Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

RIVERNORTH OPPORTUNISTIC MUN (RMI)

26 + Investors. Track Smart Money conviction in RMI. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -1
Streak
1Q ▼
Buyers last Q
56%

Smart Money Signals — RMI

Based on 26 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their RMI positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (96% of max)

96% of all-time peak
26 hedge funds hold RMI right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +13% more funds vs a year ago

fund count last 6Q
+3 new funds entered over the past year (+13% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 56% buying

14 buying11 selling
Last quarter: 14 funds bought or added vs 11 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~3 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 2 → 7 → 5 → 3. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

42% of holders stayed for 2+ years

■ 42% conviction (2yr+) ■ 23% medium ■ 35% new
11 out of 26 hedge funds have held RMI for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~3 new funds/quarter

2 → 2 → 7 → 5 → 3 new funds/Q
New funds entering each quarter: 2 → 7 → 5 → 3. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 46% of holders stayed 2+ years

■ 46% veterans ■ 15% 1-2yr ■ 38% new
Of 26 current holders: 12 (46%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 48% AUM from top-100 funds

48% from top-100 AUM funds
8 of 26 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in RMI. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — RMI

In 2026 Q1, 14 hedge funds were net buyers of RMI (3 opened a new position, 11 added to an existing one), while 11 reduced or exited (7 trimmed, 4 sold completely) — a 56% buyer ratio, indicating a slight buying edge. 48% of total institutional value in RMI is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -1 funds (more exits than new entries). Total institutional holders: 26.

Hedge Fund Ownership: RMI

How many hedge funds hold RMI — quarterly history vs. share price
Quarterly hedge fund ownership of RMI vs. share price

Market Analysis: RMI

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: RMI

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy RIVERNORTH OPPORTUNISTIC MUN (RMI) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much RMI has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 58d ago
RMI
+2.7%
XLF
+5.0%

RMI outperformed XLF by -2.3% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 13d ago
RMI
+0.2%
XLF
+1.5%

Since the filing became public, RMI outperformed XLF by -1.3% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

1 top-rated funds 0 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
0.6
/ 10
conviction
Hedge Fund Positioning: RMI
26 + Investors

Track Smart Money conviction in RMI. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 26 27 -3.7%
13F Shares 1M 1M 14.87%
Total Value $22M $19M 19.6%
New Positions 3 5 -2
Increased Positions 11 10 +1
Closed Positions 4 3 +1
Reduced Positions 7 6 +1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: RMI

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

26 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in RMI. Verified SEC 13F-HR filings.

QUARTER:
Top 25 institutional holders of RMI — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Professional Financial Management, Inc. 2.04% 125,547 $1.8M
2 ROBINSON CAPITAL MANAGEMENT, LLC 0.97% 152,955 $2.3M
3 Noble Wealth Management PBC 0.22% 28,498 $429K
4 River Street Advisors LLC 0.10% 20,593 $310K
5 Cypress Wealth Services, LLC 0.07% 32,500 $489K
6 Gateway Wealth Partners, LLC 0.06% 106,236 $1.6M
7 XML Financial, LLC 0.01% 10,000 $151K
8 Plancorp, LLC 0.01% 21,069 $329K
9 Concurrent Investment Advisors, LLC 0.01% 41,120 $619K
10 GUGGENHEIM CAPITAL LLC 0.01% 50,659 $763K
11 Apollon Wealth Management, LLC 0.00% 19,535 $294K
12 Rockefeller Capital Management L.P. 0.00% 111,800 $1.7M
13 Ritter Daniher Financial Advisory LLC / DE 0.00% 444 $7K
14 HIGHLINE WEALTH PARTNERS LLC 0.00% 250 $4K
15 OSAIC HOLDINGS, INC. 0.00% 34,237 $516K
16 Janney Montgomery Scott LLC 0.00% 11,309 —
17 WELLS FARGO & COMPANY/MN 0.00% 146,678 $2.2M
18 ROYAL BANK OF CANADA 0.00% 93,764 $1.4M
19 MORGAN STANLEY 0.00% 237,702 $3.6M
20 UBS Group AG 0.00% 91,078 $1.4M
21 STIFEL FINANCIAL CORP 0.00% 12,937 $195K
22 ENVESTNET ASSET MANAGEMENT INC 0.00% 42,761 $644K
23 LPL Financial LLC 0.00% 40,180 $605K
24 RAYMOND JAMES FINANCIAL INC 0.00% 12,088 $182K
25 BANK OF AMERICA CORP /DE/ 0.00% 39,411 $594K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — RIVERNORTH OPPORTUNISTIC MUN (RMI)

What does the Smart Money Trend signal show for RMI?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their RMI positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for RMI?

Slight buying edge — 56% buying: Last quarter: 14 funds bought or added vs 11 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for RMI holders?

Elite ownership — 48% AUM from top-100 funds: 8 of 26 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in RMI. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held RMI?

42% of holders stayed for 2+ years: 11 out of 26 hedge funds have held RMI for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy RIVERNORTH OPPORTUNISTIC MUN (RMI) following the 2026 Q1 hedge fund 13F filings?

As of today, RMI has moved +0.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.5% for the XLF sector ETF — an outperformance of -1.3%. Since the quarter end (March 31, 2026), RMI has gained +2.7% vs +5.0% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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