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RMM

RiverNorth Managed Duration Municipal Income Fund
RMM

46 hedge funds and large institutions have $46.3M invested in RiverNorth Managed Duration Municipal Income Fund in 2024 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 12 increasing their positions, 13 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 3

18% more funds holding

Funds holding: 39 → 46 (+7)

0.05% more ownership

Funds ownership: 16.23% → 16.27% (+0.05%)

8% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 13

10% less capital invested

Capital invested by funds: $51.5M → $46.3M (-$5.17M)

Holders
46
Holders Change
+7
Holders Change %
+17.95%
% of All Funds
0.61%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
12
Reduced
13
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$1.84M
2
LSC
Logan Stone Capital
Illinois
+$1.28M
3
IAA
Independent Advisor Alliance
North Carolina
+$459K
4
AWM
Apollon Wealth Management
South Carolina
+$433K
5
RAM
Readystate Asset Management
Illinois
+$413K

Top Sellers

Rank Fund Capital Flow
1
KAS
Kestra Advisory Services
Texas
-$2.63M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$911K
3
Morgan Stanley
Morgan Stanley
New York
-$758K
4
Stifel Financial
Stifel Financial
Missouri
-$475K
5
Wells Fargo
Wells Fargo
California
-$448K
Name Holding Trade Value Shares
Change 		Change in
Stake
Nomura Holdings
26
Nomura Holdings
Japan
$280K +$302K +19,447 New
WS
27
Wedbush Securities
California
$278K +$54.3K +3,503 +22%
HF
28
HRT Financial
New York
$225K +$243K +15,667 New
NA
29
NewEdge Advisors
Louisiana
$225K -$131K -8,415 -35%
BRWA
30
B. Riley Wealth Advisors
Florida
$214K -$19.4K -1,250 -8%
Janney Montgomery Scott
31
Janney Montgomery Scott
Pennsylvania
$206K – – –
TPWM
32
Twelve Points Wealth Management
Massachusetts
$197K -$5.12K -330 -2%
AWM
33
AE Wealth Management
Kansas
$191K – – –
CW
34
CreativeOne Wealth
Kansas
$176K +$2.16K +139 +1%
MWM
35
Melfa Wealth Management
Massachusetts
$156K – – –
LCM
36
Landscape Capital Management
New Jersey
$152K +$164K +10,550 New
SPIA
37
Steward Partners Investment Advisory
New York
$149K -$20.9K -1,345 -12%
WAM
38
Wolverine Asset Management
Illinois
$122K +$131K +8,433 New
NWMP
39
Noble Wealth Management PBC
Colorado
$93.7K +$101K +6,500 New
Osaic Holdings
40
Osaic Holdings
Arizona
$45.4K +$44.4K +2,862 +1,004%
WBC
41
West Branch Capital
Massachusetts
$21.6K +$15.5K +1,000 +200%
Northwestern Mutual Wealth Management
42
Northwestern Mutual Wealth Management
Wisconsin
$21.6K +$23.3K +1,500 New
HI
43
Harbour Investments
Wisconsin
$18K – – –
HCM
44
Hollencrest Capital Management
California
$3.53K – – –
EC
45
Elequin Capital
New York
$2.88K +$3.1K +200 New
Comerica Bank
46
Comerica Bank
Texas
$2.05K – – –
KAS
47
Kestra Advisory Services
Texas
– -$2.63M -163,720 Closed
CAM
48
Cresset Asset Management
Illinois
– -$212K -13,200 Closed
Envestnet Asset Management
49
Envestnet Asset Management
Illinois
– -$167K -10,406 Closed
1
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RMM Hedge Fund Activity: Q4 2024 in Review

46 of the 7,593 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Managed Duration Municipal Income Fund (RMM) for Q4 2024, worth a combined $46.3M — down 10% from $51.5M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new RMM positions and 3 closed out — a net gain of 9 holders — while 12 added to existing stakes and 13 trimmed.

The largest buyer was UBS Group, adding an estimated $1.84M. The largest seller was Kestra Advisory Services, exiting entirely with an estimated $2.63M sold.

  • 46 institutional investors held RiverNorth Managed Duration Municipal Income Fund (RMM) as of Q4 2024, up from 39 in Q3 2024.
  • Funds reported $46.3M of RiverNorth Managed Duration Municipal Income Fund stock for Q4 2024, down 10% quarter-over-quarter.
  • 12 funds opened new RiverNorth Managed Duration Municipal Income Fund positions in Q4 2024 and 3 closed out, a net change of +9 holders.
  • The largest RiverNorth Managed Duration Municipal Income Fund buyer in Q4 2024 was UBS Group, an estimated $1.84M added.
  • The largest RiverNorth Managed Duration Municipal Income Fund seller in Q4 2024 was Kestra Advisory Services, an estimated $2.63M sold.

Based on aggregated 13F filings for Q4 2024.