BNY Mellon Municipal Income
DMF
DMF was delisted on the 17th of June, 2025.
52 hedge funds and large institutions have $32.2M invested in BNY Mellon Municipal Income in 2022 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 15 increasing their positions, 15 reducing their positions, and 13 closing their positions.
17% more capital invested
Capital invested by funds: $27.6M → $32.2M (+$4.57M)
2.61% more ownership
Funds ownership: 22.13% → 24.75% (+2.6%)
0% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 15
8% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 13
5% less funds holding
Funds holding: 55 → 52 (-3)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.67M |
| 2 |
SCM
Saba Capital Management
New York
|
+$1.24M |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$1.06M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$783K |
| 5 |
Morgan Stanley
New York
|
+$756K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.15M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$883K |
| 3 |
MC
Moors & Cabot
Boston,
Massachusetts
|
-$785K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$443K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$287K |
DMF Hedge Fund Activity: Q4 2022 in Review
52 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Municipal Income (DMF) for Q4 2022, worth a combined $32.2M — up 17% from $27.6M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of DMF and 12 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 15 added.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $3.67M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $3.15M sold.
- 52 institutional investors held BNY Mellon Municipal Income (DMF) as of Q4 2022, down from 55 in Q3 2022.
- Funds reported $32.2M of BNY Mellon Municipal Income stock for Q4 2022, up 17% quarter-over-quarter.
- 12 funds opened new BNY Mellon Municipal Income positions in Q4 2022 and 13 closed out, a net change of -1 holder.
- The largest BNY Mellon Municipal Income buyer in Q4 2022 was Karpus Investment Management, an estimated $3.67M added.
- The largest BNY Mellon Municipal Income seller in Q4 2022 was Rivernorth Capital Management, an estimated $3.15M sold.
Based on aggregated 13F filings for Q4 2022.