -226 | Closed |
|
DMF Hedge Fund Activity: Q2 2023 in Review
54 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Municipal Income (DMF) for Q2 2023, worth a combined $43.6M — up 14% from $38.2M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new DMF positions and 6 closed out — a net gain of 4 holders — while 17 added to existing stakes and 13 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $3.8M. The largest seller was Hennion & Walsh Asset Management, cutting an estimated $329K.
- 54 institutional investors held BNY Mellon Municipal Income (DMF) as of Q2 2023, up from 50 in Q1 2023.
- Funds reported $43.6M of BNY Mellon Municipal Income stock for Q2 2023, up 14% quarter-over-quarter.
- 10 funds opened new BNY Mellon Municipal Income positions in Q2 2023 and 6 closed out, a net change of +4 holders.
- The largest BNY Mellon Municipal Income buyer in Q2 2023 was Saba Capital Management, an estimated $3.8M added.
- The largest BNY Mellon Municipal Income seller in Q2 2023 was Hennion & Walsh Asset Management, an estimated $329K sold.
Based on aggregated 13F filings for Q2 2023.