RFMZ Hedge Fund Ownership (Q2 2026)

Rivernorth Flexible Muni Inc (RFMZ)

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

Smart Money Signals — RFMZ

Based on 57 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds added RFMZ 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 (97% of max)

97% of all-time peak

57 hedge funds hold RFMZ 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.

📶

Steady growth — +10% more funds vs a year ago

fund count last 6Q

+5 new funds entered over the past year (+10% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟡

Slight buying edge — 56% buying

28 buying22 selling

Last quarter: 28 funds bought or added vs 22 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

➡️

Steady new buyers — ~9 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 7 → 14 → 6 → 9. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔒

46% of holders stayed for 2+ years

■ 46% conviction (2yr+) ■ 28% medium ■ 26% new

26 out of 57 hedge funds have held RFMZ 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

9 → 7 → 14 → 6 → 9 new funds/Q

New funds entering each quarter: 7 → 14 → 6 → 9. RFMZ 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 — 51% veterans vs 33% newcomers

■ 51% veterans ■ 16% 1-2yr ■ 33% new

Entry-cohort mix of 57 holders: 29 (51%) are 2+ year veterans, 9 entered 1–2 years ago, and 19 (33%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

✅

Strong quality — 31% AUM from major funds

31% from top-100 AUM funds

8 of 57 holders rank in the top 100 by AUM, accounting for 31% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

3.6

out of 10

Low Exit Risk

Exit risk score 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

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.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	57	56	1.79%
13F Shares	8M	7M	7.86%
Total Value	$106M	$93M	13.88%
New Positions	9	6	+3
Increased Positions	19	20	-1
Closed Positions	8	9	-1
Reduced Positions	14	15	-1
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

1.79%

13F Shares

7.86%

Total Value

$106M

$93M

13.88%

New Positions

Increased Positions

-1

Closed Positions

-1

Reduced Positions

-1

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q2)

57 + investors

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

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 RFMZ holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Robinson Capital Management, LLC	3.88%	643,727	$8.8M
2	Professional Financial Management, Inc.	2.49%	179,932	$2.5M
3	Closed-End Fund Advisors, Inc.	1.80%	135,328	$1.8M
4	Thomas J. Herzfeld Advisors, Inc.	1.02%	243,641	$3.3M
5	Atlas Wealth LLC	0.91%	467,361	$6.4M
6	Noble Wealth Management PBC	0.46%	74,697	$1.0M
7	Arlington Capital Management, Inc.	0.19%	22,384	$305K
8	Gateway Wealth Partners, LLC	0.14%	177,106	$2.4M
9	River Street Advisors LLC	0.11%	28,566	$389K
10	IFC Advisors LLC	0.11%	66,008	$900K
11	Karpus Management, Inc.	0.10%	254,285	$3.5M
12	Worth Asset Management, LLC	0.10%	21,831	$298K
13	PW Nova Financial Services LLC	0.09%	29,558	$403K
14	Riverbridge Partners LLC	0.06%	157,851	$2.2M
15	Rivernorth Capital Management, LLC	0.04%	66,008	$900K
16	Guggenheim Capital LLC	0.04%	432,947	$5.9M
17	Pathstone Holdings, LLC	0.03%	840,046	$11.4M
18	Oppenheimer & Co Inc	0.03%	178,522	$2.4M
19	Rockefeller Capital Management L.P.	0.02%	817,449	$11.1M
20	Caliber Wealth Management, LLC / Ks	0.02%	12,000	$164K
21	XML Financial, LLC	0.01%	10,000	$136K
22	Compass Financial Management LLC	0.01%	6,011	$82K
23	Wellspring Financial Advisors, LLC	0.01%	10,000	$136K
24	Carnegie Investment Counsel	0.01%	30,000	$409K
25	Concurrent Investment Advisors, LLC	0.01%	64,275	$876K

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 Muni Inc (RFMZ)

What does the Smart Money Trend signal show for RFMZ?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added RFMZ 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 RFMZ?

Slight buying edge — 56% buying: Last quarter: 28 funds bought or added vs 22 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for RFMZ holders?

Strong quality — 31% AUM from major funds: 8 of 57 holders rank in the top 100 by AUM, accounting for 31% 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 RFMZ?

46% of holders stayed for 2+ years: 26 out of 57 hedge funds have held RFMZ 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.

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Rivernorth Flexible Muni Inc (RFMZ)

Smart Money Signals — RFMZ

Buying streak — 1 quarter in a row

At the ownership peak (97% of max)

Steady growth — +10% more funds vs a year ago

Slight buying edge — 56% buying

Steady new buyers — ~9 new funds per quarter

46% of holders stayed for 2+ years

Peak discovery — momentum slowing

Veteran-anchored — 51% veterans vs 33% newcomers

Strong quality — 31% AUM from major funds

Institutional Sentiment Summary — RFMZ

Hedge Fund Ownership: RFMZ

Market Analysis: RFMZ

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: RFMZ

Hedge Fund Positioning: RFMZ

Statistics: RFMZ

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Rivernorth Flexible Muni Inc (RFMZ)

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