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RiverNorth Managed Duration Municipal Income Fund, Inc.

RMM
Exchange
NYSE
SEC CIK
0001771226

No open-market purchases or sales by RiverNorth Managed Duration Municipal Income Fund, Inc. insiders were filed in the last 90 days; 53 institutions reported holding it in 13F filings for Q2 2026, worth $55.9M in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in RiverNorth Managed Duration Municipal Income Fund, Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
57
+6 vs. Q3 2025
Shares held
3.34M
+412.8K (+14.1%) vs. Q3 2025
Total value
$45.5M
+$4.07M (+9.8%) vs. Q3 2025
New holders
12
24 more added
Sold out
6
10 more reduced

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting RMM on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 57 institutions
Q1 2021: 29 institutionsQ2 2021: 29 institutionsQ3 2021: 25 institutionsQ4 2021: 27 institutionsQ1 2022: 30 institutionsQ2 2022: 28 institutionsQ3 2022: 28 institutionsQ4 2022: 33 institutionsQ1 2023: 34 institutionsQ2 2023: 31 institutionsQ3 2023: 31 institutionsQ4 2023: 40 institutionsQ1 2024: 43 institutionsQ2 2024: 43 institutionsQ3 2024: 39 institutionsQ4 2024: 46 institutionsQ1 2025: 44 institutionsQ2 2025: 51 institutionsQ3 2025: 51 institutionsQ4 2025: 57 institutionsQ1 2026: 52 institutionsQ2 2026: 53 institutions
Value heldQ4 2025: $45.5M
Q1 2021: $58.7MQ2 2021: $56.4MQ3 2021: $51.3MQ4 2021: $44.0MQ1 2022: $33.5MQ2 2022: $29.9MQ3 2022: $29.1MQ4 2022: $31.6MQ1 2023: $30.5MQ2 2023: $37.3MQ3 2023: $33.6MQ4 2023: $41.4MQ1 2024: $45.8MQ2 2024: $49.0MQ3 2024: $51.5MQ4 2024: $46.3MQ1 2025: $52.4MQ2 2025: $51.1MQ3 2025: $41.4MQ4 2025: $45.5MQ1 2026: $48.1MQ2 2026: $55.9M
Institutions holding RMM and their total value by quarter
QuarterHoldersValue
Q2 202653$55.9M
Q1 202652$48.1M
Q4 202557$45.5M
Q3 202551$41.4M
Q2 202551$51.1M
Q1 202544$52.4M
Q4 202446$46.3M
Q3 202439$51.5M
Q2 202443$49.0M
Q1 202443$45.8M
Q4 202340$41.4M
Q3 202331$33.6M
Q2 202331$37.3M
Q1 202334$30.5M
Q4 202233$31.6M
Q3 202228$29.1M
Q2 202228$29.9M
Q1 202230$33.5M
Q4 202127$44.0M
Q3 202125$51.3M
Q2 202129$56.4M
Q1 202129$58.7M

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding RiverNorth Managed Duration Municipal Income Fund, Inc.; share changes are against Q3 2025.

Institutions holding RMM in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Wells Fargo & Company398,529$5.42M0.00%−113,202−22.1%Reduced
Robinson Capital Management, LLC394,857$5.37M2.25%+250,545+173.6%Added
Morgan Stanley319,589$4.35M0.00%+33,535+11.7%Added
Royal Bank of Canada240,444$3.27M0.00%−11,570−4.6%Reduced
Advisors Asset Management, Inc.228,430$3.11M0.05%+123,771+118.3%Added
ProVise Management Group, LLC169,356$2.30M0.16%+393+0.2%Added
U.S. Capital Wealth Advisors, LLC165,903$2.26M0.06%−740−0.4%Reduced
UBS Group AG159,932$2.18M0.00%−48,979−23.4%Reduced
Wagner Wealth Management, LLC109,754$1.49M0.32%+38,116+53.2%Added
Rockefeller Capital Management L.P.95,605$1.30M0.00%+47,358+98.2%Added
Stifel Financial Corp80,846$1.10M0.00%−117,158−59.2%Reduced
Raymond James Financial Inc70,997$966.3K0.00%−1,558−2.1%Reduced
Samalin Investment Counsel, LLC61,624$838.7K0.30%+2,880+4.9%Added
LPL Financial LLC61,260$833.7K0.00%+4,549+8.0%Added
Wedbush Securities Inc59,138$805.0K0.02%+1,759+3.1%Added
Oppenheimer & Co Inc48,342$657.9K0.01%+48,342New
Advisor Group Holdings, Inc.46,766$636.5K0.00%+20,482+77.9%Added
Balyasny Asset Management LLC45,708$622.1K0.00%+29,609+183.9%Added
Apollon Wealth Management, LLC44,865$610.6K0.01%+8,000+21.7%Added
Estate Planners Group, LLC43,843$596.7K0.26%+43,843New
Gateway Wealth Partners, LLC42,035$572.1K0.06%+2,000+5.0%Added
Logan Stone Capital, LLC39,029$531.2K0.13%+39,029New
XML Financial, LLC32,700$445.0K0.04%−1,399−4.1%Reduced
Wiley Bros.-Aintree Capital, LLC32,496$442.3K0.00%+708+2.2%Added
Readystate Asset Management LP27,030$367.9K0.02%+27,030New
Janney Montgomery Scott LLC24,600$335.0K0.00%+7,400+43.0%Added
Stratos Wealth Partners, LTD.24,420$332.4K0.00%+232+1.0%Added
Wolverine Asset Management LLC20,447$278.3K0.00%+20,447New
Commonwealth Equity Services, LLC20,050$272.9K0.00%+2,842+16.5%Added
Abel Hall, LLC20,000$272.2K0.06%00.0%Unchanged
River Street Advisors LLC19,727$268.5K0.10%00.0%Unchanged
HighTower Advisors, LLC19,569$266.3K0.00%+19,569New
Susquehanna International Group, LLP16,581$225.7K0.00%+16,581New
GWM Advisors LLC16,150$219.8K0.00%+400+2.5%Added
Jane Street Group, LLC14,769$201.0K0.00%−16,275−52.4%Reduced
Landscape Capital Management, L.L.C.14,233$193.7K0.01%+14,233New
AE Wealth Management LLC13,300$181.0K0.00%00.0%Unchanged
Change Path, LLC12,739$174.9K0.00%+163+1.3%Added
Closed-End Fund Advisors, Inc.11,904$162.0K0.10%+11,904New
Melfa Wealth Management, LLC10,955$149.1K0.09%+28+0.3%Added
Cetera Investment Advisers10,725$146.0K0.00%+18+0.2%Added
PFG Investments, LLC10,423$141.9K0.01%−250−2.3%Reduced
Steward Partners Investment Advisory, LLC8,656$117.8K0.00%−9,535−52.4%Reduced
Noble Wealth Management PBC7,300$99.4K0.05%+472+6.9%Added
Comerica Bank6,000$81.7K0.00%00.0%Unchanged
EverSource Wealth Advisors, LLC6,000$81.7K0.00%+1,000+20.0%Added
Kestra Advisory Services, LLC4,923$67.0K0.00%+4,923New
Advocate Investing Services LLC2,500$34.0K0.03%+2,500New
US Bancorp2,000$27.2K0.00%+1,000+100.0%Added
Bank of America Corp2,000$27.2K0.00%+2,000New
Harbour Investments, Inc.1,250$17.0K0.00%00.0%Unchanged
West Branch Capital LLC500$6.80K0.00%00.0%Unchanged
Bank of New Hampshire500$6.80K0.00%00.0%Unchanged
Highline Wealth Partners LLC450$6.13K0.00%00.0%Unchanged
Hollencrest Capital Management245$3.33K0.00%00.0%Unchanged
JPMorgan Chase & Co0$60.00%0Unchanged
Allworth Financial LP0$60.00%0Unchanged
Truist Financial Corp0$00.00%−34,348−100.0%Sold out
Avidian Wealth Solutions, LLC0$00.00%−24,000−100.0%Sold out
National Asset Management, Inc.0$00.00%−16,206−100.0%Sold out
Twelve Points Wealth Management LLC0$00.00%−13,697−100.0%Sold out
Advisory Services Network, LLC0$00.00%−4,420−100.0%Sold out
Newbridge Financial Services Group, Inc.0$00.00%−1,500−100.0%Sold out