RiverNorth Managed Duration Municipal Income Fund II

RMMZ

Market cap $126M

RMMZ Hedge Fund Activity: Q1 2026 in Review

22 of the 8,137 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Managed Duration Municipal Income Fund II (RMMZ) for Q1 2026, worth a combined $23.9M — up 23% from $19.4M a quarter earlier.

Buyers outnumbered sellers: 3 funds opened new RMMZ positions and 2 closed out — a net gain of 1 holder — while 6 added to existing stakes and 7 trimmed.

The largest buyer was Gateway Wealth Partners, adding an estimated $2.35M. The largest seller was Morgan Stanley, cutting an estimated $616K.

• 22 institutional investors held RiverNorth Managed Duration Municipal Income Fund II (RMMZ) as of Q1 2026, up from 21 in Q4 2025.
• Funds reported $23.9M of RiverNorth Managed Duration Municipal Income Fund II stock for Q1 2026, up 23% quarter-over-quarter.
• 3 funds opened new RiverNorth Managed Duration Municipal Income Fund II positions in Q1 2026 and 2 closed out, a net change of +1 holder.
• The largest RiverNorth Managed Duration Municipal Income Fund II buyer in Q1 2026 was Gateway Wealth Partners, an estimated $2.35M added.
• The largest RiverNorth Managed Duration Municipal Income Fund II seller in Q1 2026 was Morgan Stanley, an estimated $616K sold.

Based on aggregated 13F filings for Q1 2026.