Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

RIVERNORTH MANAGED DUR MUN I (RMM)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +6
Streak
1Q ▲
Buyers last Q
69%

Smart Money Signals — RMM

Based on 55 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added RMM than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
55 hedge funds hold RMM 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.
🚀

Fast accumulation — +22% more funds vs a year ago

fund count last 6Q
+10 new funds entered over the past year (+22% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟢

More buyers than sellers — 69% buying

35 buying16 selling
Last quarter: 35 funds were net buyers (12 opened a brand new position + 23 added to an existing one). Only 16 were sellers (10 trimmed + 6 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~12 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 4 → 11 → 9 → 12. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

55% of holders stayed for 2+ years

■ 55% conviction (2yr+) ■ 16% medium ■ 29% new
30 out of 55 hedge funds have held RMM 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.
📈

Growing discovery — still being found

12 → 4 → 11 → 9 → 12 new funds/Q
New funds entering each quarter: 4 → 11 → 9 → 12. A growing number of institutions are discovering RMM each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 58% of holders stayed 2+ years

■ 58% veterans ■ 7% 1-2yr ■ 35% new
Of 55 current holders: 32 (58%) 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.
✅

Strong quality — 36% AUM from major funds

36% from top-100 AUM funds
7 of 55 holders rank in the top 100 by AUM, accounting for 36% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
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 — RMM

In 2025 Q4, 35 hedge funds were net buyers of RMM (12 opened a new position, 23 added to an existing one), while 16 reduced or exited (10 trimmed, 6 sold completely) — a 69% buyer ratio, indicating clear institutional accumulation. 36% of total institutional value in RMM is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +6 funds (more new holders than closures). Total institutional holders: 55.

Hedge Fund Ownership: RMM

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

Market Analysis: RMM

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: RMM

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

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

5 top-rated funds 0 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
0.3
/ 10
conviction
Hedge Fund Positioning: RMM
2026 Q1 Stats Unlock in 5 days 55 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 55 49 12.24%
13F Shares 3M 3M 12.87%
Total Value $45M $41M 8.65%
New Positions 12 9 +3
Increased Positions 23 15 +8
Closed Positions 6 10 -4
Reduced Positions 10 12 -2
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: RMM

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Institutional Holders (2026 Q1)

55 + investors

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

QUARTER:
Top 25 institutional holders of RMM — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 ROBINSON CAPITAL MANAGEMENT, LLC 2.56% 431,397 $6.1M
2 Wagner Wealth Management, LLC 0.30% 107,967 $1.5M
3 Samalin Investment Counsel, LLC 0.26% 54,560 $744K
4 Estate Planners Group, LLC 0.26% 43,843 $597K
5 Closed-End Fund Advisors, Inc. 0.17% 11,904 $162K
6 ProVise Management Group, LLC 0.16% 167,888 $2.3M
7 River Street Advisors LLC 0.09% 19,727 $269K
8 MELFA WEALTH MANAGEMENT, INC. 0.09% 10,981 $150K
9 U.S. Capital Wealth Advisors, LLC 0.06% 179,728 $2.4M
10 Abel Hall, LLC 0.06% 20,000 $273K
11 Noble Wealth Management PBC 0.05% 6,828 $93K
12 XML Financial, LLC 0.05% 41,200 $562K
13 Advocate Investing Services LLC 0.03% 2,500 $34K
14 WEDBUSH SECURITIES INC 0.02% 54,300 —
15 Osbon Capital Management LLC 0.02% 1,919 $26K
16 Apollon Wealth Management, LLC 0.01% 44,430 $606K
17 OPPENHEIMER & CO INC 0.01% 53,860 $734K
18 PFG Investments, LLC 0.01% 10,430 $142K
19 Stratos Wealth Partners, LTD. 0.00% 24,985 $341K
20 Rockefeller Capital Management L.P. 0.00% 132,982 $1.8M
21 EverSource Wealth Advisors, LLC 0.00% 1,745 $75K
22 &PARTNERS 0.00% 32,738 $446K
23 West Branch Capital LLC 0.00% 500 $7K
24 HIGHLINE WEALTH PARTNERS LLC 0.00% 450 $6K
25 Bank of New Hampshire 0.00% 500 $7K
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 MANAGED DUR MUN I (RMM)

What does the Smart Money Trend signal show for RMM?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added RMM than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for RMM?

More buyers than sellers — 69% buying: Last quarter: 35 funds were net buyers (12 opened a brand new position + 23 added to an existing one). Only 16 were sellers (10 trimmed + 6 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for RMM holders?

Strong quality — 36% AUM from major funds: 7 of 55 holders rank in the top 100 by AUM, accounting for 36% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held RMM?

55% of holders stayed for 2+ years: 30 out of 55 hedge funds have held RMM 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.

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.