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RMM

RiverNorth Managed Duration Municipal Income Fund
RMM

50 hedge funds and large institutions have $48.1M invested in RiverNorth Managed Duration Municipal Income Fund in 2026 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 18 increasing their positions, 14 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 14

6% more capital invested

Capital invested by funds: $45.5M → $48.1M (+$2.6M)

0.85% more ownership

Funds ownership: 16.93% → 17.78% (+0.85%)

9% less funds holding

Funds holding: 55 → 50 (-5)

40% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 10

Holders
50
Holders Change
-5
Holders Change %
-9.09%
% of All Funds
0.62%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
18
Reduced
14
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AWA
Arkadios Wealth Advisors
Georgia
+$1.53M
2
GC
Guggenheim Capital
Illinois
+$1.5M
3
GWP
Gateway Wealth Partners
Wisconsin
+$1.04M
4
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$528K
5
RCM
Robinson Capital Management
Michigan
+$516K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.27M
2
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$622K
3
LSC
Logan Stone Capital
Illinois
-$531K
4
RAM
Readystate Asset Management
Illinois
-$368K
5
Stifel Financial
Stifel Financial
Missouri
-$296K
Name Holding Trade Value Shares
Change 		Change in
Stake
Janney Montgomery Scott
26
Janney Montgomery Scott
Pennsylvania
$356K +$21.2K +1,500 +6%
SWP
27
Stratos Wealth Partners
Ohio
$341K +$7.98K +565 +2%
AHL
28
Abel Hall LLC
Louisiana
$273K – – –
RSA
29
River Street Advisors
Illinois
$269K – – –
Commonwealth Equity Services
30
Commonwealth Equity Services
Massachusetts
$255K -$19.3K -1,369 -7%
NA
31
NewEdge Advisors
Louisiana
$243K +$24K +1,700 +11%
RCM
32
Rivernorth Capital Management
Florida
$182K +$189K +13,382 New
AWM
33
AE Wealth Management
Kansas
$181K – – –
CW
34
CreativeOne Wealth
Kansas
$177K +$2.18K +154 +1%
CEFA
35
Closed-End Fund Advisors
Virginia
$162K – – –
MWM
36
Melfa Wealth Management
Massachusetts
$150K +$367 +26 +0.2%
PI
37
PFG Investments
New York
$142K +$99 +7 +0.1%
NWMP
38
Noble Wealth Management PBC
Colorado
$93.1K -$6.67K -472 -6%
EWA
39
EverSource Wealth Advisors
Alabama
$81.8K – – –
Fifth Third Bancorp
40
Fifth Third Bancorp
Ohio
$81.8K +$84.8K +6,000 New
SPIA
41
Steward Partners Investment Advisory
New York
$81.2K -$38.1K -2,696 -31%
ASN
42
Advisory Services Network
Georgia
$64.9K +$67.3K +4,760 New
AIS
43
Advocate Investing Services
Maryland
$34.1K – – –
US Bancorp
44
US Bancorp
Minnesota
$27.3K – – –
OCM
45
Osbon Capital Management
Massachusetts
$26.2K +$27.1K +1,919 New
HI
46
Harbour Investments
Wisconsin
$17K – – –
BONH
47
Bank of New Hampshire
New Hampshire
$6.82K – – –
WBC
48
West Branch Capital
Massachusetts
$6.82K – – –
HWP
49
Highline Wealth Partners
California
$6.13K – – –
HCM
50
Hollencrest Capital Management
California
$3.34K – – –
1
2
3

RMM Hedge Fund Activity: Q1 2026 in Review

50 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Managed Duration Municipal Income Fund (RMM) for Q1 2026, worth a combined $48.1M — up 5.7% from $45.5M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of RMM and 6 opened new positions — a net loss of 4 holders — while 14 trimmed existing stakes and 18 added.

The largest buyer was Arkadios Wealth Advisors, opening a new position worth an estimated $1.53M. The largest seller was Morgan Stanley, cutting an estimated $1.27M.

  • 50 institutional investors held RiverNorth Managed Duration Municipal Income Fund (RMM) as of Q1 2026, down from 55 in Q4 2025.
  • Funds reported $48.1M of RiverNorth Managed Duration Municipal Income Fund stock for Q1 2026, up 5.7% quarter-over-quarter.
  • 6 funds opened new RiverNorth Managed Duration Municipal Income Fund positions in Q1 2026 and 10 closed out, a net change of -4 holders.
  • The largest RiverNorth Managed Duration Municipal Income Fund buyer in Q1 2026 was Arkadios Wealth Advisors, an estimated $1.53M added.
  • The largest RiverNorth Managed Duration Municipal Income Fund seller in Q1 2026 was Morgan Stanley, an estimated $1.27M sold.

Based on aggregated 13F filings for Q1 2026.