RiverNorth Opportunistic Municipal Income Fund
18 hedge funds and large institutions have $19.5M invested in RiverNorth Opportunistic Municipal Income Fund in 2024 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 4 increasing their positions, 6 reducing their positions, and 3 closing their positions.
1.77% less ownership
Funds ownership: 20.96% → 19.18% (-1.8%)
9% less capital invested
Capital invested by funds: $21.5M → $19.5M (-$2.01M)
10% less funds holding
Funds holding: 20 → 18 (-2)
33% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 6
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
+$224K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$183K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$106K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$50.8K |
| 5 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$16K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$727K |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$555K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$328K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$286K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$179K |
RMI Hedge Fund Activity: Q2 2024 in Review
18 of the 6,936 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunistic Municipal Income Fund (RMI) for Q2 2024, worth a combined $19.5M — down 9.4% from $21.5M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of RMI and 1 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 4 added.
The largest buyer was Stratos Wealth Partners, adding an estimated $224K. The largest seller was Osaic Holdings, cutting an estimated $727K.
- 18 institutional investors held RiverNorth Opportunistic Municipal Income Fund (RMI) as of Q2 2024, down from 20 in Q1 2024.
- Funds reported $19.5M of RiverNorth Opportunistic Municipal Income Fund stock for Q2 2024, down 9.4% quarter-over-quarter.
- 1 fund opened new RiverNorth Opportunistic Municipal Income Fund positions in Q2 2024 and 3 closed out, a net change of -2 holders.
- The largest RiverNorth Opportunistic Municipal Income Fund buyer in Q2 2024 was Stratos Wealth Partners, an estimated $224K added.
- The largest RiverNorth Opportunistic Municipal Income Fund seller in Q2 2024 was Osaic Holdings, an estimated $727K sold.
Based on aggregated 13F filings for Q2 2024.