RiverNorth Flexible Municipal Income Fund II
RFMZ
54 hedge funds and large institutions have $80.4M invested in RiverNorth Flexible Municipal Income Fund II in 2024 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 15 increasing their positions, 10 reducing their positions, and 3 closing their positions.
500% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 3
50% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 10
32% more funds holding
Funds holding: 41 → 54 (+13)
10% more capital invested
Capital invested by funds: $73.3M → $80.4M (+$7.08M)
3.87% more ownership
Funds ownership: 20.75% → 24.62% (+3.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
+$4.37M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$2.71M |
| 3 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
+$1.94M |
| 4 |
QL
Quarry LP
New York
|
+$1.69M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.98M |
| 2 |
Corient Private Wealth
Miami,
Florida
|
-$941K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$857K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$614K |
| 5 |
Morgan Stanley
New York
|
-$335K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $33.5K | +$35.2K | +2,500 | New |
|
|
PTC
52
Private Trust Company
Cleveland,
Ohio
| $11.9K | – | – | – |
|
|
AWM
53
Avior Wealth Management
Omaha,
Nebraska
| $11.6K | +$12.2K | +866 | New |
|
54
Bessemer Group
Woodbridge,
New Jersey
| $10K | -$10.5K | -748 | -50% |
|
|
CCG
55
Catalina Capital Group
Torrance,
California
| – | -$309K | -21,299 | Closed |
|
|
WFA
56
WMG Financial Advisors
Knoxville,
Tennessee
| – | -$215K | -14,850 | Closed |
|
|
HKIM
57
Hayek Kallen Investment Management
Fairhope,
Alabama
| – | -$163K | -11,250 | Closed |
|
RFMZ Hedge Fund Activity: Q4 2024 in Review
54 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Flexible Municipal Income Fund II (RFMZ) for Q4 2024, worth a combined $80.4M — up 9.7% from $73.3M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new RFMZ positions and 3 closed out — a net gain of 15 holders — while 15 added to existing stakes and 10 trimmed.
The largest buyer was Absolute Investment Advisers, opening a new position worth an estimated $4.37M. The largest seller was Karpus Investment Management, cutting an estimated $1.98M.
- 54 institutional investors held RiverNorth Flexible Municipal Income Fund II (RFMZ) as of Q4 2024, up from 41 in Q3 2024.
- Funds reported $80.4M of RiverNorth Flexible Municipal Income Fund II stock for Q4 2024, up 9.7% quarter-over-quarter.
- 18 funds opened new RiverNorth Flexible Municipal Income Fund II positions in Q4 2024 and 3 closed out, a net change of +15 holders.
- The largest RiverNorth Flexible Municipal Income Fund II buyer in Q4 2024 was Absolute Investment Advisers, an estimated $4.37M added.
- The largest RiverNorth Flexible Municipal Income Fund II seller in Q4 2024 was Karpus Investment Management, an estimated $1.98M sold.
Based on aggregated 13F filings for Q4 2024.