RiverNorth Flexible Municipal Income Fund
15 hedge funds and large institutions have $11.8M invested in RiverNorth Flexible Municipal Income Fund in 2023 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 8 increasing their positions, 2 reducing their positions, and 3 closing their positions.
300% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 2
0.44% less ownership
Funds ownership: 12.57% → 12.13% (-0.44%)
1% less capital invested
Capital invested by funds: $11.9M → $11.8M (-$115K)
12% less funds holding
Funds holding: 17 → 15 (-2)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$433K |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$350K |
| 3 |
Morgan Stanley
New York
|
+$146K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$115K |
| 5 |
MC
Moors & Cabot
Boston,
Massachusetts
|
+$76.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$1.32M |
| 2 |
XF
XML Financial
Bethesda,
Maryland
|
-$224K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$37.5K |
| 4 |
RP
Riverbridge Partners
Minneapolis,
Minnesota
|
-$37.3K |
| 5 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
-$12.9K |
RFM Hedge Fund Activity: Q2 2023 in Review
15 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Flexible Municipal Income Fund (RFM) for Q2 2023, worth a combined $11.8M — down 0.97% from $11.9M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of RFM and 1 opened new positions — a net loss of 2 holders — while 2 trimmed existing stakes and 8 added.
The largest buyer was Wells Fargo, adding an estimated $433K. The largest seller was Logan Stone Capital, cutting an estimated $1.32M.
- 15 institutional investors held RiverNorth Flexible Municipal Income Fund (RFM) as of Q2 2023, down from 17 in Q1 2023.
- Funds reported $11.8M of RiverNorth Flexible Municipal Income Fund stock for Q2 2023, down 0.97% quarter-over-quarter.
- 1 fund opened new RiverNorth Flexible Municipal Income Fund positions in Q2 2023 and 3 closed out, a net change of -2 holders.
- The largest RiverNorth Flexible Municipal Income Fund buyer in Q2 2023 was Wells Fargo, an estimated $433K added.
- The largest RiverNorth Flexible Municipal Income Fund seller in Q2 2023 was Logan Stone Capital, an estimated $1.32M sold.
Based on aggregated 13F filings for Q2 2023.