RiverNorth Managed Duration Municipal Income Fund
RMM
43 hedge funds and large institutions have $45.8M invested in RiverNorth Managed Duration Municipal Income Fund in 2024 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 13 reducing their positions, and 4 closing their positions.
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
11% more capital invested
Capital invested by funds: $41.4M → $45.8M (+$4.37M)
8% more funds holding
Funds holding: 40 → 43 (+3)
0.72% more ownership
Funds ownership: 14.79% → 15.51% (+0.72%)
0% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.29M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.17M |
| 3 |
Morgan Stanley
New York
|
+$763K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$366K |
| 5 |
OC
Oppenheimer & Co
New York
|
+$353K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$993K |
| 2 |
EC
Elequin Capital
New York
|
-$477K |
| 3 |
MG
Marex Group
London,
|
-$470K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$304K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$297K |
RMM Hedge Fund Activity: Q1 2024 in Review
43 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Managed Duration Municipal Income Fund (RMM) for Q1 2024, worth a combined $45.8M — up 11% from $41.4M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new RMM positions and 4 closed out — a net gain of 3 holders — while 13 added to existing stakes and 13 trimmed.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $1.29M. The largest seller was Logan Stone Capital, cutting an estimated $993K.
- 43 institutional investors held RiverNorth Managed Duration Municipal Income Fund (RMM) as of Q1 2024, up from 40 in Q4 2023.
- Funds reported $45.8M of RiverNorth Managed Duration Municipal Income Fund stock for Q1 2024, up 11% quarter-over-quarter.
- 7 funds opened new RiverNorth Managed Duration Municipal Income Fund positions in Q1 2024 and 4 closed out, a net change of +3 holders.
- The largest RiverNorth Managed Duration Municipal Income Fund buyer in Q1 2024 was Robinson Capital Management, an estimated $1.29M added.
- The largest RiverNorth Managed Duration Municipal Income Fund seller in Q1 2024 was Logan Stone Capital, an estimated $993K sold.
Based on aggregated 13F filings for Q1 2024.