BNY Mellon Municipal Income
DMF
DMF was delisted on the 17th of June, 2025.
49 hedge funds and large institutions have $81M invested in BNY Mellon Municipal Income in 2024 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 13 reducing their positions, and 6 closing their positions.
19% more capital invested
Capital invested by funds: $68M → $81M (+$13M)
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
15% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 13
6.28% more ownership
Funds ownership: 47.91% → 54.18% (+6.3%)
2% more funds holding
Funds holding: 48 → 49 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.03M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.95M |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
+$1.1M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$988K |
| 5 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$726K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$818K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$774K |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$475K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$327K |
| 5 |
Morgan Stanley
New York
|
-$257K |
DMF Hedge Fund Activity: Q2 2024 in Review
49 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Municipal Income (DMF) for Q2 2024, worth a combined $81M — up 19% from $68M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new DMF positions and 6 closed out — a net gain of 1 holder — while 15 added to existing stakes and 13 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $4.03M. The largest seller was Guggenheim Capital, cutting an estimated $818K.
- 49 institutional investors held BNY Mellon Municipal Income (DMF) as of Q2 2024, up from 48 in Q1 2024.
- Funds reported $81M of BNY Mellon Municipal Income stock for Q2 2024, up 19% quarter-over-quarter.
- 7 funds opened new BNY Mellon Municipal Income positions in Q2 2024 and 6 closed out, a net change of +1 holder.
- The largest BNY Mellon Municipal Income buyer in Q2 2024 was Rivernorth Capital Management, an estimated $4.03M added.
- The largest BNY Mellon Municipal Income seller in Q2 2024 was Guggenheim Capital, an estimated $818K sold.
Based on aggregated 13F filings for Q2 2024.