RiverNorth Managed Duration Municipal Income Fund
RMM
39 hedge funds and large institutions have $51.5M invested in RiverNorth Managed Duration Municipal Income Fund in 2024 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 16 increasing their positions, 9 reducing their positions, and 6 closing their positions.
78% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 9
5% more capital invested
Capital invested by funds: $49M → $51.5M (+$2.45M)
0.05% less ownership
Funds ownership: 16.28% → 16.23% (-0.05%)
9% less funds holding
Funds holding: 43 → 39 (-4)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
+$1.4M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$699K |
| 3 |
WIA
World Investment Advisors
Santa Barbara,
California
|
+$412K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$162K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$148K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$1.11M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$532K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$481K |
| 4 |
Morgan Stanley
New York
|
-$453K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$230K |
RMM Hedge Fund Activity: Q3 2024 in Review
39 of the 6,978 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Managed Duration Municipal Income Fund (RMM) for Q3 2024, worth a combined $51.5M — up 5% from $49M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of RMM and 2 opened new positions — a net loss of 4 holders — while 9 trimmed existing stakes and 16 added.
The largest buyer was Stifel Financial, adding an estimated $1.4M. The largest seller was Logan Stone Capital, exiting entirely with an estimated $1.11M sold.
- 39 institutional investors held RiverNorth Managed Duration Municipal Income Fund (RMM) as of Q3 2024, down from 43 in Q2 2024.
- Funds reported $51.5M of RiverNorth Managed Duration Municipal Income Fund stock for Q3 2024, up 5% quarter-over-quarter.
- 2 funds opened new RiverNorth Managed Duration Municipal Income Fund positions in Q3 2024 and 6 closed out, a net change of -4 holders.
- The largest RiverNorth Managed Duration Municipal Income Fund buyer in Q3 2024 was Stifel Financial, an estimated $1.4M added.
- The largest RiverNorth Managed Duration Municipal Income Fund seller in Q3 2024 was Logan Stone Capital, an estimated $1.11M sold.
Based on aggregated 13F filings for Q3 2024.