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RFMZ

RiverNorth Flexible Municipal Income Fund II
RFMZ

26 hedge funds and large institutions have $29.4M invested in RiverNorth Flexible Municipal Income Fund II in 2022 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 10 increasing their positions, 2 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 2

200% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 4

37% more funds holding

Funds holding: 19 → 26 (+7)

35% more capital invested

Capital invested by funds: $21.8M → $29.4M (+$7.62M)

3.42% more ownership

Funds ownership: 4.98% → 8.4% (+3.4%)

Holders
26
Holders Change
+7
Holders Change %
+36.84%
% of All Funds
0.41%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
10
Reduced
2
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$2.97M
2
VanEck Associates
VanEck Associates
New York
+$2.34M
3
Stifel Financial
Stifel Financial
Missouri
+$1.46M
4
RCM
Robinson Capital Management
Michigan
+$1.24M
5
Wells Fargo
Wells Fargo
California
+$1.11M

Top Sellers

Rank Fund Capital Flow
1
ACA
Ackerman Capital Advisors
Texas
-$531K
2
Osaic Holdings
Osaic Holdings
Arizona
-$263K
3
HKIM
Hayek Kallen Investment Management
Alabama
-$82.9K
4
GWM
Geneos Wealth Management
Colorado
-$32K
5
CA
CoreCap Advisors
Michigan
-$28K
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
1
UBS Group
Switzerland
$6.15M +$2.97M +170,030 +83%
Rockefeller Capital Management
2
Rockefeller Capital Management
New York
$5.64M +$709K +40,627 +13%
Wells Fargo
3
Wells Fargo
California
$2.28M +$1.11M +63,897 +85%
VanEck Associates
4
VanEck Associates
New York
$2.2M +$2.34M +133,992 New
HKIM
5
Hayek Kallen Investment Management
Alabama
$1.61M -$82.9K -4,750 -5%
WS
6
Wedbush Securities
California
$1.41M +$494K +28,338 +49%
Stifel Financial
7
Stifel Financial
Missouri
$1.37M +$1.46M +83,489 New
CAN
8
Cetera Advisor Networks
California
$1.3M +$83.9K +4,809 +6%
RCM
9
Robinson Capital Management
Michigan
$1.17M +$1.24M +71,204 New
CA
10
Corrado Advisors
New Jersey
$844K +$898K +51,439 New
Royal Bank of Canada
11
Royal Bank of Canada
Ontario, Canada
$764K +$77.8K +4,460 +11%
Millennium Management
12
Millennium Management
New York
$697K +$742K +42,507 New
H6H
13
Hightower 6M Holding
Kansas
$546K +$581K +33,312 New
CIC
14
Carnegie Investment Counsel
Ohio
$492K – – –
Morgan Stanley
15
Morgan Stanley
New York
$456K +$145K +8,322 +43%
XF
16
XML Financial
Maryland
$422K +$122K +7,000 +37%
PPA
17
Parametric Portfolio Associates
Washington
$411K +$437K +25,048 New
MC
18
Mathes Company
New York
$410K – – –
CCP
19
Clough Capital Partners
Massachusetts
$372K +$57.5K +3,294 +17%
VF
20
Virtu Financial
New York
$354K +$376K +21,577 New
Envestnet Asset Management
21
Envestnet Asset Management
Illinois
$189K +$201K +11,500 New
MHS
22
M Holdings Securities
Oregon
$164K +$174K +10,000 New
Osaic Holdings
23
Osaic Holdings
Arizona
$124K -$263K -15,089 -19%
WAM
24
Wolverine Asset Management
Illinois
$26K +$24.6K +1,411 +706%
Bessemer Group
25
Bessemer Group
New Jersey
$9K +$9.13K +523 New
1
2

RFMZ Hedge Fund Activity: Q1 2022 in Review

26 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Flexible Municipal Income Fund II (RFMZ) for Q1 2022, worth a combined $29.4M — up 35% from $21.8M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new RFMZ positions and 4 closed out — a net gain of 8 holders — while 10 added to existing stakes and 2 trimmed.

The largest buyer was UBS Group, adding an estimated $2.97M. The largest seller was Ackerman Capital Advisors, exiting entirely with an estimated $531K sold.

  • 26 institutional investors held RiverNorth Flexible Municipal Income Fund II (RFMZ) as of Q1 2022, up from 19 in Q4 2021.
  • Funds reported $29.4M of RiverNorth Flexible Municipal Income Fund II stock for Q1 2022, up 35% quarter-over-quarter.
  • 12 funds opened new RiverNorth Flexible Municipal Income Fund II positions in Q1 2022 and 4 closed out, a net change of +8 holders.
  • The largest RiverNorth Flexible Municipal Income Fund II buyer in Q1 2022 was UBS Group, an estimated $2.97M added.
  • The largest RiverNorth Flexible Municipal Income Fund II seller in Q1 2022 was Ackerman Capital Advisors, an estimated $531K sold.

Based on aggregated 13F filings for Q1 2022.