RiverNorth Managed Duration Municipal Income Fund II
RMMZ
21 hedge funds and large institutions have $19.4M invested in RiverNorth Managed Duration Municipal Income Fund II in 2025 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 8 increasing their positions, 6 reducing their positions, and 2 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 6
3% more capital invested
Capital invested by funds: $18.9M → $19.4M (+$484K)
0% more funds holding
Funds holding: 21 → 21 (0)
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
0.1% less ownership
Funds ownership: 13.92% → 13.81% (-0.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$668K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$304K |
| 3 |
GWP
Gateway Wealth Partners
Appleton,
Wisconsin
|
+$151K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$95.1K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$89.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$1.44M |
| 2 |
OC
Oppenheimer & Co
New York
|
-$239K |
| 3 |
EAM
Everstar Asset Management
Mooresville,
North Carolina
|
-$160K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$160K |
| 5 |
Raymond James Financial
St Petersburg,
Florida
|
-$64.3K |
RMMZ Hedge Fund Activity: Q4 2025 in Review
21 of the 8,280 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Managed Duration Municipal Income Fund II (RMMZ) for Q4 2025, worth a combined $19.4M — up 2.6% from $18.9M a quarter earlier.
Fund positioning in RMMZ was balanced in Q4 2025: 2 funds opened new positions, 2 closed out, 8 added to existing stakes and 6 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $668K. The largest seller was UBS Group, cutting an estimated $1.44M.
- 21 institutional investors held RiverNorth Managed Duration Municipal Income Fund II (RMMZ) as of Q4 2025, unchanged from Q3 2025.
- Funds reported $19.4M of RiverNorth Managed Duration Municipal Income Fund II stock for Q4 2025, up 2.6% quarter-over-quarter.
- 2 funds opened new RiverNorth Managed Duration Municipal Income Fund II positions in Q4 2025 and 2 closed out, a net change of 0 holders.
- The largest RiverNorth Managed Duration Municipal Income Fund II buyer in Q4 2025 was Morgan Stanley, an estimated $668K added.
- The largest RiverNorth Managed Duration Municipal Income Fund II seller in Q4 2025 was UBS Group, an estimated $1.44M sold.
Based on aggregated 13F filings for Q4 2025.