RiverNorth Managed Duration Municipal Income Fund II
RMMZ
22 hedge funds and large institutions have $23.9M invested in RiverNorth Managed Duration Municipal Income Fund II in 2026 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 7 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
23% more capital invested
Capital invested by funds: $19.4M → $23.9M (+$4.46M)
5% more funds holding
Funds holding: 21 → 22 (+1)
3.08% more ownership
Funds ownership: 13.81% → 16.89% (+3.1%)
14% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GWP
Gateway Wealth Partners
Appleton,
Wisconsin
|
+$2.35M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.5M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$365K |
| 4 |
HI
Harbour Investments
Madison,
Wisconsin
|
+$250K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$112K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$616K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$100K |
| 3 |
OC
Oppenheimer & Co
New York
|
-$38.6K |
| 4 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$22.8K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
-$10.3K |
RMMZ Hedge Fund Activity: Q1 2026 in Review
22 of the 8,133 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.