BNY Mellon Municipal Income
DMF
DMF was delisted on the 17th of June, 2025.
36 hedge funds and large institutions have $15.2M invested in BNY Mellon Municipal Income in 2020 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 10 increasing their positions, 8 reducing their positions, and 9 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 8
1.78% less ownership
Funds ownership: 10.67% → 8.89% (-1.8%)
10% less funds holding
Funds holding: 40 → 36 (-4)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
23% less capital invested
Capital invested by funds: $19.7M → $15.2M (-$4.53M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PWS
Private Wealth Strategies
New Albany,
Ohio
|
+$484K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$404K |
| 3 |
MC
Moors & Cabot
Boston,
Massachusetts
|
+$382K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$228K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$219K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
-$3.66M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.04M |
| 3 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
-$250K |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$127K |
| 5 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$117K |
DMF Hedge Fund Activity: Q1 2020 in Review
36 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Municipal Income (DMF) for Q1 2020, worth a combined $15.2M — down 23% from $19.7M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of DMF and 7 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 10 added.
The largest buyer was Private Wealth Strategies, adding an estimated $484K. The largest seller was Mackay Shields LLC, exiting entirely with an estimated $3.66M sold.
- 36 institutional investors held BNY Mellon Municipal Income (DMF) as of Q1 2020, down from 40 in Q4 2019.
- Funds reported $15.2M of BNY Mellon Municipal Income stock for Q1 2020, down 23% quarter-over-quarter.
- 7 funds opened new BNY Mellon Municipal Income positions in Q1 2020 and 9 closed out, a net change of -2 holders.
- The largest BNY Mellon Municipal Income buyer in Q1 2020 was Private Wealth Strategies, an estimated $484K added.
- The largest BNY Mellon Municipal Income seller in Q1 2020 was Mackay Shields LLC, an estimated $3.66M sold.
Based on aggregated 13F filings for Q1 2020.