Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

RIVERNORTH MANAGED DUR MUN I (RMMZ)

23 + Investors. Track Smart Money conviction in RMMZ. 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
53%

Smart Money Signals — RMMZ

Based on 23 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added RMMZ 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
23 hedge funds hold RMMZ 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 — +15% more funds vs a year ago

fund count last 6Q
+3 new funds entered over the past year (+15% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 53% buying

10 buying9 selling
Last quarter: 10 funds bought or added vs 9 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: 6 → 2 → 2 → 3. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

52% of holders stayed for 2+ years

■ 52% conviction (2yr+) ■ 26% medium ■ 22% new
12 out of 23 hedge funds have held RMMZ 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.
📊

Peak discovery — momentum slowing

1 → 6 → 2 → 2 → 3 new funds/Q
New funds entering each quarter: 6 → 2 → 2 → 3. RMMZ is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 48% of holders stayed 2+ years

■ 48% veterans ■ 26% 1-2yr ■ 26% new
Of 23 current holders: 11 (48%) 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 — 45% AUM from top-100 funds

45% from top-100 AUM funds
5 of 23 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in RMMZ. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

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 — RMMZ

In 2026 Q1, 10 hedge funds were net buyers of RMMZ (3 opened a new position, 7 added to an existing one), while 9 reduced or exited (7 trimmed, 2 sold completely) — a 53% buyer ratio, indicating a slight buying edge. 45% of total institutional value in RMMZ is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +1 funds (more new holders than closures). Total institutional holders: 23.

Hedge Fund Ownership: RMMZ

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

Market Analysis: RMMZ

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: RMMZ

-- --

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

Is It Too Late to Buy RIVERNORTH MANAGED DUR MUN I (RMMZ) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much RMMZ 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
RMMZ
+1.4%
XLF
+5.0%

RMMZ outperformed XLF by -3.6% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 13d ago
RMMZ
-2.1%
XLF
+1.5%

Since the filing became public, RMMZ outperformed XLF by -3.6% .

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
0.3
/ 10
conviction
Hedge Fund Positioning: RMMZ
23 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 23 22 4.55%
13F Shares 2M 1M 21.47%
Total Value $24M $19M 21.86%
New Positions 3 2 +1
Increased Positions 7 9 -2
Closed Positions 2 2 -
Reduced Positions 7 6 +1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: RMMZ

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

23 + investors

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

QUARTER:
Top 23 institutional holders of RMMZ — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 ROBINSON CAPITAL MANAGEMENT, LLC 1.21% 195,309 $2.9M
2 Closed-End Fund Advisors, Inc. 0.57% 38,401 $564K
3 TT Capital Management LLC 0.21% 17,100 $251K
4 Gateway Wealth Partners, LLC 0.17% 291,298 $4.3M
5 River Street Advisors LLC 0.12% 24,321 $357K
6 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.02% 24,802 $364K
7 GUGGENHEIM CAPITAL LLC 0.01% 101,846 $1.5M
8 Noble Wealth Management PBC 0.01% 1,200 $18K
9 PFG Investments, LLC 0.01% 12,871 $189K
10 HARBOUR INVESTMENTS, INC. 0.01% 36,484 $536K
11 OPPENHEIMER & CO INC 0.01% 41,214 $605K
12 WEDBUSH SECURITIES INC 0.01% 14,847 —
13 &PARTNERS 0.00% 16,089 $236K
14 PRIVATE TRUST CO NA 0.00% 775 $11K
15 WELLS FARGO & COMPANY/MN 0.00% 197,814 $2.9M
16 ROYAL BANK OF CANADA 0.00% 200,131 $2.9M
17 STIFEL FINANCIAL CORP 0.00% 32,347 $475K
18 OSAIC HOLDINGS, INC. 0.00% 15,457 $227K
19 UBS Group AG 0.00% 104,339 $1.5M
20 MORGAN STANLEY 0.00% 218,806 $3.2M
21 Steward Partners Investment Advisory, LLC 0.00% 2,500 $37K
22 RAYMOND JAMES FINANCIAL INC 0.00% 24,712 $363K
23 LPL Financial LLC 0.00% 10,842 $159K
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 (RMMZ)

What does the Smart Money Trend signal show for RMMZ?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added RMMZ 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 RMMZ?

Slight buying edge — 53% buying: Last quarter: 10 funds bought or added vs 9 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 RMMZ holders?

Elite ownership — 45% AUM from top-100 funds: 5 of 23 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in RMMZ. 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 RMMZ?

52% of holders stayed for 2+ years: 12 out of 23 hedge funds have held RMMZ 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 MANAGED DUR MUN I (RMMZ) following the 2026 Q1 hedge fund 13F filings?

As of today, RMMZ has moved -2.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.5% for the XLF sector ETF — an outperformance of -3.6%. Since the quarter end (March 31, 2026), RMMZ has gained +1.4% 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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