RiverNorth Flexible Municipal Income Fund
24 hedge funds and large institutions have $14.1M invested in RiverNorth Flexible Municipal Income Fund in 2025 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 5 increasing their positions, 7 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
20% more funds holding
Funds holding: 20 → 24 (+4)
18% more capital invested
Capital invested by funds: $12M → $14.1M (+$2.14M)
2.98% more ownership
Funds ownership: 13.53% → 16.51% (+3%)
29% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.04M |
| 2 |
Morgan Stanley
New York
|
+$832K |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$617K |
| 4 |
P
&Partners
Nashville,
Tennessee
|
+$218K |
| 5 |
LPL Financial
San Diego,
California
|
+$166K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$742K |
| 2 |
SW
SteelPeak Wealth
Woodland Hills,
California
|
-$434K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$174K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$108K |
| 5 |
NWMP
Noble Wealth Management PBC
Greenwood Village,
Colorado
|
-$54.3K |
RFM Hedge Fund Activity: Q4 2025 in Review
24 of the 8,228 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Flexible Municipal Income Fund (RFM) for Q4 2025, worth a combined $14.1M — up 18% from $12M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new RFM positions and 2 closed out — a net gain of 4 holders — while 5 added to existing stakes and 7 trimmed.
The largest buyer was Robinson Capital Management, adding an estimated $1.04M. The largest seller was UBS Group, cutting an estimated $742K.
- 24 institutional investors held RiverNorth Flexible Municipal Income Fund (RFM) as of Q4 2025, up from 20 in Q3 2025.
- Funds reported $14.1M of RiverNorth Flexible Municipal Income Fund stock for Q4 2025, up 18% quarter-over-quarter.
- 6 funds opened new RiverNorth Flexible Municipal Income Fund positions in Q4 2025 and 2 closed out, a net change of +4 holders.
- The largest RiverNorth Flexible Municipal Income Fund buyer in Q4 2025 was Robinson Capital Management, an estimated $1.04M added.
- The largest RiverNorth Flexible Municipal Income Fund seller in Q4 2025 was UBS Group, an estimated $742K sold.
Based on aggregated 13F filings for Q4 2025.