RiverNorth Managed Duration Municipal Income Fund
RMM
42 hedge funds and large institutions have $52.4M invested in RiverNorth Managed Duration Municipal Income Fund in 2025 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 25 increasing their positions, 6 reducing their positions, and 5 closing their positions.
317% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 6
13% more capital invested
Capital invested by funds: $46.3M → $52.4M (+$6.08M)
2.26% more ownership
Funds ownership: 16.27% → 18.54% (+2.3%)
9% less funds holding
Funds holding: 46 → 42 (-4)
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$2.43M |
| 2 |
WIA
World Investment Advisors
Santa Barbara,
California
|
+$1.36M |
| 3 |
GS
GTS Securities
Miami,
Florida
|
+$1.01M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$769K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$383K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$427K |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
-$280K |
| 3 |
HF
HRT Financial
New York
|
-$225K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$138K |
| 5 |
RAM
Readystate Asset Management
Chicago,
Illinois
|
-$58K |
RMM Hedge Fund Activity: Q1 2025 in Review
42 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Managed Duration Municipal Income Fund (RMM) for Q1 2025, worth a combined $52.4M — up 13% from $46.3M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of RMM and 2 opened new positions — a net loss of 3 holders — while 6 trimmed existing stakes and 25 added.
The largest buyer was Robinson Capital Management, adding an estimated $2.43M. The largest seller was Independent Advisor Alliance, exiting entirely with an estimated $427K sold.
- 42 institutional investors held RiverNorth Managed Duration Municipal Income Fund (RMM) as of Q1 2025, down from 46 in Q4 2024.
- Funds reported $52.4M of RiverNorth Managed Duration Municipal Income Fund stock for Q1 2025, up 13% quarter-over-quarter.
- 2 funds opened new RiverNorth Managed Duration Municipal Income Fund positions in Q1 2025 and 5 closed out, a net change of -3 holders.
- The largest RiverNorth Managed Duration Municipal Income Fund buyer in Q1 2025 was Robinson Capital Management, an estimated $2.43M added.
- The largest RiverNorth Managed Duration Municipal Income Fund seller in Q1 2025 was Independent Advisor Alliance, an estimated $427K sold.
Based on aggregated 13F filings for Q1 2025.