BNY Mellon Municipal Income
DMF
DMF was delisted on the 17th of June, 2025.
50 hedge funds and large institutions have $60.5M invested in BNY Mellon Municipal Income in 2023 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 15 increasing their positions, 14 reducing their positions, and 10 closing their positions.
35% more capital invested
Capital invested by funds: $44.9M → $60.5M (+$15.6M)
6.57% more ownership
Funds ownership: 38.21% → 44.78% (+6.6%)
7% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 14
6% less funds holding
Funds holding: 53 → 50 (-3)
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.84M |
| 2 |
AC
Almitas Capital
Santa Monica,
California
|
+$1.58M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.56M |
| 4 |
SCM
Saba Capital Management
New York
|
+$1.32M |
| 5 |
RIL
Rothschild Investment LLC
Chicago,
Illinois
|
+$674K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.18M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$908K |
| 3 |
WP
Woodline Partners
San Francisco,
California
|
-$395K |
| 4 |
PWS
Private Wealth Strategies
New Albany,
Ohio
|
-$324K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$227K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Comerica Bank
Dallas,
Texas
| $254 | – | – | – |
|
|
RCM
52
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$908K | -160,671 | Closed |
|
|
WP
53
Woodline Partners
San Francisco,
California
| – | -$395K | -69,627 | Closed |
|
|
CRC
54
Curi RMB Capital
Chicago,
Illinois
| – | -$227K | -40,000 | Closed |
|
|
MFG
55
Merit Financial Group
Alpharetta,
Georgia
| – | -$98.6K | -17,389 | Closed |
|
56
Stifel Financial
St. Louis,
Missouri
| – | -$79.1K | -13,956 | Closed |
|
|
CBFP
57
Cedar Brook Financial Partners
Cleveland,
Ohio
| – | -$58.7K | -10,352 | Closed |
|
|
CSA
58
Cottage Street Advisors
Marion,
Massachusetts
| – | -$56.7K | -10,000 | Closed |
|
59
JP Morgan Chase
New York
| – | -$35.4K | -6,242 | Closed |
|
60
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$20K | -3,483 | Closed |
|
|
FIA
61
FNY Investment Advisers
New York
| – | -$3K | -600 | Closed |
|
DMF Hedge Fund Activity: Q4 2023 in Review
50 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Municipal Income (DMF) for Q4 2023, worth a combined $60.5M — up 35% from $44.9M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of DMF and 9 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 15 added.
The largest buyer was Sit Investment Associates, opening a new position worth an estimated $3.84M. The largest seller was Morgan Stanley, cutting an estimated $2.18M.
- 50 institutional investors held BNY Mellon Municipal Income (DMF) as of Q4 2023, down from 53 in Q3 2023.
- Funds reported $60.5M of BNY Mellon Municipal Income stock for Q4 2023, up 35% quarter-over-quarter.
- 9 funds opened new BNY Mellon Municipal Income positions in Q4 2023 and 10 closed out, a net change of -1 holder.
- The largest BNY Mellon Municipal Income buyer in Q4 2023 was Sit Investment Associates, an estimated $3.84M added.
- The largest BNY Mellon Municipal Income seller in Q4 2023 was Morgan Stanley, an estimated $2.18M sold.
Based on aggregated 13F filings for Q4 2023.