RiverNorth Managed Duration Municipal Income Fund II
RMMZ
21 hedge funds and large institutions have $24.3M invested in RiverNorth Managed Duration Municipal Income Fund II in 2026 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 9 increasing their positions, 6 reducing their positions, and 2 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 6
0.06% less ownership
Funds ownership: 16.89% → 16.83% (-0.06%)
3% less capital inflows, than outflows
Capital inflows: $2.56M | Capital outflows: $2.64M
5% less funds holding
Funds holding: 22 → 21 (-1)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Guggenheim Capital
Chicago,
Illinois
|
+$1.35M |
| 2 |
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$234K |
| 3 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$229K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$223K |
| 5 |
LPL Financial
San Diego,
California
|
+$174K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Gateway Wealth Partners
Appleton,
Wisconsin
|
-$2.14M |
| 2 |
TT Capital Management
Coto De Caza,
California
|
-$251K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$81.5K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$67.1K |
| 5 |
Steward Partners Investment Advisory
New York
|
-$36.7K |
RMMZ Hedge Fund Activity: Q2 2026 in Review
21 of the 8,371 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Managed Duration Municipal Income Fund II (RMMZ) for Q2 2026, worth a combined $24.3M — up 2% from $23.9M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of RMMZ and 1 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 9 added.
The largest buyer was Guggenheim Capital, adding an estimated $1.35M. The largest seller was Gateway Wealth Partners, cutting an estimated $2.14M.
- 21 institutional investors held RiverNorth Managed Duration Municipal Income Fund II (RMMZ) as of Q2 2026, down from 22 in Q1 2026.
- Funds reported $24.3M of RiverNorth Managed Duration Municipal Income Fund II stock for Q2 2026, up 2% quarter-over-quarter.
- 1 fund opened new RiverNorth Managed Duration Municipal Income Fund II positions in Q2 2026 and 2 closed out, a net change of -1 holder.
- The largest RiverNorth Managed Duration Municipal Income Fund II buyer in Q2 2026 was Guggenheim Capital, an estimated $1.35M added.
- The largest RiverNorth Managed Duration Municipal Income Fund II seller in Q2 2026 was Gateway Wealth Partners, an estimated $2.14M sold.
Based on aggregated 13F filings for Q2 2026.