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RFMZ

RiverNorth Flexible Municipal Income Fund II
RFMZ

47 hedge funds and large institutions have $74M invested in RiverNorth Flexible Municipal Income Fund II in 2024 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 19 increasing their positions, 12 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

167% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 3

58% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 12

12% more funds holding

Funds holding: 42 → 47 (+5)

5% more capital invested

Capital invested by funds: $70.5M → $74M (+$3.44M)

0.82% more ownership

Funds ownership: 20.66% → 21.48% (+0.82%)

Holders
47
Holders Change
+5
Holders Change %
+11.9%
% of All Funds
0.68%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
19
Reduced
12
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$1.71M
2
Wells Fargo
Wells Fargo
California
+$870K
3
Stifel Financial
Stifel Financial
Missouri
+$564K
4
PI
PFG Investments
New York
+$352K
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$317K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.12M
2
AWM
Avior Wealth Management
Nebraska
-$535K
3
LCM
Landscape Capital Management
New Jersey
-$473K
4
AA
AQR Arbitrage
Connecticut
-$242K
5
WT
Whittier Trust
California
-$210K
Name Holding Trade Value Shares
Change 		Change in
Stake
QL
26
Quarry LP
New York
$296K -$82.4K -5,931 -22%
FWM
27
Fairhaven Wealth Management
Illinois
$275K – – –
RJFSA
28
Raymond James Financial Services Advisors
Florida
$231K – – –
Janney Montgomery Scott
29
Janney Montgomery Scott
Pennsylvania
$227K +$917 +66 +0.4%
RJA
30
Raymond James & Associates
Florida
$222K +$2.24K +161 +1%
Comerica Bank
31
Comerica Bank
Texas
$200K -$3.31K -238 -2%
LCM
32
Landscape Capital Management
New Jersey
$200K -$473K -34,013 -71%
WFA
33
WMG Financial Advisors
Tennessee
$197K +$194K +13,950 New
MC
34
Moors & Cabot
Massachusetts
$184K -$20.8K -1,500 -10%
Commonwealth Equity Services
35
Commonwealth Equity Services
Massachusetts
$173K +$2.06K +148 +1%
NA
36
NewEdge Advisors
Louisiana
$173K +$170K +12,200 New
SW
37
SteelPeak Wealth
California
$163K +$160K +11,500 New
HKIM
38
Hayek Kallen Investment Management
Alabama
$159K -$17.4K -1,250 -10%
P
39
&Partners
Tennessee
$157K +$13.9K +1,000 +10%
CCG
40
Catalina Capital Group
California
$154K +$152K +10,911 New
HH
41
Hilltop Holdings
Texas
$150K – – –
WFA
42
Wellspring Financial Advisors
Ohio
$141K – – –
MFG
43
Mosaic Financial Group
Illinois
$141K – – –
WAM
44
Wolverine Asset Management
Illinois
$60.2K +$56.4K +4,056 +2,028%
EWA
45
EverSource Wealth Advisors
Alabama
$50.4K +$48.6K +3,500 New
Bank of America
46
Bank of America
North Carolina
$21.2K +$20.8K +1,500 New
PTC
47
Private Trust Company
Ohio
$12.5K – – –
AWM
48
Avior Wealth Management
Nebraska
– -$535K -38,115 Closed
AA
49
AQR Arbitrage
Connecticut
– -$242K -17,249 Closed
WT
50
Whittier Trust
California
– -$210K -15,000 Closed
1
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RFMZ Hedge Fund Activity: Q2 2024 in Review

47 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Flexible Municipal Income Fund II (RFMZ) for Q2 2024, worth a combined $74M — up 4.9% from $70.5M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new RFMZ positions and 3 closed out — a net gain of 5 holders — while 19 added to existing stakes and 12 trimmed.

The largest buyer was Rockefeller Capital Management, adding an estimated $1.71M. The largest seller was Morgan Stanley, cutting an estimated $1.12M.

  • 47 institutional investors held RiverNorth Flexible Municipal Income Fund II (RFMZ) as of Q2 2024, up from 42 in Q1 2024.
  • Funds reported $74M of RiverNorth Flexible Municipal Income Fund II stock for Q2 2024, up 4.9% quarter-over-quarter.
  • 8 funds opened new RiverNorth Flexible Municipal Income Fund II positions in Q2 2024 and 3 closed out, a net change of +5 holders.
  • The largest RiverNorth Flexible Municipal Income Fund II buyer in Q2 2024 was Rockefeller Capital Management, an estimated $1.71M added.
  • The largest RiverNorth Flexible Municipal Income Fund II seller in Q2 2024 was Morgan Stanley, an estimated $1.12M sold.

Based on aggregated 13F filings for Q2 2024.