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RMM

RiverNorth Managed Duration Municipal Income Fund
RMM

49 hedge funds and large institutions have $41.4M invested in RiverNorth Managed Duration Municipal Income Fund in 2025 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 15 increasing their positions, 13 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

15% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 13

0% more funds holding

Funds holding: 49 → 49 (0)

0% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 10

4.48% less ownership

Funds ownership: 19.32% → 14.84% (-4.5%)

19% less capital invested

Capital invested by funds: $51.1M → $41.4M (-$9.71M)

Holders
49
Holders Change
–
Holders Change %
0%
% of All Funds
0.64%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
15
Reduced
13
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIC
Samalin Investment Counsel
New York
+$808K
2
WWMSC
Wagner Wealth Management (South Carolina)
South Carolina
+$679K
3
GWP
Gateway Wealth Partners
Wisconsin
+$551K
4
Jane Street
Jane Street
New York
+$427K
5
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$376K

Top Sellers

Rank Fund Capital Flow
1
SWP
Stratos Wealth Partners
Ohio
-$5M
2
RCM
Robinson Capital Management
Michigan
-$3.85M
3
LSC
Logan Stone Capital
Illinois
-$1.46M
4
UBS Group
UBS Group
Switzerland
-$1.28M
5
Stifel Financial
Stifel Financial
Missouri
-$928K
Name Holding Trade Value Shares
Change 		Change in
Stake
RSA
26
River Street Advisors
Illinois
$279K – – –
SPIA
27
Steward Partners Investment Advisory
New York
$257K +$220 +16 +0.1%
Janney Montgomery Scott
28
Janney Montgomery Scott
Pennsylvania
$243K -$1.43K -104 -0.6%
Commonwealth Equity Services
29
Commonwealth Equity Services
Massachusetts
$243K +$25K +1,816 +12%
BRWA
30
B. Riley Wealth Advisors
Florida
$229K – – –
Balyasny Asset Management
31
Balyasny Asset Management
Illinois
$228K -$5.35K -389 -2%
NA
32
NewEdge Advisors
Louisiana
$223K -$13.8K -1,000 -6%
TPWM
33
Twelve Points Wealth Management
Massachusetts
$194K – – –
AWM
34
AE Wealth Management
Kansas
$188K – – –
CW
35
CreativeOne Wealth
Kansas
$179K +$2.23K +162 +1%
MWM
36
Melfa Wealth Management
Massachusetts
$155K +$385 +28 +0.3%
Cetera Investment Advisers
37
Cetera Investment Advisers
Illinois
$151K +$147K +10,707 New
PI
38
PFG Investments
New York
$151K +$5.06K +368 +4%
NWMP
39
Noble Wealth Management PBC
Colorado
$96.5K +$93.9K +6,828 New
Comerica Bank
40
Comerica Bank
Texas
$84.8K -$1.95K -142 -2%
EWA
41
EverSource Wealth Advisors
Alabama
$70.7K +$68.8K +5,000 New
ASN
42
Advisory Services Network
Georgia
$62.5K +$60.8K +4,420 New
NFSG
43
Newbridge Financial Services Group
Florida
$21.2K – – –
HI
44
Harbour Investments
Wisconsin
$17.7K – – –
US Bancorp
45
US Bancorp
Minnesota
$14.1K +$13.8K +1,000 New
BONH
46
Bank of New Hampshire
New Hampshire
$7.07K – – –
WBC
47
West Branch Capital
Massachusetts
$7.07K – – –
HWP
48
Highline Wealth Partners
California
$6.36K +$6.19K +450 New
HCM
49
Hollencrest Capital Management
California
$3.46K – – –
AF
50
Allworth Financial
California
$6 – – –
1
2
3

RMM Hedge Fund Activity: Q3 2025 in Review

49 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Managed Duration Municipal Income Fund (RMM) for Q3 2025, worth a combined $41.4M — down 19% from $51.1M a quarter earlier.

Fund positioning in RMM was balanced in Q3 2025: 10 funds opened new positions, 10 closed out, 15 added to existing stakes and 13 trimmed.

The largest buyer was Samalin Investment Counsel, opening a new position worth an estimated $808K. The largest seller was Stratos Wealth Partners, cutting an estimated $5M.

  • 49 institutional investors held RiverNorth Managed Duration Municipal Income Fund (RMM) as of Q3 2025, unchanged from Q2 2025.
  • Funds reported $41.4M of RiverNorth Managed Duration Municipal Income Fund stock for Q3 2025, down 19% quarter-over-quarter.
  • 10 funds opened new RiverNorth Managed Duration Municipal Income Fund positions in Q3 2025 and 10 closed out, a net change of 0 holders.
  • The largest RiverNorth Managed Duration Municipal Income Fund buyer in Q3 2025 was Samalin Investment Counsel, an estimated $808K added.
  • The largest RiverNorth Managed Duration Municipal Income Fund seller in Q3 2025 was Stratos Wealth Partners, an estimated $5M sold.

Based on aggregated 13F filings for Q3 2025.