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RMM

RiverNorth Managed Duration Municipal Income Fund
RMM

55 hedge funds and large institutions have $45.5M invested in RiverNorth Managed Duration Municipal Income Fund in 2025 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 24 increasing their positions, 10 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

140% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 10

100% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 6

12% more funds holding

Funds holding: 49 → 55 (+6)

10% more capital invested

Capital invested by funds: $41.4M → $45.5M (+$4.07M)

2.09% more ownership

Funds ownership: 14.84% → 16.93% (+2.1%)

Holders
55
Holders Change
+6
Holders Change %
+12.24%
% of All Funds
0.67%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
24
Reduced
10
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
+$3.5M
2
AAM
Advisors Asset Management
Colorado
+$1.73M
3
OC
Oppenheimer & Co
New York
+$675K
4
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$661K
5
LSC
Logan Stone Capital
Illinois
+$545K

Top Sellers

Rank Fund Capital Flow
1
Stifel Financial
Stifel Financial
Missouri
-$1.64M
2
Wells Fargo
Wells Fargo
California
-$1.58M
3
UBS Group
UBS Group
Switzerland
-$684K
4
Truist Financial
Truist Financial
North Carolina
-$486K
5
AWE
Avidian Wealth Enterprises
Texas
-$339K
Name Holding Trade Value Shares
Change 		Change in
Stake
Janney Montgomery Scott
26
Janney Montgomery Scott
Pennsylvania
$335K +$103K +7,400 +43%
SWP
27
Stratos Wealth Partners
Ohio
$332K +$3.24K +232 +1%
WAM
28
Wolverine Asset Management
Illinois
$278K +$285K +20,447 New
Commonwealth Equity Services
29
Commonwealth Equity Services
Massachusetts
$273K +$39.7K +2,842 +17%
AHL
30
Abel Hall LLC
Louisiana
$272K – – –
RSA
31
River Street Advisors
Illinois
$268K – – –
HighTower Advisors
32
HighTower Advisors
Illinois
$266K +$273K +19,569 New
Susquehanna International Group
33
Susquehanna International Group
Pennsylvania
$226K +$232K +16,581 New
NA
34
NewEdge Advisors
Louisiana
$220K +$5.58K +400 +3%
Jane Street
35
Jane Street
New York
$201K -$227K -16,275 -52%
LCM
36
Landscape Capital Management
New Jersey
$194K +$199K +14,233 New
AWM
37
AE Wealth Management
Kansas
$181K – – –
CW
38
CreativeOne Wealth
Kansas
$175K +$2.28K +163 +1%
CEFA
39
Closed-End Fund Advisors
Virginia
$162K +$166K +11,904 New
MWM
40
Melfa Wealth Management
Massachusetts
$149K +$391 +28 +0.3%
Cetera Investment Advisers
41
Cetera Investment Advisers
Illinois
$146K +$251 +18 +0.2%
PI
42
PFG Investments
New York
$142K -$3.49K -250 -2%
SPIA
43
Steward Partners Investment Advisory
New York
$118K -$133K -9,535 -52%
NWMP
44
Noble Wealth Management PBC
Colorado
$99.4K +$6.59K +472 +7%
Comerica Bank
45
Comerica Bank
Texas
$81.7K – – –
EWA
46
EverSource Wealth Advisors
Alabama
$81.7K +$14K +1,000 +20%
KAS
47
Kestra Advisory Services
Texas
$67K +$68.7K +4,923 New
AIS
48
Advocate Investing Services
Maryland
$34K +$34.9K +2,500 New
US Bancorp
49
US Bancorp
Minnesota
$27.2K +$14K +1,000 +100%
Bank of America
50
Bank of America
North Carolina
$27.2K +$27.9K +2,000 New
1
2
3

RMM Hedge Fund Activity: Q4 2025 in Review

55 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Managed Duration Municipal Income Fund (RMM) for Q4 2025, worth a combined $45.5M — up 9.8% from $41.4M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new RMM positions and 6 closed out — a net gain of 6 holders — while 24 added to existing stakes and 10 trimmed.

The largest buyer was Robinson Capital Management, adding an estimated $3.5M. The largest seller was Stifel Financial, cutting an estimated $1.64M.

  • 55 institutional investors held RiverNorth Managed Duration Municipal Income Fund (RMM) as of Q4 2025, up from 49 in Q3 2025.
  • Funds reported $45.5M of RiverNorth Managed Duration Municipal Income Fund stock for Q4 2025, up 9.8% quarter-over-quarter.
  • 12 funds opened new RiverNorth Managed Duration Municipal Income Fund positions in Q4 2025 and 6 closed out, a net change of +6 holders.
  • The largest RiverNorth Managed Duration Municipal Income Fund buyer in Q4 2025 was Robinson Capital Management, an estimated $3.5M added.
  • The largest RiverNorth Managed Duration Municipal Income Fund seller in Q4 2025 was Stifel Financial, an estimated $1.64M sold.

Based on aggregated 13F filings for Q4 2025.