BNY Mellon Municipal Income
DMF
DMF was delisted on the 17th of June, 2025.
45 hedge funds and large institutions have $86.8M invested in BNY Mellon Municipal Income in 2024 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 13 increasing their positions, 15 reducing their positions, and 6 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
7% more capital invested
Capital invested by funds: $81M → $86.8M (+$5.75M)
3.24% more ownership
Funds ownership: 54.18% → 57.42% (+3.2%)
8% less funds holding
Funds holding: 49 → 45 (-4)
13% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 15
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$7.54M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$5.58M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.59M |
| 4 |
AC
Almitas Capital
Santa Monica,
California
|
+$3.48M |
| 5 |
Bank of New York Mellon
New York
|
+$257K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$8.15M |
| 2 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
-$1.51M |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$1.11M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$883K |
| 5 |
FPCP
Fort Point Capital Partners
San Francisco,
California
|
-$384K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Citadel Advisors
Miami,
Florida
| – | -$79.1K | -11,007 | Closed |
|
52
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$17.2K | -2,390 | Closed |
|
DMF Hedge Fund Activity: Q3 2024 in Review
45 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Municipal Income (DMF) for Q3 2024, worth a combined $86.8M — up 7.1% from $81M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of DMF and 4 opened new positions — a net loss of 2 holders — while 15 trimmed existing stakes and 13 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $7.54M. The largest seller was Saba Capital Management, cutting an estimated $8.15M.
- 45 institutional investors held BNY Mellon Municipal Income (DMF) as of Q3 2024, down from 49 in Q2 2024.
- Funds reported $86.8M of BNY Mellon Municipal Income stock for Q3 2024, up 7.1% quarter-over-quarter.
- 4 funds opened new BNY Mellon Municipal Income positions in Q3 2024 and 6 closed out, a net change of -2 holders.
- The largest BNY Mellon Municipal Income buyer in Q3 2024 was Rivernorth Capital Management, an estimated $7.54M added.
- The largest BNY Mellon Municipal Income seller in Q3 2024 was Saba Capital Management, an estimated $8.15M sold.
Based on aggregated 13F filings for Q3 2024.