RiverNorth Managed Duration Municipal Income Fund
RMM
33 hedge funds and large institutions have $31.6M invested in RiverNorth Managed Duration Municipal Income Fund in 2022 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 11 increasing their positions, 13 reducing their positions, and 3 closing their positions.
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
18% more funds holding
Funds holding: 28 → 33 (+5)
9% more capital invested
Capital invested by funds: $29.1M → $31.6M (+$2.57M)
1.06% more ownership
Funds ownership: 10.07% → 11.13% (+1.1%)
15% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$2.23M |
| 2 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
+$1.32M |
| 3 |
LPL Financial
San Diego,
California
|
+$1.18M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.13M |
| 5 |
Morgan Stanley
New York
|
+$808K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$1.74M |
| 2 |
MC
Moors & Cabot
Boston,
Massachusetts
|
-$692K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$611K |
| 4 |
SIC
Samalin Investment Counsel
Chappaqua,
New York
|
-$420K |
| 5 |
HWM
Howard Wealth Management
Madison,
Connecticut
|
-$418K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WS
26
Wedbush Securities
Los Angeles,
California
| $147K | -$11.6K | -794 | -7% |
|
|
BAM
27
Belpointe Asset Management
Reno,
Nevada
| $88.6K | +$89.6K | +6,150 | New |
|
|
NA
28
NewEdge Advisors
New Orleans,
Louisiana
| $72K | +$72.8K | +5,000 | New |
|
|
WAM
29
Wolverine Asset Management
Chicago,
Illinois
| $49K | +$49.6K | +3,406 | New |
|
30
Bank of America
Charlotte,
North Carolina
| $25.2K | -$302K | -20,750 | -92% |
|
|
HI
31
Harbour Investments
Madison,
Wisconsin
| $18K | -$34.3K | -2,353 | -65% |
|
|
WBC
32
West Branch Capital
Amherst,
Massachusetts
| $7.2K | +$7.28K | +500 | New |
|
|
HCM
33
Hollencrest Capital Management
Newport Beach,
California
| $3.53K | +$3.57K | +245 | New |
|
|
HWM
34
Howard Wealth Management
Madison,
Connecticut
| – | -$418K | -28,615 | Closed |
|
|
MA
35
Mutual Advisors
Omaha,
Nebraska
| – | -$201K | -13,740 | Closed |
|
|
TRCT
36
Tower Research Capital (TRC)
New York
| – | -$4K | -243 | Closed |
|
RMM Hedge Fund Activity: Q4 2022 in Review
33 of the 6,222 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Managed Duration Municipal Income Fund (RMM) for Q4 2022, worth a combined $31.6M — up 8.8% from $29.1M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new RMM positions and 3 closed out — a net gain of 5 holders — while 11 added to existing stakes and 13 trimmed.
The largest buyer was Logan Stone Capital, opening a new position worth an estimated $2.23M. The largest seller was UBS Group, cutting an estimated $1.74M.
- 33 institutional investors held RiverNorth Managed Duration Municipal Income Fund (RMM) as of Q4 2022, up from 28 in Q3 2022.
- Funds reported $31.6M of RiverNorth Managed Duration Municipal Income Fund stock for Q4 2022, up 8.8% quarter-over-quarter.
- 8 funds opened new RiverNorth Managed Duration Municipal Income Fund positions in Q4 2022 and 3 closed out, a net change of +5 holders.
- The largest RiverNorth Managed Duration Municipal Income Fund buyer in Q4 2022 was Logan Stone Capital, an estimated $2.23M added.
- The largest RiverNorth Managed Duration Municipal Income Fund seller in Q4 2022 was UBS Group, an estimated $1.74M sold.
Based on aggregated 13F filings for Q4 2022.