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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rockefeller Capital Management
New York
|
+$1.71M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$870K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$564K |
| 4 |
PI
PFG Investments
Woodbury,
New York
|
+$352K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$317K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.12M |
| 2 |
AWM
Avior Wealth Management
Omaha,
Nebraska
|
-$535K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$473K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$242K |
| 5 |
WT
Whittier Trust
South Pasadena,
California
|
-$210K |
RFMZ Hedge Fund Activity: Q2 2024 in Review
47 of the 6,935 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.