We are live on ! Find out more
RMI

RiverNorth Opportunistic Municipal Income Fund
RMI

24 hedge funds and large institutions have $23.2M invested in RiverNorth Opportunistic Municipal Income Fund in 2024 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 9 increasing their positions, 2 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

600% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 1

350% more repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 2

26% more funds holding

Funds holding: 19 → 24 (+5)

10% more capital invested

Capital invested by funds: $21M → $23.2M (+$2.19M)

3.98% more ownership

Funds ownership: 20.12% → 24.1% (+4%)

Holders
24
Holders Change
+5
Holders Change %
+26.32%
% of All Funds
0.32%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
9
Reduced
2
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LSC
Logan Stone Capital
Illinois
+$1.17M
2
UBS Group
UBS Group
Switzerland
+$844K
3
WAM
Wolverine Asset Management
Illinois
+$797K
4
IAA
Independent Advisor Alliance
North Carolina
+$663K
5
LPL Financial
LPL Financial
California
+$391K

Top Sellers

Rank Fund Capital Flow
1
NW
NewEdge Wealth
Pennsylvania
-$406K
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$174K
3
Morgan Stanley
Morgan Stanley
New York
-$155K
Name Holding Trade Value Shares
Change 		Change in
Stake
SWP
1
Stratos Wealth Partners
Ohio
$7.28M +$141K +8,865 +2%
UBS Group
2
UBS Group
Switzerland
$2.39M +$844K +53,168 +50%
Wells Fargo
3
Wells Fargo
California
$2.08M +$165K +10,381 +8%
Royal Bank of Canada
4
Royal Bank of Canada
Ontario, Canada
$2.07M -$174K -10,974 -7%
LSC
5
Logan Stone Capital
Illinois
$1.7M +$1.17M +73,541 +187%
Morgan Stanley
6
Morgan Stanley
New York
$1.7M -$155K -9,749 -8%
WAM
7
Wolverine Asset Management
Illinois
$1.32M +$797K +50,176 +133%
RCM
8
Robinson Capital Management
Michigan
$696K +$134K +8,441 +22%
IAA
9
Independent Advisor Alliance
North Carolina
$629K +$663K +41,741 New
CWS
10
Cypress Wealth Services
California
$489K – – –
PFS
11
Prospera Financial Services
Texas
$456K +$683 +43 +0.1%
LPL Financial
12
LPL Financial
California
$371K +$391K +24,607 New
Raymond James Financial
13
Raymond James Financial
Florida
$337K +$355K +22,353 New
CIA
14
Concurrent Investment Advisors
Florida
$287K – – –
FWM
15
Fairhaven Wealth Management
Illinois
$281K – – –
XF
16
XML Financial
Maryland
$196K – – –
Nomura Holdings
17
Nomura Holdings
Japan
$167K +$176K +11,100 New
AWM
18
Apollon Wealth Management
South Carolina
$161K +$170K +10,685 New
TPWM
19
Twelve Points Wealth Management
Massachusetts
$153K – – –
MFG
20
Mosaic Financial Group
Illinois
$151K – – –
NWMP
21
Noble Wealth Management PBC
Colorado
$107K +$113K +7,100 New
Osaic Holdings
22
Osaic Holdings
Arizona
$80.5K +$44.2K +2,785 +109%
Bank of America
23
Bank of America
North Carolina
$36.7K +$10.2K +640 +36%
AF
24
Atala Financial
California
$28.3K +$29.8K +1,877 New
NW
25
NewEdge Wealth
Pennsylvania
– -$406K -24,885 Closed

RMI Hedge Fund Activity: Q4 2024 in Review

24 of the 7,593 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunistic Municipal Income Fund (RMI) for Q4 2024, worth a combined $23.2M — up 10% from $21M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new RMI positions and 1 closed out — a net gain of 6 holders — while 9 added to existing stakes and 2 trimmed.

The largest buyer was Logan Stone Capital, adding an estimated $1.17M. The largest seller was NewEdge Wealth, exiting entirely with an estimated $406K sold.

  • 24 institutional investors held RiverNorth Opportunistic Municipal Income Fund (RMI) as of Q4 2024, up from 19 in Q3 2024.
  • Funds reported $23.2M of RiverNorth Opportunistic Municipal Income Fund stock for Q4 2024, up 10% quarter-over-quarter.
  • 7 funds opened new RiverNorth Opportunistic Municipal Income Fund positions in Q4 2024 and 1 closed out, a net change of +6 holders.
  • The largest RiverNorth Opportunistic Municipal Income Fund buyer in Q4 2024 was Logan Stone Capital, an estimated $1.17M added.
  • The largest RiverNorth Opportunistic Municipal Income Fund seller in Q4 2024 was NewEdge Wealth, an estimated $406K sold.

Based on aggregated 13F filings for Q4 2024.