Vault-13

RIVERNORTH FLEXIBLE MUNI INC RFMZ

COM · Closed-End Fund · CUSIP 76883Y107

57 institutional holders -1 vs Q1 2026
7,915,7957.9m shares reported held*
$107.9mreported value*
5 new 18 added 15 reduced 7 sold out net bought ≈ $2.1m (+188.5k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $13.63.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 31Q4 22: 37Q1 23: 28Q2 23: 31Q3 23: 34Q4 23: 45Q1 24: 43Q2 24: 48Q3 24: 42Q4 24: 55Q1 25: 49Q2 25: 54Q3 25: 55Q4 25: 62Q1 26: 58Q2 26: 5757Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202231
Q4 202237
Q1 202328
Q2 202331
Q3 202334
Q4 202345
Q1 202443
Q2 202448
Q3 202442
Q4 202455
Q1 202549
Q2 202554
Q3 202555
Q4 202562
Q1 202658
Q2 202657

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q3 24: 21 bought or addedQ3 24: 19 cut or sold outQ4 24: 31 bought or addedQ4 24: 13 cut or sold outQ4 24Q1 25: 25 bought or addedQ1 25: 21 cut or sold outQ2 25: 29 bought or addedQ2 25: 16 cut or sold outQ2 25Q3 25: 24 bought or addedQ3 25: 22 cut or sold outQ4 25: 31 bought or addedQ4 25: 23 cut or sold outQ4 25Q1 26: 26 bought or addedQ1 26: 23 cut or sold outQ2 26: 23 bought or addedQ2 26: 22 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20242119
Q4 20243113
Q1 20252521
Q2 20252916
Q3 20252422
Q4 20253123
Q1 20262623
Q2 20262322

Biggest buyers

GUGGENHEIM CAPITAL LLC Added +318,435+318.4k
Pathstone Holdings, LLC Added +293,967+294.0k
Atlas Wealth LLC Added +130,408+130.4k
IFC Advisors LLC Added +36,008+36.0k
PW Nova Financial Services LLC New +29,558+29.6k
Worth Asset Management, LLC New +21,831+21.8k
Concurrent Investment Advisors, LLC Added +19,800+19.8k
WEDBUSH SECURITIES INC Added +18,635+18.6k
Beacon Pointe Advisors, LLC New +17,210+17.2k
Noble Wealth Management PBC Added +16,579+16.6k

Biggest sellers

Saba Capital Management, L.P. Sold out -288,116-288.1k
Gateway Wealth Partners, LLC Reduced -173,952-174.0k
UBS Group AG Reduced -69,214-69.2k
Logan Stone Capital, LLC Sold out -67,255-67.3k
RIVERBRIDGE PARTNERS LLC Reduced -67,206-67.2k
Matisse Capital Sold out -49,190-49.2k
PW Nova Financial Services LLC Sold out -32,615-32.6k
TRUIST FINANCIAL CORP Sold out -16,146-16.1k
WELLS FARGO & COMPANY/MN Reduced -14,602-14.6k
STIFEL FINANCIAL CORP Reduced -13,043-13.0k

Insider purchases and sales since 1 Apr 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Pathstone Holdings, LLC 0.03% of their portfolio ENGLEWOOD, NJ 840,046840.0k $11.4m $11.4m 0.03% Added +294.0k +293,967
2 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 817,449817.4k $11.1m $11.1m 0.02% Added +6.0k +5,997
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 700,248700.2k $9.5m $9.5m 0.00% Added +2.7k +2,704
4 ROBINSON CAPITAL MANAGEMENT, LLC 3.88% of their portfolio GROSSE POINTE FARMS, MI 643,727643.7k $8.8m $8.8m 3.88% Unchanged
5 UBS Group AG 0.00% of their portfolio ZURICH, V8 534,335534.3k $7.3m $7.3m 0.00% Reduced -69.2k -69,214
6 Atlas Wealth LLC 0.91% of their portfolio CINCINNATI, OH 467,361467.4k $6.4m $6.4m 0.91% Added +130.4k +130,408
7 GUGGENHEIM CAPITAL LLC 0.04% of their portfolio CHICAGO, IL 432,947432.9k $5.9m $5.9m 0.04% Added +318.4k +318,435
8 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 375,956376.0k $5.1m $5.1m 0.00% Reduced -14.6k -14,602
9 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 351,752351.8k $4.8m $4.8m 0.00% Reduced -3.3k -3,290
10 Karpus Management, Inc. 0.10% of their portfolio Pittsford, NY 254,285254.3k $3.5m $3.5m 0.10% Reduced -8.9k -8,900
11 Thomas J. Herzfeld Advisors, Inc. 1.02% of their portfolio MIAMI BEACH, FL 243,641243.6k $3.3m $3.3m 1.02% Added +14.0k +14,007
12 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 220,563220.6k $3.0m $3.0m 0.00% Reduced -13.0k -13,043
13 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 187,033187.0k $2.5m $2.5m 0.00% Added +12.7k +12,736
14 Professional Financial Management, Inc. 2.49% of their portfolio APPLETON, WI 179,932179.9k $2.5m $2.5m 2.49% Reduced -4.0k -4,001
15 OPPENHEIMER & CO INC 0.03% of their portfolio NEW YORK, NY 178,522178.5k $2.4m $2.4m 0.03% Reduced -8.4k -8,435
16 Gateway Wealth Partners, LLC 0.14% of their portfolio APPLETON, WI 177,106177.1k $2.4m $2.4m 0.14% Reduced -174.0k -173,952
17 RIVERBRIDGE PARTNERS LLC 0.06% of their portfolio MINNEAPOLIS, MN 157,851157.9k $2.2m $2.2m 0.06% Reduced -67.2k -67,206
18 Closed-End Fund Advisors, Inc. 1.80% of their portfolio RICHMOND, VA 135,328135.3k $1.8m $1.8m 1.80% Reduced -6.3k -6,295
19 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 112,523112.5k $1.5m $1.5m 0.00% Added +11.5k +11,494
20 WEDBUSH SECURITIES INC 0.03% of their portfolio PASADENA, CA 97,28197.3k $1.3m $1.3m 0.03% Added +18.6k +18,635
21 Noble Wealth Management PBC 0.46% of their portfolio GREENWOOD VILLAGE, CO 74,69774.7k $1.0m $1.0m 0.46% Added +16.6k +16,579
22 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.04% of their portfolio WEST PALM BEACH, FL 66,00866.0k $899.7k $899.7k 0.04% Unchanged
23 IFC Advisors LLC 0.11% of their portfolio LOS ANGELES, CA 66,00866.0k $899.7k $899.7k 0.11% Added +36.0k +36,008
24 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 64,27564.3k $876.1k $876.1k 0.01% Added +19.8k +19,800
25 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 55,73355.7k $759.6k $759.6k 0.00% Added +1.5k +1,461
26 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 44,40444.4k $605.2k $605.2k 0.00% Added +10.6k +10,597
27 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 43,80043.8k $597.0k $597.0k 0.00% Added +74 +74
28 Mathes Company, Inc. 0.14% of their portfolio New York, NY 34,00034.0k $463.0k $463.0k 0.14% Unchanged
29 Carnegie Investment Counsel 0.01% of their portfolio PEPPER PIKE, OH 30,00030.0k $408.9k $408.9k 0.01% Unchanged
30 PW Nova Financial Services LLC 0.09% of their portfolio NEWTOWN, PA 29,55829.6k $402.9k $402.9k 0.09% New
31 River Street Advisors LLC 0.11% of their portfolio AURORA, IL 28,56628.6k $389.4k $389.4k 0.11% Unchanged
32 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 26,34526.3k $359.1k $359.1k 0.00% Reduced -552 -552
33 Waverly Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 23,00923.0k $313.6k $313.6k 0.00% Added +2.5k +2,503
34 Arlington Capital Management, Inc. 0.19% of their portfolio ARLINGTON HEIGHTS, IL 22,38422.4k $305.1k $305.1k 0.19% Added +315 +315
35 Worth Asset Management, LLC 0.10% of their portfolio DALLAS, TX 21,83121.8k $297.6k $297.6k 0.10% New
36 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 17,63217.6k $240.3k $240.3k 0.00% Unchanged
37 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 17,21017.2k $234.6k $234.6k 0.00% New
38 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 14,89814.9k $203.1k $203.1k 0.00% Unchanged
39 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 14,46114.5k $197.1k $197.1k 0.00% New
40 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 13,92513.9k $189.8k $189.8k 0.00% Added +532 +532
41 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 12,47112.5k $170.0k $170.0k 0.00% New
42 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 12,19812.2k $166.3k $166.3k 0.00% Reduced -3.2k -3,211
43 Caliber Wealth Management, LLC / KS 0.02% of their portfolio Overland Park, KS 12,00012.0k $163.6k $163.6k 0.02% Unchanged
44 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 11,10611.1k $151.4k $151.4k 0.00% Unchanged
45 PFG Investments, LLC 0.01% of their portfolio WOODBURY, NY 10,30010.3k $140.4k $140.4k 0.01% Reduced -2.4k -2,424
46 XML Financial, LLC 0.01% of their portfolio BETHESDA, MD 10,00010.0k $136.3k $136.3k 0.01% Reduced -3.0k -3,000
47 Wellspring Financial Advisors, LLC 0.01% of their portfolio CLEVELAND, OH 10,00010.0k $136.3k $136.3k 0.01% Unchanged
48 COMPASS FINANCIAL MANAGEMENT LLC 0.01% of their portfolio TAMPA, FL 6,0116.0k $81.9k $81.9k 0.01% First filing
49 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 6,0006.0k $81.8k $81.8k 0.00% Unchanged
50 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 3,0553.1k $41.6k $41.6k 0.00% Reduced -1.0k -1,008
51 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 2,2952.3k $31.3k $31.3k 0.00% First filing
52 Pinnacle Wealth Planning Services, Inc. 0.00% of their portfolio MANSFIELD, OH 963963 $13.1k $13.1k 0.00% Unchanged
53 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 886886 $12.1k $12.1k 0.00% Unchanged
54 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.00% of their portfolio BLUE BELL, PA 879879 $12.0k $12.0k 0.00% Unchanged
55 HIGHLINE WEALTH PARTNERS LLC 0.00% of their portfolio SHERMAN OAKS, CA 700700 $9.5k $9.5k 0.00% Unchanged
56 WPG Advisers, LLC 0.00% of their portfolio BALTIMORE, MD 266266 $3.6k $3.6k 0.00% Unchanged
57 XP Advisory US, Inc. 0.00% of their portfolio MIAMI, FL 3535 $477 $477 0.00% First filing