RiverNorth Flexible Municipal Income Fund II
RFMZ
41 hedge funds and large institutions have $73.3M invested in RiverNorth Flexible Municipal Income Fund II in 2024 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 19 increasing their positions, 11 reducing their positions, and 8 closing their positions.
73% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 11
0.73% less ownership
Funds ownership: 21.48% → 20.75% (-0.73%)
13% less funds holding
Funds holding: 47 → 41 (-6)
39% less capital inflows, than outflows
Capital inflows: $3.91M | Capital outflows: $6.42M
75% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
+$1.28M |
| 2 |
Oppenheimer & Co
New York
|
+$676K |
| 3 |
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$371K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$348K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$228K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Karpus Investment Management
Pittsford,
New York
|
-$2.38M |
| 2 |
Absolute Investment Advisers
Rosemary Beach,
Florida
|
-$734K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$694K |
| 4 |
Corient Private Wealth
Miami,
Florida
|
-$567K |
| 5 |
Cohen & Steers
New York
|
-$425K |
RFMZ Hedge Fund Activity: Q3 2024 in Review
41 of the 6,985 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Flexible Municipal Income Fund II (RFMZ) for Q3 2024, worth a combined $73.3M — down 0.92% from $74M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of RFMZ and 2 opened new positions — a net loss of 6 holders — while 11 trimmed existing stakes and 19 added.
The largest buyer was Stifel Financial, adding an estimated $1.28M. The largest seller was Karpus Investment Management, cutting an estimated $2.38M.
- 41 institutional investors held RiverNorth Flexible Municipal Income Fund II (RFMZ) as of Q3 2024, down from 47 in Q2 2024.
- Funds reported $73.3M of RiverNorth Flexible Municipal Income Fund II stock for Q3 2024, down 0.92% quarter-over-quarter.
- 2 funds opened new RiverNorth Flexible Municipal Income Fund II positions in Q3 2024 and 8 closed out, a net change of -6 holders.
- The largest RiverNorth Flexible Municipal Income Fund II buyer in Q3 2024 was Stifel Financial, an estimated $1.28M added.
- The largest RiverNorth Flexible Municipal Income Fund II seller in Q3 2024 was Karpus Investment Management, an estimated $2.38M sold.
Based on aggregated 13F filings for Q3 2024.