Aberdeen Municipal Income Fund
MFM
77 hedge funds and large institutions have $53.7M invested in Aberdeen Municipal Income Fund in 2022 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 26 increasing their positions, 21 reducing their positions, and 7 closing their positions.
114% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 7
24% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 21
22% more capital invested
Capital invested by funds: $44M → $53.7M (+$9.7M)
7% more funds holding
Funds holding: 72 → 77 (+5)
3.18% more ownership
Funds ownership: 22.05% → 25.23% (+3.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$4.72M |
| 2 |
Morgan Stanley
New York
|
+$2.31M |
| 3 |
WP
Woodline Partners
San Francisco,
California
|
+$1.76M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.18M |
| 5 |
MC
Moors & Cabot
Boston,
Massachusetts
|
+$602K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.11M |
| 2 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
-$543K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$499K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$485K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$176K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CSPIA
76
Cary Street Partners Investment Advisory
Richmond,
Virginia
| $1.66K | +$1.6K | +321 | New |
|
|
PAG
77
Private Advisor Group
Morristown,
New Jersey
| $67 | – | – | – |
|
|
RCM
78
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$4.11M | -848,231 | Closed |
|
|
ICM
79
Ionic Capital Management
New York
| – | -$112K | -23,059 | Closed |
|
|
BI
80
Bulldog Investors
Saddle Brook,
New Jersey
| – | -$97K | -19,977 | Closed |
|
|
SCA
81
Snowden Capital Advisors
New York
| – | -$84K | -17,438 | Closed |
|
|
OC
82
Oppenheimer & Co
New York
| – | -$69K | -14,297 | Closed |
|
83
Jones Financial Companies
Des Peres,
Missouri
| – | -$48K | -10,000 | Closed |
|
|
OC
84
Oakworth Capital
Birmingham,
Alabama
| – | -$15K | -3,000 | Closed |
|
MFM Hedge Fund Activity: Q4 2022 in Review
77 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Aberdeen Municipal Income Fund (MFM) for Q4 2022, worth a combined $53.7M — up 22% from $44M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new MFM positions and 7 closed out — a net gain of 8 holders — while 26 added to existing stakes and 21 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $4.72M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $4.11M sold.
- 77 institutional investors held Aberdeen Municipal Income Fund (MFM) as of Q4 2022, up from 72 in Q3 2022.
- Funds reported $53.7M of Aberdeen Municipal Income Fund stock for Q4 2022, up 22% quarter-over-quarter.
- 15 funds opened new Aberdeen Municipal Income Fund positions in Q4 2022 and 7 closed out, a net change of +8 holders.
- The largest Aberdeen Municipal Income Fund buyer in Q4 2022 was Saba Capital Management, an estimated $4.72M added.
- The largest Aberdeen Municipal Income Fund seller in Q4 2022 was Rivernorth Capital Management, an estimated $4.11M sold.
Based on aggregated 13F filings for Q4 2022.