BNY Mellon Municipal Income
DMF
DMF was delisted on the 17th of June, 2025.
48 hedge funds and large institutions have $68M invested in BNY Mellon Municipal Income in 2024 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 19 increasing their positions, 13 reducing their positions, and 5 closing their positions.
46% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 13
12% more capital invested
Capital invested by funds: $60.5M → $68M (+$7.49M)
3.12% more ownership
Funds ownership: 44.78% → 47.91% (+3.1%)
4% less funds holding
Funds holding: 50 → 48 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.74M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.5M |
| 3 |
SCM
Saba Capital Management
New York
|
+$1.2M |
| 4 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
+$716K |
| 5 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$259K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$794K |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$756K |
| 3 |
Morgan Stanley
New York
|
-$652K |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$621K |
| 5 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
-$550K |
DMF Hedge Fund Activity: Q1 2024 in Review
48 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Municipal Income (DMF) for Q1 2024, worth a combined $68M — up 12% from $60.5M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of DMF and 3 opened new positions — a net loss of 2 holders — while 13 trimmed existing stakes and 19 added.
The largest buyer was Sit Investment Associates, adding an estimated $2.74M. The largest seller was Guggenheim Capital, cutting an estimated $794K.
- 48 institutional investors held BNY Mellon Municipal Income (DMF) as of Q1 2024, down from 50 in Q4 2023.
- Funds reported $68M of BNY Mellon Municipal Income stock for Q1 2024, up 12% quarter-over-quarter.
- 3 funds opened new BNY Mellon Municipal Income positions in Q1 2024 and 5 closed out, a net change of -2 holders.
- The largest BNY Mellon Municipal Income buyer in Q1 2024 was Sit Investment Associates, an estimated $2.74M added.
- The largest BNY Mellon Municipal Income seller in Q1 2024 was Guggenheim Capital, an estimated $794K sold.
Based on aggregated 13F filings for Q1 2024.