RiverNorth Flexible Municipal Income Fund
RFM
17 hedge funds and large institutions have $12M invested in RiverNorth Flexible Municipal Income Fund in 2025 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 9 increasing their positions, 4 reducing their positions, and 1 closing their positions.
125% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 4
105% more capital inflows, than outflows
Capital inflows: $3.23M | Capital outflows: $1.57M
1.83% more ownership
Funds ownership: 12.22% → 14.05% (+1.8%)
0% more first-time investments, than exits
New positions opened: 1 | Existing positions closed: 1
6% less funds holding
Funds holding: 18 → 17 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.58M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$558K |
| 3 |
River Street Advisors
Aurora,
Illinois
|
+$266K |
| 4 |
Logan Stone Capital
Chicago,
Illinois
|
+$252K |
| 5 |
NewEdge Advisors
New Orleans,
Louisiana
|
+$247K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wolverine Asset Management
Chicago,
Illinois
|
-$529K |
| 2 |
Wedbush Securities
Los Angeles,
California
|
-$447K |
| 3 |
LPL Financial
San Diego,
California
|
-$370K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$144K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$82.8K |
RFM Hedge Fund Activity: Q2 2025 in Review
17 of the 7,627 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Flexible Municipal Income Fund (RFM) for Q2 2025, worth a combined $12M — up 8.5% from $11M a quarter earlier.
Fund positioning in RFM was balanced in Q2 2025: 1 fund opened new positions, 1 closed out, 9 added to existing stakes and 4 trimmed.
The largest buyer was Robinson Capital Management, adding an estimated $1.58M. The largest seller was Wolverine Asset Management, cutting an estimated $529K.
- 17 institutional investors held RiverNorth Flexible Municipal Income Fund (RFM) as of Q2 2025, down from 18 in Q1 2025.
- Funds reported $12M of RiverNorth Flexible Municipal Income Fund stock for Q2 2025, up 8.5% quarter-over-quarter.
- 1 fund opened new RiverNorth Flexible Municipal Income Fund positions in Q2 2025 and 1 closed out, a net change of 0 holders.
- The largest RiverNorth Flexible Municipal Income Fund buyer in Q2 2025 was Robinson Capital Management, an estimated $1.58M added.
- The largest RiverNorth Flexible Municipal Income Fund seller in Q2 2025 was Wolverine Asset Management, an estimated $529K sold.
Based on aggregated 13F filings for Q2 2025.