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RFMZ

RiverNorth Flexible Municipal Income Fund II
RFMZ

27 hedge funds and large institutions have $34.9M invested in RiverNorth Flexible Municipal Income Fund II in 2022 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 10 increasing their positions, 6 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 6

40% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 5

19% more capital invested

Capital invested by funds: $29.4M → $34.9M (+$5.51M)

4% more funds holding

Funds holding: 26 → 27 (+1)

2.54% more ownership

Funds ownership: 8.4% → 10.94% (+2.5%)

Holders
27
Holders Change
+1
Holders Change %
+3.85%
% of All Funds
0.45%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
10
Reduced
6
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Stifel Financial
Stifel Financial
Missouri
+$3.04M
2
Wells Fargo
Wells Fargo
California
+$2.47M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.76M
4
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$1.07M
5
Morgan Stanley
Morgan Stanley
New York
+$788K

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$697K
2
H6H
Hightower 6M Holding
Kansas
-$546K
3
XF
XML Financial
Maryland
-$422K
4
VanEck Associates
VanEck Associates
New York
-$373K
5
VF
Virtu Financial
New York
-$354K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bessemer Group
26
Bessemer Group
New Jersey
$2K -$5.42K -360 -69%
Millennium Management
27
Millennium Management
New York
– -$697K -42,507 Closed
H6H
28
Hightower 6M Holding
Kansas
– -$546K -33,312 Closed
XF
29
XML Financial
Maryland
– -$422K -25,750 Closed
VF
30
Virtu Financial
New York
– -$354K -21,577 Closed
Envestnet Asset Management
31
Envestnet Asset Management
Illinois
– -$189K -11,500 Closed
Carson Wealth (CWM LLC)
32
Carson Wealth (CWM LLC)
Nebraska
– +$241 +16 New
1
2

RFMZ Hedge Fund Activity: Q2 2022 in Review

27 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Flexible Municipal Income Fund II (RFMZ) for Q2 2022, worth a combined $34.9M — up 19% from $29.4M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new RFMZ positions and 5 closed out — a net gain of 2 holders — while 10 added to existing stakes and 6 trimmed.

The largest buyer was Stifel Financial, adding an estimated $3.04M. The largest seller was Millennium Management, exiting entirely with an estimated $697K sold.

  • 27 institutional investors held RiverNorth Flexible Municipal Income Fund II (RFMZ) as of Q2 2022, up from 26 in Q1 2022.
  • Funds reported $34.9M of RiverNorth Flexible Municipal Income Fund II stock for Q2 2022, up 19% quarter-over-quarter.
  • 7 funds opened new RiverNorth Flexible Municipal Income Fund II positions in Q2 2022 and 5 closed out, a net change of +2 holders.
  • The largest RiverNorth Flexible Municipal Income Fund II buyer in Q2 2022 was Stifel Financial, an estimated $3.04M added.
  • The largest RiverNorth Flexible Municipal Income Fund II seller in Q2 2022 was Millennium Management, an estimated $697K sold.

Based on aggregated 13F filings for Q2 2022.