BNY Mellon Municipal Income
DMF
DMF was delisted on the 17th of June, 2025.
38 hedge funds and large institutions have $94.2M invested in BNY Mellon Municipal Income in 2025 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 10 increasing their positions, 12 reducing their positions, and 6 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
6% more capital invested
Capital invested by funds: $88.6M → $94.2M (+$5.59M)
2.85% more ownership
Funds ownership: 60.04% → 62.88% (+2.8%)
5% less funds holding
Funds holding: 40 → 38 (-2)
17% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 12
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.06M |
| 2 |
AC
Almitas Capital
Santa Monica,
California
|
+$1.98M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.23M |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$635K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$408K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pathstone Holdings
Englewood,
New Jersey
|
-$1.53M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$651K |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
-$330K |
| 4 |
SA
Sanctuary Advisors
Indianapolis,
Indiana
|
-$288K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$225K |
DMF Hedge Fund Activity: Q1 2025 in Review
38 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Municipal Income (DMF) for Q1 2025, worth a combined $94.2M — up 6.3% from $88.6M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of DMF and 4 opened new positions — a net loss of 2 holders — while 12 trimmed existing stakes and 10 added.
The largest buyer was Karpus Investment Management, adding an estimated $3.06M. The largest seller was Pathstone Holdings, cutting an estimated $1.53M.
- 38 institutional investors held BNY Mellon Municipal Income (DMF) as of Q1 2025, down from 40 in Q4 2024.
- Funds reported $94.2M of BNY Mellon Municipal Income stock for Q1 2025, up 6.3% quarter-over-quarter.
- 4 funds opened new BNY Mellon Municipal Income positions in Q1 2025 and 6 closed out, a net change of -2 holders.
- The largest BNY Mellon Municipal Income buyer in Q1 2025 was Karpus Investment Management, an estimated $3.06M added.
- The largest BNY Mellon Municipal Income seller in Q1 2025 was Pathstone Holdings, an estimated $1.53M sold.
Based on aggregated 13F filings for Q1 2025.