We are live on ! Find out more
RFMZ

RiverNorth Flexible Municipal Income Fund II
RFMZ

12 hedge funds and large institutions have $18.4M invested in RiverNorth Flexible Municipal Income Fund II in 2021 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 1 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

600% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 1

47% more capital invested

Capital invested by funds: $12.6M → $18.4M (+$5.87M)

1.34% more ownership

Funds ownership: 2.79% → 4.13% (+1.3%)

14% less funds holding

Funds holding: 14 → 12 (-2)

33% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 3

Holders
12
Holders Change
-2
Holders Change %
-14.29%
% of All Funds
0.21%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
7
Reduced
1
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$2.13M
2
UBS Group
UBS Group
Switzerland
+$1.99M
3
CAN
Cetera Advisor Networks
California
+$1.44M
4
WS
Wedbush Securities
California
+$925K
5
XF
XML Financial
Maryland
+$406K

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$377K
2
BRWM
B. Riley Wealth Management
Tennessee
-$289K
3
WAM
Wolverine Asset Management
Illinois
-$180K
4
Wells Fargo
Wells Fargo
California
-$179K
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
1
UBS Group
Switzerland
$4.37M +$1.99M +94,458 +78%
Rockefeller Capital Management
2
Rockefeller Capital Management
New York
$4.15M +$2.13M +101,094 +97%
HKIM
3
Hayek Kallen Investment Management
Alabama
$1.88M +$248K +11,750 +14%
Wells Fargo
4
Wells Fargo
California
$1.46M -$179K -8,464 -11%
CAN
5
Cetera Advisor Networks
California
$1.38M +$1.44M +68,060 New
Osaic Holdings
6
Osaic Holdings
Arizona
$1.34M +$167K +7,938 +14%
Royal Bank of Canada
7
Royal Bank of Canada
Ontario, Canada
$1.14M +$129K +6,113 +12%
WS
8
Wedbush Securities
California
$1.14M +$925K +43,861 +358%
CIC
9
Carnegie Investment Counsel
Ohio
$608K – – –
MC
10
Mathes Company
New York
$507K – – –
XF
11
XML Financial
Maryland
$390K +$406K +19,250 New
Morgan Stanley
12
Morgan Stanley
New York
$57K +$28K +1,325 +88%
Citadel Advisors
13
Citadel Advisors
Florida
– -$377K -18,475 Closed
BRWM
14
B. Riley Wealth Management
Tennessee
– -$289K -14,173 Closed
WAM
15
Wolverine Asset Management
Illinois
– -$180K -8,836 Closed

RFMZ Hedge Fund Activity: Q3 2021 in Review

12 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Flexible Municipal Income Fund II (RFMZ) for Q3 2021, worth a combined $18.4M — up 47% from $12.6M a quarter earlier.

Sellers outnumbered buyers: 3 funds closed out of RFMZ and 2 opened new positions — a net loss of 1 holder — while 1 trimmed existing stakes and 7 added.

The largest buyer was Rockefeller Capital Management, adding an estimated $2.13M. The largest seller was Citadel Advisors, exiting entirely with an estimated $377K sold.

  • 12 institutional investors held RiverNorth Flexible Municipal Income Fund II (RFMZ) as of Q3 2021, down from 14 in Q2 2021.
  • Funds reported $18.4M of RiverNorth Flexible Municipal Income Fund II stock for Q3 2021, up 47% quarter-over-quarter.
  • 2 funds opened new RiverNorth Flexible Municipal Income Fund II positions in Q3 2021 and 3 closed out, a net change of -1 holder.
  • The largest RiverNorth Flexible Municipal Income Fund II buyer in Q3 2021 was Rockefeller Capital Management, an estimated $2.13M added.
  • The largest RiverNorth Flexible Municipal Income Fund II seller in Q3 2021 was Citadel Advisors, an estimated $377K sold.

Based on aggregated 13F filings for Q3 2021.