RiverNorth Managed Duration Municipal Income Fund
RMM
31 hedge funds and large institutions have $37.3M invested in RiverNorth Managed Duration Municipal Income Fund in 2023 Q2 according to their latest regulatory filings, with 0 funds opening new positions, 13 increasing their positions, 11 reducing their positions, and 3 closing their positions.
22% more capital invested
Capital invested by funds: $30.5M → $37.3M (+$6.75M)
18% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 11
2.21% more ownership
Funds ownership: 10.27% → 12.48% (+2.2%)
9% less funds holding
Funds holding: 34 → 31 (-3)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
+$4.59M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$720K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$601K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$388K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
+$347K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$417K |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$317K |
| 3 |
XF
XML Financial
Bethesda,
Maryland
|
-$145K |
| 4 |
BAM
Belpointe Asset Management
Reno,
Nevada
|
-$123K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$93.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KCPG
26
Kavar Capital Partners Group
Leawood,
Kansas
| $175K | -$13.3K | -875 | -7% |
|
|
MWM
27
Melfa Wealth Management
Westborough,
Massachusetts
| $164K | – | – | – |
|
|
PA
28
Parallel Advisors
San Francisco,
California
| $51K | +$9.91K | +650 | +24% |
|
|
HI
29
Harbour Investments
Madison,
Wisconsin
| $18.9K | – | – | – |
|
|
WBC
30
West Branch Capital
Amherst,
Massachusetts
| $7.57K | – | – | – |
|
|
HCM
31
Hollencrest Capital Management
Newport Beach,
California
| $3.71K | – | – | – |
|
|
RCM
32
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$317K | -20,935 | Closed |
|
|
BAM
33
Belpointe Asset Management
Reno,
Nevada
| – | -$123K | -8,150 | Closed |
|
34
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$13K | -845 | Closed |
|
RMM Hedge Fund Activity: Q2 2023 in Review
31 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Managed Duration Municipal Income Fund (RMM) for Q2 2023, worth a combined $37.3M — up 22% from $30.5M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of RMM and 0 opened new positions — a net loss of 3 holders — while 11 trimmed existing stakes and 13 added.
The largest buyer was Stratos Wealth Partners, adding an estimated $4.59M. The largest seller was Morgan Stanley, cutting an estimated $417K.
- 31 institutional investors held RiverNorth Managed Duration Municipal Income Fund (RMM) as of Q2 2023, down from 34 in Q1 2023.
- Funds reported $37.3M of RiverNorth Managed Duration Municipal Income Fund stock for Q2 2023, up 22% quarter-over-quarter.
- 0 funds opened new RiverNorth Managed Duration Municipal Income Fund positions in Q2 2023 and 3 closed out, a net change of -3 holders.
- The largest RiverNorth Managed Duration Municipal Income Fund buyer in Q2 2023 was Stratos Wealth Partners, an estimated $4.59M added.
- The largest RiverNorth Managed Duration Municipal Income Fund seller in Q2 2023 was Morgan Stanley, an estimated $417K sold.
Based on aggregated 13F filings for Q2 2023.