RiverNorth Managed Duration Municipal Income Fund II
RMMZ
22 hedge funds and large institutions have $16M invested in RiverNorth Managed Duration Municipal Income Fund II in 2025 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 7 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
5% more funds holding
Funds holding: 21 → 22 (+1)
0.08% less ownership
Funds ownership: 12.75% → 12.67% (-0.08%)
4% less capital invested
Capital invested by funds: $16.7M → $16M (-$747K)
14% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$358K |
| 2 |
RSA
River Street Advisors
Aurora,
Illinois
|
+$348K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$184K |
| 4 |
OC
Oppenheimer & Co
New York
|
+$180K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$134K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WS
Wedbush Securities
Los Angeles,
California
|
-$460K |
| 2 |
Wells Fargo
San Francisco,
California
|
-$441K |
| 3 |
Pathstone Holdings
Englewood,
New Jersey
|
-$298K |
| 4 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
-$246K |
| 5 |
Morgan Stanley
New York
|
-$112K |
RMMZ Hedge Fund Activity: Q2 2025 in Review
22 of the 7,614 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Managed Duration Municipal Income Fund II (RMMZ) for Q2 2025, worth a combined $16M — down 4.5% from $16.7M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new RMMZ positions and 2 closed out — a net gain of 2 holders — while 6 added to existing stakes and 7 trimmed.
The largest buyer was UBS Group, adding an estimated $358K. The largest seller was Wedbush Securities, cutting an estimated $460K.
- 22 institutional investors held RiverNorth Managed Duration Municipal Income Fund II (RMMZ) as of Q2 2025, up from 21 in Q1 2025.
- Funds reported $16M of RiverNorth Managed Duration Municipal Income Fund II stock for Q2 2025, down 4.5% quarter-over-quarter.
- 4 funds opened new RiverNorth Managed Duration Municipal Income Fund II positions in Q2 2025 and 2 closed out, a net change of +2 holders.
- The largest RiverNorth Managed Duration Municipal Income Fund II buyer in Q2 2025 was UBS Group, an estimated $358K added.
- The largest RiverNorth Managed Duration Municipal Income Fund II seller in Q2 2025 was Wedbush Securities, an estimated $460K sold.
Based on aggregated 13F filings for Q2 2025.