BNY Mellon Municipal Income
DMF
DMF was delisted on the 17th of June, 2025.
45 hedge funds and large institutions have $27M invested in BNY Mellon Municipal Income in 2021 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 11 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
36% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 11
33% more capital invested
Capital invested by funds: $20.3M → $27M (+$6.72M)
7% more funds holding
Funds holding: 42 → 45 (+3)
3.83% more ownership
Funds ownership: 10.96% → 14.79% (+3.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.02M |
| 2 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$939K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$413K |
| 4 |
AFS
Access Financial Services
Minneapolis,
Minnesota
|
+$342K |
| 5 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
+$209K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$498K |
| 2 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$343K |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$280K |
| 4 |
Truist Financial
Charlotte,
North Carolina
|
-$248K |
| 5 |
Millennium Management
New York
|
-$154K |
DMF Hedge Fund Activity: Q1 2021 in Review
45 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Municipal Income (DMF) for Q1 2021, worth a combined $27M — up 33% from $20.3M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new DMF positions and 2 closed out — a net gain of 3 holders — while 15 added to existing stakes and 11 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $1.02M. The largest seller was Bank of America, cutting an estimated $498K.
- 45 institutional investors held BNY Mellon Municipal Income (DMF) as of Q1 2021, up from 42 in Q4 2020.
- Funds reported $27M of BNY Mellon Municipal Income stock for Q1 2021, up 33% quarter-over-quarter.
- 5 funds opened new BNY Mellon Municipal Income positions in Q1 2021 and 2 closed out, a net change of +3 holders.
- The largest BNY Mellon Municipal Income buyer in Q1 2021 was Rivernorth Capital Management, an estimated $1.02M added.
- The largest BNY Mellon Municipal Income seller in Q1 2021 was Bank of America, an estimated $498K sold.
Based on aggregated 13F filings for Q1 2021.