RiverNorth Flexible Municipal Income Fund II
RFMZ
54 hedge funds and large institutions have $80.4M invested in RiverNorth Flexible Municipal Income Fund II in 2024 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 15 increasing their positions, 10 reducing their positions, and 3 closing their positions.
500% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 3
236% more capital inflows, than outflows
Capital inflows: $19.5M | Capital outflows: $5.78M
50% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 10
32% more funds holding
Funds holding: 41 → 54 (+13)
3.87% more ownership
Funds ownership: 20.75% → 24.62% (+3.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Absolute Investment Advisers
Rosemary Beach,
Florida
|
+$4.37M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$2.71M |
| 3 |
Independent Advisor Alliance
Charlotte,
North Carolina
|
+$1.94M |
| 4 |
Quarry LP
New York
|
+$1.69M |
| 5 |
Wolverine Asset Management
Chicago,
Illinois
|
+$1.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Karpus Investment Management
Pittsford,
New York
|
-$1.98M |
| 2 |
Corient Private Wealth
Miami,
Florida
|
-$941K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$857K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$614K |
| 5 |
Morgan Stanley
New York
|
-$335K |
RFMZ Hedge Fund Activity: Q4 2024 in Review
54 of the 7,616 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Flexible Municipal Income Fund II (RFMZ) for Q4 2024, worth a combined $80.4M — up 9.7% from $73.3M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new RFMZ positions and 3 closed out — a net gain of 15 holders — while 15 added to existing stakes and 10 trimmed.
The largest buyer was Absolute Investment Advisers, opening a new position worth an estimated $4.37M. The largest seller was Karpus Investment Management, cutting an estimated $1.98M.
- 54 institutional investors held RiverNorth Flexible Municipal Income Fund II (RFMZ) as of Q4 2024, up from 41 in Q3 2024.
- Funds reported $80.4M of RiverNorth Flexible Municipal Income Fund II stock for Q4 2024, up 9.7% quarter-over-quarter.
- 18 funds opened new RiverNorth Flexible Municipal Income Fund II positions in Q4 2024 and 3 closed out, a net change of +15 holders.
- The largest RiverNorth Flexible Municipal Income Fund II buyer in Q4 2024 was Absolute Investment Advisers, an estimated $4.37M added.
- The largest RiverNorth Flexible Municipal Income Fund II seller in Q4 2024 was Karpus Investment Management, an estimated $1.98M sold.
Based on aggregated 13F filings for Q4 2024.