Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Rivernorth Managed Dur Mun I (RMM)

51 + 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
↓ -4
Streak
1Q ▼
Buyers last Q
51%

Smart Money Signals — RMM

Based on 51 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 RMM positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 93% of 3.0Y peak

93% of all-time peak
51 funds currently hold this stock — 93% of the 3.0-year high of 55 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀

Fast accumulation — +21% more funds vs a year ago

fund count last 6Q
+9 new funds entered over the past year (+21% 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.
🟡

Slight buying edge — 51% buying

25 buying24 selling
Last quarter: 25 funds bought or added vs 24 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 — ~7 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 11 → 9 → 12 → 7. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

53% of holders stayed for 2+ years

■ 53% conviction (2yr+) ■ 20% medium ■ 27% new
27 out of 51 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.
➡️

Steady discovery — ~7 new funds/quarter

4 → 11 → 9 → 12 → 7 new funds/Q
New funds entering each quarter: 11 → 9 → 12 → 7. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 53% veterans vs 37% newcomers

■ 53% veterans ■ 10% 1-2yr ■ 37% new
Entry-cohort mix of 51 holders: 27 (53%) are 2+ year veterans, 5 entered 1–2 years ago, and 19 (37%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 33% AUM from major funds

33% from top-100 AUM funds
5 of 50 holders rank in the top 100 by AUM, accounting for 33% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
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 — RMM

In 2026 Q1, 25 hedge funds were net buyers of RMM (7 opened a new position, 18 added to an existing one), while 24 reduced or exited (13 trimmed, 11 sold completely) — a 51% buyer ratio, indicating a slight buying edge. 33% of total institutional value in RMM is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -4 funds (more exits than new entries). Total institutional holders: 51.

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

-- --

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

Is It Too Late to Buy Rivernorth Managed Dur Mun I (RMM) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much RMM 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 · 87d ago
RMM
+7.4%
XLF
+9.2%

RMM outperformed XLF by -1.8% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 42d ago
RMM
+1.7%
XLF
+5.5%

Since the filing became public, RMM outperformed XLF by -3.8% .

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.

2 top-rated funds 0 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
0.3
/ 10
conviction
Hedge Fund Positioning: RMM
51 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 51 55 -7.27%
13F Shares 4M 3M 6.58%
Total Value $47M $45M 4.4%
New Positions 7 12 -5
Increased Positions 18 23 -5
Closed Positions 11 6 +5
Reduced Positions 13 10 +3
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: RMM

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Beta (5Y Monthly) --
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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

51 + 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 RMM holders by conviction (% of portfolio weight) — 2026 Q1 · 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 Gateway Wealth Partners, LLC 0.06% 115,380 $1.6M
11 Abel Hall, LLC 0.06% 20,000 $273K
12 Advisors Asset Management, Inc. 0.05% 226,459 $3.1M
13 Noble Wealth Management PBC 0.05% 6,828 $93K
14 XML Financial, LLC 0.05% 41,200 $562K
15 Advocate Investing Services LLC 0.03% 2,500 $34K
16 Arkadios Wealth Advisors 0.02% 107,967 $1.5M
17 Osbon Capital Management LLC 0.02% 1,919 $26K
18 Guggenheim Capital LLC 0.01% 106,317 $1.4M
19 Apollon Wealth Management, LLC 0.01% 44,430 $606K
20 Rivernorth Capital Management, LLC 0.01% 13,382 $182K
21 Oppenheimer & Co Inc 0.01% 53,860 $734K
22 PFG Investments, LLC 0.01% 10,430 $142K
23 CreativeOne Wealth, LLC 0.00% 12,893 $177K
24 Stratos Wealth Partners, LTD. 0.00% 24,985 $341K
25 Rockefeller Capital Management L.P. 0.00% 132,982 $1.8M
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?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their RMM 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 RMM?

Slight buying edge — 51% buying: Last quarter: 25 funds bought or added vs 24 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 RMM holders?

Strong quality — 33% AUM from major funds: 5 of 50 holders rank in the top 100 by AUM, accounting for 33% 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?

53% of holders stayed for 2+ years: 27 out of 51 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.

Is it too late to buy Rivernorth Managed Dur Mun I (RMM) following the 2026 Q1 hedge fund 13F filings?

As of today, RMM has moved +1.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.5% for the XLF sector ETF — an outperformance of -3.8%. Since the quarter end (March 31, 2026), RMM has gained +7.4% vs +9.2% 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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