RiverNorth Flexible Municipal Income Fund
18 hedge funds and large institutions have $11M invested in RiverNorth Flexible Municipal Income Fund in 2025 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 7 increasing their positions, 7 reducing their positions, and 3 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 7
1.09% less ownership
Funds ownership: 13.31% → 12.22% (-1.1%)
9% less capital invested
Capital invested by funds: $12.1M → $11M (-$1.07M)
14% less funds holding
Funds holding: 21 → 18 (-3)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$642K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$291K |
| 3 |
Morgan Stanley
New York
|
+$158K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$86.6K |
| 5 |
Raymond James Financial
St Petersburg,
Florida
|
+$34.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$905K |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$444K |
| 3 |
VF
Virtu Financial
New York
|
-$385K |
| 4 |
P
&Partners
Nashville,
Tennessee
|
-$167K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$19.2K |
RFM Hedge Fund Activity: Q1 2025 in Review
18 of the 7,473 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Flexible Municipal Income Fund (RFM) for Q1 2025, worth a combined $11M — down 8.9% from $12.1M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of RFM and 1 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 7 added.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $642K. The largest seller was Wolverine Asset Management, cutting an estimated $905K.
- 18 institutional investors held RiverNorth Flexible Municipal Income Fund (RFM) as of Q1 2025, down from 21 in Q4 2024.
- Funds reported $11M of RiverNorth Flexible Municipal Income Fund stock for Q1 2025, down 8.9% quarter-over-quarter.
- 1 fund opened new RiverNorth Flexible Municipal Income Fund positions in Q1 2025 and 3 closed out, a net change of -2 holders.
- The largest RiverNorth Flexible Municipal Income Fund buyer in Q1 2025 was Robinson Capital Management, an estimated $642K added.
- The largest RiverNorth Flexible Municipal Income Fund seller in Q1 2025 was Wolverine Asset Management, an estimated $905K sold.
Based on aggregated 13F filings for Q1 2025.