Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Rivernorth Flexible Mun Inco (RFM)

25 + Investors. Track Smart Money conviction in RFM. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +1
Streak
4Q ▲
Buyers last Q
70%

Smart Money Signals — RFM

Based on 25 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds added RFM than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
25 hedge funds hold RFM right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +56% more funds vs a year ago

fund count last 6Q
+9 new funds entered over the past year (+56% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟢

More buyers than sellers — 70% buying

16 buying7 selling
Last quarter: 16 funds were net buyers (4 opened a brand new position + 12 added to an existing one). Only 7 were sellers (4 trimmed + 3 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~4 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 4 → 6 → 3 → 4. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

44% of holders stayed for 2+ years

■ 44% conviction (2yr+) ■ 32% medium ■ 24% new
11 out of 25 hedge funds have held RFM for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📊

Peak discovery — momentum slowing

1 → 4 → 6 → 3 → 4 new funds/Q
New funds entering each quarter: 4 → 6 → 3 → 4. RFM is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 52% veterans vs 36% newcomers

■ 52% veterans ■ 12% 1-2yr ■ 36% new
Entry-cohort mix of 25 holders: 13 (52%) are 2+ year veterans, 3 entered 1–2 years ago, and 9 (36%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 38% AUM from major funds

38% from top-100 AUM funds
6 of 25 holders rank in the top 100 by AUM, accounting for 38% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.1
out of 10
Moderate Exit Risk
Exit risk score 4.1/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — RFM

In 2026 Q2, 16 hedge funds were net buyers of RFM (4 opened a new position, 12 added to an existing one), while 7 reduced or exited (4 trimmed, 3 sold completely) — a 70% buyer ratio, indicating clear institutional accumulation. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. 38% of total institutional value in RFM is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +1 funds (more new holders than closures). Total institutional holders: 25.

Hedge Fund Ownership: RFM

How many hedge funds hold RFM — quarterly history vs. share price
Quarterly hedge fund ownership of RFM vs. share price

Market Analysis: RFM

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: RFM

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

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Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

1 top-rated funds 0 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
0.4
/ 10
conviction
Hedge Fund Positioning: RFM
25 + Investors

Track Smart Money conviction in RFM. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 25 24 4.17%
13F Shares 1M 1M 13.84%
Total Value $17M $14M 19.77%
New Positions 4 3 +1
Increased Positions 12 7 +5
Closed Positions 3 2 +1
Reduced Positions 4 6 -2
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: RFM

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Institutional Holders (2026 Q2)

25 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in RFM. Verified SEC 13F-HR filings.

QUARTER:
Top 24 RFM holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Robinson Capital Management, LLC 1.01% 154,999 $2.3M
2 Professional Financial Management, Inc. 0.96% 64,360 $951K
3 Estate Planners Group, LLC 0.37% 54,853 $811K
4 Thomas J. Herzfeld Advisors, Inc. 0.36% 79,341 $1.2M
5 Closed-End Fund Advisors, Inc. 0.23% 15,820 $234K
6 Noble Wealth Management PBC 0.10% 15,342 $227K
7 River Street Advisors LLC 0.08% 18,864 $279K
8 Rivernorth Capital Management, LLC 0.04% 63,987 $946K
9 Guggenheim Capital LLC 0.01% 115,139 $1.7M
10 Highline Wealth Partners LLC 0.00% 1,000 $15K
11 Apollon Wealth Management, LLC 0.00% 13,500 $200K
12 Capital Investment Advisors, LLC 0.00% 12,250 $181K
13 NewEdge Advisors, LLC 0.00% 34,378 $508K
14 Blue Bell Private Wealth Management, LLC 0.00% 500 $7K
15 &Partners 0.00% 12,398 $183K
16 Wells Fargo & Company/Mn 0.00% 144,055 $2.1M
17 Osaic Holdings, INC. 0.00% 16,049 $237K
18 Stifel Financial Corp 0.00% 14,925 $221K
19 Royal Bank of Canada 0.00% 69,635 $1.0M
20 UBS Group AG 0.00% 69,086 $1.0M
21 Raymond James Financial Inc 0.00% 27,048 $400K
22 Morgan Stanley 0.00% 124,718 $1.8M
23 LPL Financial LLC 0.00% 13,241 $196K
24 Clear Street Group Inc. 0.00% 339 $5K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Rivernorth Flexible Mun Inco (RFM)

What does the Smart Money Trend signal show for RFM?

Buying streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds added RFM than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for RFM?

More buyers than sellers — 70% buying: Last quarter: 16 funds were net buyers (4 opened a brand new position + 12 added to an existing one). Only 7 were sellers (4 trimmed + 3 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for RFM holders?

Strong quality — 38% AUM from major funds: 6 of 25 holders rank in the top 100 by AUM, accounting for 38% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held RFM?

44% of holders stayed for 2+ years: 11 out of 25 hedge funds have held RFM for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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