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RMM

RiverNorth Managed Duration Municipal Income Fund
RMM

49 hedge funds and large institutions have $51.1M invested in RiverNorth Managed Duration Municipal Income Fund in 2025 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 20 increasing their positions, 12 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

450% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 2

67% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 12

20% more funds holding

Funds holding: 41 → 49 (+8)

0.86% more ownership

Funds ownership: 18.46% → 19.32% (+0.86%)

2% less capital invested

Capital invested by funds: $52.2M → $51.1M (-$1.04M)

Holders
49
Holders Change
+8
Holders Change %
+19.51%
% of All Funds
0.64%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
20
Reduced
12
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
+$2.64M
2
USCWA
U.S. Capital Wealth Advisors
Texas
+$897K
3
WS
Wedbush Securities
California
+$487K
4
Wells Fargo
Wells Fargo
California
+$349K
5
WWMSC
Wagner Wealth Management (South Carolina)
South Carolina
+$303K

Top Sellers

Rank Fund Capital Flow
1
WIA
World Investment Advisors
California
-$1.37M
2
GS
GTS Securities
New York
-$975K
3
SWP
Stratos Wealth Partners
Ohio
-$703K
4
UBS Group
UBS Group
Switzerland
-$547K
5
Stifel Financial
Stifel Financial
Missouri
-$327K
Name Holding Trade Value Shares
Change 		Change in
Stake
WIA
26
World Investment Advisors
California
$268K -$1.37M -100,800 -83%
RSA
27
River Street Advisors
Illinois
$265K +$268K +19,727 New
CF
28
Cantor Fitzgerald
New York
$260K +$264K +19,393 New
SPIA
29
Steward Partners Investment Advisory
New York
$244K -$2.71K -199 -1%
Janney Montgomery Scott
30
Janney Montgomery Scott
Pennsylvania
$232K +$27.2K +2,000 +13%
NA
31
NewEdge Advisors
Louisiana
$225K +$15.6K +1,150 +7%
Balyasny Asset Management
32
Balyasny Asset Management
Illinois
$221K +$224K +16,488 New
BRWA
33
B. Riley Wealth Advisors
Florida
$217K +$221K +16,206 New
Commonwealth Equity Services
34
Commonwealth Equity Services
Massachusetts
$206K +$209K +15,392 New
HF
35
HRT Financial
New York
$185K +$189K +13,859 New
TPWM
36
Twelve Points Wealth Management
Massachusetts
$184K – – –
AWM
37
AE Wealth Management
Kansas
$178K – – –
RAM
38
Readystate Asset Management
Illinois
$173K -$133K -9,802 -43%
Osaic Holdings
39
Osaic Holdings
Arizona
$173K +$77.6K +5,700 +80%
CW
40
CreativeOne Wealth
Kansas
$168K +$2.2K +162 +1%
AF
41
Atala Financial
California
$148K +$150K +11,003 New
MWM
42
Melfa Wealth Management
Massachusetts
$146K +$381 +28 +0.3%
PI
43
PFG Investments
New York
$138K +$140K +10,305 New
Comerica Bank
44
Comerica Bank
Texas
$82.4K +$81.6K +6,000 +4,225%
NFSG
45
Newbridge Financial Services Group
Florida
$20.1K +$20.4K +1,500 New
HI
46
Harbour Investments
Wisconsin
$16.8K – – –
WBC
47
West Branch Capital
Massachusetts
$6.71K – – –
BONH
48
Bank of New Hampshire
New Hampshire
$6.71K +$6.8K +500 New
HCM
49
Hollencrest Capital Management
California
$3.29K – – –
AF
50
Allworth Financial
California
$6 – – –
1
2
3

RMM Hedge Fund Activity: Q2 2025 in Review

49 of the 7,598 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Managed Duration Municipal Income Fund (RMM) for Q2 2025, worth a combined $51.1M — down 2% from $52.2M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new RMM positions and 2 closed out — a net gain of 9 holders — while 20 added to existing stakes and 12 trimmed.

The largest buyer was Robinson Capital Management, adding an estimated $2.64M. The largest seller was World Investment Advisors, cutting an estimated $1.37M.

  • 49 institutional investors held RiverNorth Managed Duration Municipal Income Fund (RMM) as of Q2 2025, up from 41 in Q1 2025.
  • Funds reported $51.1M of RiverNorth Managed Duration Municipal Income Fund stock for Q2 2025, down 2% quarter-over-quarter.
  • 11 funds opened new RiverNorth Managed Duration Municipal Income Fund positions in Q2 2025 and 2 closed out, a net change of +9 holders.
  • The largest RiverNorth Managed Duration Municipal Income Fund buyer in Q2 2025 was Robinson Capital Management, an estimated $2.64M added.
  • The largest RiverNorth Managed Duration Municipal Income Fund seller in Q2 2025 was World Investment Advisors, an estimated $1.37M sold.

Based on aggregated 13F filings for Q2 2025.