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RMI

RiverNorth Opportunistic Municipal Income Fund
RMI

23 hedge funds and large institutions have $22.1M invested in RiverNorth Opportunistic Municipal Income Fund in 2025 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 10 increasing their positions, 5 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 5

0% more first-time investments, than exits

New positions opened: 2 | Existing positions closed: 2

0.88% less ownership

Funds ownership: 24.1% → 23.22% (-0.88%)

5% less capital invested

Capital invested by funds: $23.2M → $22.1M (-$1.04M)

4% less funds holding

Funds holding: 24 → 23 (-1)

Holders
23
Holders Change
-1
Holders Change %
-4.17%
% of All Funds
0.31%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
10
Reduced
5
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RCM
Robinson Capital Management
Michigan
+$790K
2
UBS Group
UBS Group
Switzerland
+$261K
3
ARC
Advisor Resource Council
Texas
+$244K
4
AWM
Apollon Wealth Management
South Carolina
+$214K
5
Osaic Holdings
Osaic Holdings
Arizona
+$128K

Top Sellers

1
WAM
Wolverine Asset Management
Illinois
-$1.05M
2
IAA
Independent Advisor Alliance
North Carolina
-$629K
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$253K
4
SWP
Stratos Wealth Partners
Ohio
-$171K
5
Nomura Holdings
Nomura Holdings
Japan
-$167K
Name Holding Trade Value Shares
Change 		Change in
Stake
SWP
1
Stratos Wealth Partners
Ohio
$7.05M -$171K -11,070 -2%
UBS Group
2
UBS Group
Switzerland
$2.62M +$261K +16,871 +11%
Wells Fargo
3
Wells Fargo
California
$2.07M +$7.43K +480 +0.3%
Royal Bank of Canada
4
Royal Bank of Canada
Ontario, Canada
$1.8M -$253K -16,325 -12%
LSC
5
Logan Stone Capital
Illinois
$1.63M -$57.5K -3,716 -3%
Morgan Stanley
6
Morgan Stanley
New York
$1.63M -$55.8K -3,607 -3%
RCM
7
Robinson Capital Management
Michigan
$1.45M +$790K +51,059 +110%
PFS
8
Prospera Financial Services
Texas
$501K +$50.3K +3,251 +11%
CWS
9
Cypress Wealth Services
California
$485K – – –
LPL Financial
10
LPL Financial
California
$390K +$23.2K +1,500 +6%
AWM
11
Apollon Wealth Management
South Carolina
$366K +$214K +13,850 +130%
CIA
12
Concurrent Investment Advisors
Florida
$353K +$71.2K +4,600 +24%
Raymond James Financial
13
Raymond James Financial
Florida
$337K +$3.3K +213 +1%
WAM
14
Wolverine Asset Management
Illinois
$294K -$1.05M -68,092 -78%
ARC
15
Advisor Resource Council
Texas
$235K +$244K +15,750 New
Osaic Holdings
16
Osaic Holdings
Arizona
$203K +$128K +8,249 +154%
XF
17
XML Financial
Maryland
$202K +$7.74K +500 +4%
TPWM
18
Twelve Points Wealth Management
Massachusetts
$152K – – –
MFG
19
Mosaic Financial Group
Illinois
$149K – – –
NWMP
20
Noble Wealth Management PBC
Colorado
$106K – – –
Bank of America
21
Bank of America
North Carolina
$36.4K – – –
AF
22
Atala Financial
California
$28K – – –
EC
23
Elequin Capital
New York
$23.6K +$24.5K +1,583 New
IAA
24
Independent Advisor Alliance
North Carolina
– -$629K -41,741 Closed
Nomura Holdings
25
Nomura Holdings
Japan
– -$167K -11,100 Closed

RMI Hedge Fund Activity: Q1 2025 in Review

23 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunistic Municipal Income Fund (RMI) for Q1 2025, worth a combined $22.1M — down 4.5% from $23.2M a quarter earlier.

Fund positioning in RMI was balanced in Q1 2025: 2 funds opened new positions, 2 closed out, 10 added to existing stakes and 5 trimmed.

The largest buyer was Robinson Capital Management, adding an estimated $790K. The largest seller was Wolverine Asset Management, cutting an estimated $1.05M.

  • 23 institutional investors held RiverNorth Opportunistic Municipal Income Fund (RMI) as of Q1 2025, down from 24 in Q4 2024.
  • Funds reported $22.1M of RiverNorth Opportunistic Municipal Income Fund stock for Q1 2025, down 4.5% quarter-over-quarter.
  • 2 funds opened new RiverNorth Opportunistic Municipal Income Fund positions in Q1 2025 and 2 closed out, a net change of 0 holders.
  • The largest RiverNorth Opportunistic Municipal Income Fund buyer in Q1 2025 was Robinson Capital Management, an estimated $790K added.
  • The largest RiverNorth Opportunistic Municipal Income Fund seller in Q1 2025 was Wolverine Asset Management, an estimated $1.05M sold.

Based on aggregated 13F filings for Q1 2025.