RiverNorth Opportunistic Municipal Income Fund
18 hedge funds and large institutions have $15.8M invested in RiverNorth Opportunistic Municipal Income Fund in 2023 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 5 increasing their positions, 9 reducing their positions, and 4 closing their positions.
3.03% less ownership
Funds ownership: 18.86% → 15.83% (-3%)
14% less capital invested
Capital invested by funds: $18.4M → $15.8M (-$2.58M)
14% less funds holding
Funds holding: 21 → 18 (-3)
44% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 9
75% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$269K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$146K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$44.6K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$41.4K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$11.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
-$2.18M |
| 2 |
FM
Family Management
New York
|
-$525K |
| 3 |
Morgan Stanley
New York
|
-$281K |
| 4 |
LPL Financial
San Diego,
California
|
-$219K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$92.8K |
RMI Hedge Fund Activity: Q1 2023 in Review
18 of the 6,284 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunistic Municipal Income Fund (RMI) for Q1 2023, worth a combined $15.8M — down 14% from $18.4M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of RMI and 1 opened new positions — a net loss of 3 holders — while 9 trimmed existing stakes and 5 added.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $269K. The largest seller was Stratos Wealth Partners, cutting an estimated $2.18M.
- 18 institutional investors held RiverNorth Opportunistic Municipal Income Fund (RMI) as of Q1 2023, down from 21 in Q4 2022.
- Funds reported $15.8M of RiverNorth Opportunistic Municipal Income Fund stock for Q1 2023, down 14% quarter-over-quarter.
- 1 fund opened new RiverNorth Opportunistic Municipal Income Fund positions in Q1 2023 and 4 closed out, a net change of -3 holders.
- The largest RiverNorth Opportunistic Municipal Income Fund buyer in Q1 2023 was Susquehanna International Group, an estimated $269K added.
- The largest RiverNorth Opportunistic Municipal Income Fund seller in Q1 2023 was Stratos Wealth Partners, an estimated $2.18M sold.
Based on aggregated 13F filings for Q1 2023.