RiverNorth Flexible Municipal Income Fund
17 hedge funds and large institutions have $11M invested in RiverNorth Flexible Municipal Income Fund in 2022 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 6 increasing their positions, 5 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
33% more capital invested
Capital invested by funds: $8.32M → $11M (+$2.72M)
20% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 5
13% more funds holding
Funds holding: 15 → 17 (+2)
2.78% more ownership
Funds ownership: 8.74% → 11.51% (+2.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$1.13M |
| 2 |
LPL Financial
San Diego,
California
|
+$918K |
| 3 |
MC
Moors & Cabot
Boston,
Massachusetts
|
+$727K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$357K |
| 5 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$213K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$182K |
| 2 |
Wells Fargo
San Francisco,
California
|
-$158K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$132K |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$123K |
| 5 |
Morgan Stanley
New York
|
-$120K |
RFM Hedge Fund Activity: Q4 2022 in Review
17 of the 6,238 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Flexible Municipal Income Fund (RFM) for Q4 2022, worth a combined $11M — up 33% from $8.32M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new RFM positions and 3 closed out — a net gain of 2 holders — while 6 added to existing stakes and 5 trimmed.
The largest buyer was Logan Stone Capital, opening a new position worth an estimated $1.13M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $182K sold.
- 17 institutional investors held RiverNorth Flexible Municipal Income Fund (RFM) as of Q4 2022, up from 15 in Q3 2022.
- Funds reported $11M of RiverNorth Flexible Municipal Income Fund stock for Q4 2022, up 33% quarter-over-quarter.
- 5 funds opened new RiverNorth Flexible Municipal Income Fund positions in Q4 2022 and 3 closed out, a net change of +2 holders.
- The largest RiverNorth Flexible Municipal Income Fund buyer in Q4 2022 was Logan Stone Capital, an estimated $1.13M added.
- The largest RiverNorth Flexible Municipal Income Fund seller in Q4 2022 was Robinson Capital Management, an estimated $182K sold.
Based on aggregated 13F filings for Q4 2022.