RiverNorth Managed Duration Municipal Income Fund
RMM
52 hedge funds and large institutions have $55.9M invested in RiverNorth Managed Duration Municipal Income Fund in 2026 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 17 increasing their positions, 13 reducing their positions, and 5 closing their positions.
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
31% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 13
16% more capital invested
Capital invested by funds: $48.1M → $55.9M (+$7.84M)
4% more funds holding
Funds holding: 50 → 52 (+2)
1.38% more ownership
Funds ownership: 17.78% → 19.16% (+1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.79M |
| 2 |
AAP
Arax Advisory Partners
Denver,
Colorado
|
+$2.4M |
| 3 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$2.38M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$894K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$381K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWA
Arkadios Wealth Advisors
Atlanta,
Georgia
|
-$1.47M |
| 2 |
GWP
Gateway Wealth Partners
Appleton,
Wisconsin
|
-$829K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$316K |
| 4 |
XF
XML Financial
Bethesda,
Maryland
|
-$237K |
| 5 |
SIC
Samalin Investment Counsel
Chappaqua,
New York
|
-$231K |
RMM Hedge Fund Activity: Q2 2026 in Review
52 of the 8,318 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Managed Duration Municipal Income Fund (RMM) for Q2 2026, worth a combined $55.9M — up 16% from $48.1M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new RMM positions and 5 closed out — a net gain of 3 holders — while 17 added to existing stakes and 13 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $2.79M. The largest seller was Arkadios Wealth Advisors, exiting entirely with an estimated $1.47M sold.
- 52 institutional investors held RiverNorth Managed Duration Municipal Income Fund (RMM) as of Q2 2026, up from 50 in Q1 2026.
- Funds reported $55.9M of RiverNorth Managed Duration Municipal Income Fund stock for Q2 2026, up 16% quarter-over-quarter.
- 8 funds opened new RiverNorth Managed Duration Municipal Income Fund positions in Q2 2026 and 5 closed out, a net change of +3 holders.
- The largest RiverNorth Managed Duration Municipal Income Fund buyer in Q2 2026 was Guggenheim Capital, an estimated $2.79M added.
- The largest RiverNorth Managed Duration Municipal Income Fund seller in Q2 2026 was Arkadios Wealth Advisors, an estimated $1.47M sold.
Based on aggregated 13F filings for Q2 2026.