RiverNorth Flexible Municipal Income Fund II
RFMZ
30 hedge funds and large institutions have $39M invested in RiverNorth Flexible Municipal Income Fund II in 2022 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 12 increasing their positions, 6 reducing their positions, and 4 closing their positions.
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
100% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 6
12% more capital invested
Capital invested by funds: $34.9M → $39M (+$4.11M)
11% more funds holding
Funds holding: 27 → 30 (+3)
1.15% more ownership
Funds ownership: 10.94% → 12.09% (+1.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.57M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.6M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.45M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$1.36M |
| 5 |
Rockefeller Capital Management
New York
|
+$1.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
-$1.59M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$617K |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$448K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$242K |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$190K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MA
26
MUFG Americas
New York
| $33K | +$36.3K | +2,500 | New |
|
|
WAM
27
Wolverine Asset Management
Chicago,
Illinois
| $25K | -$242K | -16,651 | -90% |
|
|
IA
28
IFP Advisors
Tampa,
Florida
| $7K | +$2.95K | +203 | +303% |
|
29
Bessemer Group
Woodbridge,
New Jersey
| $7K | +$5.7K | +392 | +240% |
|
|
30
VanEck Associates
New York
| – | -$1.59M | -109,209 | Closed |
|
|
CCP
31
Clough Capital Partners
Boston,
Massachusetts
| – | -$190K | -13,089 | Closed |
|
|
ACA
32
Ackerman Capital Advisors
Dallas,
Texas
| – | -$169K | -11,591 | Closed |
|
33
Citigroup
New York
| – | -$6K | -400 | Closed |
|
RFMZ Hedge Fund Activity: Q3 2022 in Review
30 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Flexible Municipal Income Fund II (RFMZ) for Q3 2022, worth a combined $39M — up 12% from $34.9M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new RFMZ positions and 4 closed out — a net gain of 4 holders — while 12 added to existing stakes and 6 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $2.57M. The largest seller was VanEck Associates, exiting entirely with an estimated $1.59M sold.
- 30 institutional investors held RiverNorth Flexible Municipal Income Fund II (RFMZ) as of Q3 2022, up from 27 in Q2 2022.
- Funds reported $39M of RiverNorth Flexible Municipal Income Fund II stock for Q3 2022, up 12% quarter-over-quarter.
- 8 funds opened new RiverNorth Flexible Municipal Income Fund II positions in Q3 2022 and 4 closed out, a net change of +4 holders.
- The largest RiverNorth Flexible Municipal Income Fund II buyer in Q3 2022 was Morgan Stanley, an estimated $2.57M added.
- The largest RiverNorth Flexible Municipal Income Fund II seller in Q3 2022 was VanEck Associates, an estimated $1.59M sold.
Based on aggregated 13F filings for Q3 2022.