RiverNorth Managed Duration Municipal Income Fund II
RMMZ
21 hedge funds and large institutions have $16.7M invested in RiverNorth Managed Duration Municipal Income Fund II in 2025 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 6 increasing their positions, 8 reducing their positions, and 2 closing their positions.
3.01% less ownership
Funds ownership: 15.76% → 12.75% (-3%)
9% less funds holding
Funds holding: 23 → 21 (-2)
16% less capital invested
Capital invested by funds: $19.9M → $16.7M (-$3.22M)
25% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 8
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OC
Oppenheimer & Co
New York
|
+$196K |
| 2 |
Morgan Stanley
New York
|
+$125K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$38.6K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$30.7K |
| 5 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
+$27.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$1.8M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.45M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$198K |
| 4 |
Nomura Holdings
Tokyo,
Japan
|
-$176K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$114K |
RMMZ Hedge Fund Activity: Q1 2025 in Review
21 of the 7,473 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Managed Duration Municipal Income Fund II (RMMZ) for Q1 2025, worth a combined $16.7M — down 16% from $19.9M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of RMMZ and 1 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 6 added.
The largest buyer was Oppenheimer & Co, adding an estimated $196K. The largest seller was Independent Advisor Alliance, exiting entirely with an estimated $1.8M sold.
- 21 institutional investors held RiverNorth Managed Duration Municipal Income Fund II (RMMZ) as of Q1 2025, down from 23 in Q4 2024.
- Funds reported $16.7M of RiverNorth Managed Duration Municipal Income Fund II stock for Q1 2025, down 16% quarter-over-quarter.
- 1 fund opened new RiverNorth Managed Duration Municipal Income Fund II positions in Q1 2025 and 2 closed out, a net change of -1 holder.
- The largest RiverNorth Managed Duration Municipal Income Fund II buyer in Q1 2025 was Oppenheimer & Co, an estimated $196K added.
- The largest RiverNorth Managed Duration Municipal Income Fund II seller in Q1 2025 was Independent Advisor Alliance, an estimated $1.8M sold.
Based on aggregated 13F filings for Q1 2025.