RiverNorth Flexible Municipal Income Fund II
RFMZ
27 hedge funds and large institutions have $34.9M invested in RiverNorth Flexible Municipal Income Fund II in 2022 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 10 increasing their positions, 6 reducing their positions, and 5 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 6
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
19% more capital invested
Capital invested by funds: $29.4M → $34.9M (+$5.51M)
4% more funds holding
Funds holding: 26 → 27 (+1)
2.54% more ownership
Funds ownership: 8.4% → 10.94% (+2.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
+$3.04M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$2.47M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.76M |
| 4 |
Rockefeller Capital Management
New York
|
+$1.07M |
| 5 |
Morgan Stanley
New York
|
+$788K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$697K |
| 2 |
H6H
Hightower 6M Holding
Wichita,
Kansas
|
-$546K |
| 3 |
XF
XML Financial
Bethesda,
Maryland
|
-$422K |
| 4 |
VanEck Associates
New York
|
-$373K |
| 5 |
VF
Virtu Financial
New York
|
-$354K |
RFMZ Hedge Fund Activity: Q2 2022 in Review
27 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Flexible Municipal Income Fund II (RFMZ) for Q2 2022, worth a combined $34.9M — up 19% from $29.4M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new RFMZ positions and 5 closed out — a net gain of 2 holders — while 10 added to existing stakes and 6 trimmed.
The largest buyer was Stifel Financial, adding an estimated $3.04M. The largest seller was Millennium Management, exiting entirely with an estimated $697K sold.
- 27 institutional investors held RiverNorth Flexible Municipal Income Fund II (RFMZ) as of Q2 2022, up from 26 in Q1 2022.
- Funds reported $34.9M of RiverNorth Flexible Municipal Income Fund II stock for Q2 2022, up 19% quarter-over-quarter.
- 7 funds opened new RiverNorth Flexible Municipal Income Fund II positions in Q2 2022 and 5 closed out, a net change of +2 holders.
- The largest RiverNorth Flexible Municipal Income Fund II buyer in Q2 2022 was Stifel Financial, an estimated $3.04M added.
- The largest RiverNorth Flexible Municipal Income Fund II seller in Q2 2022 was Millennium Management, an estimated $697K sold.
Based on aggregated 13F filings for Q2 2022.