RiverNorth Managed Duration Municipal Income Fund
RMM
40 hedge funds and large institutions have $41.4M invested in RiverNorth Managed Duration Municipal Income Fund in 2023 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 10 increasing their positions, 11 reducing their positions, and 1 closing their positions.
900% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 1
29% more funds holding
Funds holding: 31 → 40 (+9)
23% more capital invested
Capital invested by funds: $33.6M → $41.4M (+$7.86M)
2.4% more ownership
Funds ownership: 12.39% → 14.79% (+2.4%)
9% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$2.02M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.22M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$953K |
| 4 |
PMG
ProVise Management Group
Clearwater,
Florida
|
+$725K |
| 5 |
EC
Elequin Capital
New York
|
+$465K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$414K |
| 2 |
Morgan Stanley
New York
|
-$290K |
| 3 |
Truist Financial
Charlotte,
North Carolina
|
-$143K |
| 4 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
-$119K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$116K |
RMM Hedge Fund Activity: Q4 2023 in Review
40 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Managed Duration Municipal Income Fund (RMM) for Q4 2023, worth a combined $41.4M — up 23% from $33.6M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new RMM positions and 1 closed out — a net gain of 9 holders — while 10 added to existing stakes and 11 trimmed.
The largest buyer was Logan Stone Capital, opening a new position worth an estimated $2.02M. The largest seller was LPL Financial, cutting an estimated $414K.
- 40 institutional investors held RiverNorth Managed Duration Municipal Income Fund (RMM) as of Q4 2023, up from 31 in Q3 2023.
- Funds reported $41.4M of RiverNorth Managed Duration Municipal Income Fund stock for Q4 2023, up 23% quarter-over-quarter.
- 10 funds opened new RiverNorth Managed Duration Municipal Income Fund positions in Q4 2023 and 1 closed out, a net change of +9 holders.
- The largest RiverNorth Managed Duration Municipal Income Fund buyer in Q4 2023 was Logan Stone Capital, an estimated $2.02M added.
- The largest RiverNorth Managed Duration Municipal Income Fund seller in Q4 2023 was LPL Financial, an estimated $414K sold.
Based on aggregated 13F filings for Q4 2023.