RiverNorth Opportunistic Municipal Income Fund
19 hedge funds and large institutions have $20.9M invested in RiverNorth Opportunistic Municipal Income Fund in 2023 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 5 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 5
19% more capital invested
Capital invested by funds: $17.5M → $20.9M (+$3.37M)
2.5% more ownership
Funds ownership: 18.99% → 21.49% (+2.5%)
0% more funds holding
Funds holding: 19 → 19 (0)
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$824K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$803K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$659K |
| 4 |
Morgan Stanley
New York
|
+$561K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$427K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$998K |
| 2 |
CWA
CM Wealth Advisors
Beachwood,
Ohio
|
-$250K |
| 3 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
-$243K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$228K |
| 5 |
LPL Financial
San Diego,
California
|
-$194K |
RMI Hedge Fund Activity: Q4 2023 in Review
19 of the 6,870 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunistic Municipal Income Fund (RMI) for Q4 2023, worth a combined $20.9M — up 19% from $17.5M a quarter earlier.
Fund positioning in RMI was balanced in Q4 2023: 5 funds opened new positions, 5 closed out, 7 added to existing stakes and 5 trimmed.
The largest buyer was Logan Stone Capital, opening a new position worth an estimated $824K. The largest seller was Advisors Asset Management, exiting entirely with an estimated $998K sold.
- 19 institutional investors held RiverNorth Opportunistic Municipal Income Fund (RMI) as of Q4 2023, unchanged from Q3 2023.
- Funds reported $20.9M of RiverNorth Opportunistic Municipal Income Fund stock for Q4 2023, up 19% quarter-over-quarter.
- 5 funds opened new RiverNorth Opportunistic Municipal Income Fund positions in Q4 2023 and 5 closed out, a net change of 0 holders.
- The largest RiverNorth Opportunistic Municipal Income Fund buyer in Q4 2023 was Logan Stone Capital, an estimated $824K added.
- The largest RiverNorth Opportunistic Municipal Income Fund seller in Q4 2023 was Advisors Asset Management, an estimated $998K sold.
Based on aggregated 13F filings for Q4 2023.