BNY Mellon Municipal Income
DMF
DMF was delisted on the 17th of June, 2025.
53 hedge funds and large institutions have $44.9M invested in BNY Mellon Municipal Income in 2023 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 16 reducing their positions, and 6 closing their positions.
4.79% more ownership
Funds ownership: 33.42% → 38.21% (+4.8%)
3% more capital invested
Capital invested by funds: $43.6M → $44.9M (+$1.31M)
0% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 16
2% less funds holding
Funds holding: 54 → 53 (-1)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$4.87M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$3.56M |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
+$1.21M |
| 4 |
API
Advisor Partners II
Walnut Creek,
California
|
+$1M |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$559K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$2.38M |
| 2 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$2.13M |
| 3 |
WP
Woodline Partners
San Francisco,
California
|
-$848K |
| 4 |
PWS
Private Wealth Strategies
New Albany,
Ohio
|
-$395K |
| 5 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
-$106K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FIA
51
FNY Investment Advisers
New York
| $3K | +$3.7K | +600 | New |
|
52
Bessemer Group
Woodbridge,
New Jersey
| $2K | +$142 | +23 | +8% |
|
53
Comerica Bank
Dallas,
Texas
| $222 | +$241 | +39 | New |
|
|
HWAM
54
Hennion & Walsh Asset Management
Parsippany,
New Jersey
| – | -$2.13M | -338,788 | Closed |
|
|
ACA
55
Ackerman Capital Advisors
Dallas,
Texas
| – | -$106K | -16,780 | Closed |
|
|
LCM
56
Landscape Capital Management
Englewood,
New Jersey
| – | -$91.8K | -14,592 | Closed |
|
57
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
| – | -$69K | -11,011 | Closed |
|
|
MTIC
58
Missouri Trust & Investment Company
Springfield,
Missouri
| – | -$10.7K | -1,700 | Closed |
|
|
SPIA
59
Steward Partners Investment Advisory
New York
| – | -$8.18K | -1,300 | Closed |
|
DMF Hedge Fund Activity: Q3 2023 in Review
53 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Municipal Income (DMF) for Q3 2023, worth a combined $44.9M — up 3% from $43.6M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of DMF and 5 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 16 added.
The largest buyer was Saba Capital Management, adding an estimated $4.87M. The largest seller was Robinson Capital Management, cutting an estimated $2.38M.
- 53 institutional investors held BNY Mellon Municipal Income (DMF) as of Q3 2023, down from 54 in Q2 2023.
- Funds reported $44.9M of BNY Mellon Municipal Income stock for Q3 2023, up 3% quarter-over-quarter.
- 5 funds opened new BNY Mellon Municipal Income positions in Q3 2023 and 6 closed out, a net change of -1 holder.
- The largest BNY Mellon Municipal Income buyer in Q3 2023 was Saba Capital Management, an estimated $4.87M added.
- The largest BNY Mellon Municipal Income seller in Q3 2023 was Robinson Capital Management, an estimated $2.38M sold.
Based on aggregated 13F filings for Q3 2023.