RiverNorth Flexible Municipal Income Fund
21 hedge funds and large institutions have $12.1M invested in RiverNorth Flexible Municipal Income Fund in 2024 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
11% more capital invested
Capital invested by funds: $10.9M → $12.1M (+$1.24M)
11% more funds holding
Funds holding: 19 → 21 (+2)
2.4% more ownership
Funds ownership: 10.91% → 13.31% (+2.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$1.02M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$885K |
| 3 |
VF
Virtu Financial
New York
|
+$410K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$308K |
| 5 |
AWM
Apollon Wealth Management
Mount Pleasant,
South Carolina
|
+$222K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$338K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$97.8K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$44.8K |
| 4 |
SWM
Spire Wealth Management
Mclean,
Virginia
|
-$40.7K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
-$37K |
RFM Hedge Fund Activity: Q4 2024 in Review
21 of the 7,608 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Flexible Municipal Income Fund (RFM) for Q4 2024, worth a combined $12.1M — up 11% from $10.9M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new RFM positions and 1 closed out — a net gain of 3 holders — while 7 added to existing stakes and 6 trimmed.
The largest buyer was Logan Stone Capital, adding an estimated $1.02M. The largest seller was LPL Financial, cutting an estimated $338K.
- 21 institutional investors held RiverNorth Flexible Municipal Income Fund (RFM) as of Q4 2024, up from 19 in Q3 2024.
- Funds reported $12.1M of RiverNorth Flexible Municipal Income Fund stock for Q4 2024, up 11% quarter-over-quarter.
- 4 funds opened new RiverNorth Flexible Municipal Income Fund positions in Q4 2024 and 1 closed out, a net change of +3 holders.
- The largest RiverNorth Flexible Municipal Income Fund buyer in Q4 2024 was Logan Stone Capital, an estimated $1.02M added.
- The largest RiverNorth Flexible Municipal Income Fund seller in Q4 2024 was LPL Financial, an estimated $338K sold.
Based on aggregated 13F filings for Q4 2024.