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RiverNorth Flexible Municipal Income Fund, Inc.

RFM
Exchange
NYSE
SEC CIK
0001790177

No open-market purchases or sales by RiverNorth Flexible Municipal Income Fund, Inc. insiders were filed in the last 90 days; 25 institutions reported holding it in 13F filings for Q2 2026, worth $17.1M in total; no superinvestor holds it.

13F holders, Q2 2025

Institutional positions in RiverNorth Flexible Municipal Income Fund, Inc. as of Jun 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
17
0 vs. Q1 2025
Shares held
859.2K
+118.9K (+16.1%) vs. Q1 2025
Total value
$12.0M
+$1.05M (+9.6%) vs. Q1 2025
New holders
1
9 more added
Sold out
1
4 more reduced

1 institution that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting RFM on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ2 2025: 17 institutions
Q1 2021: 15 institutionsQ2 2021: 16 institutionsQ3 2021: 14 institutionsQ4 2021: 20 institutionsQ1 2022: 20 institutionsQ2 2022: 16 institutionsQ3 2022: 15 institutionsQ4 2022: 17 institutionsQ1 2023: 17 institutionsQ2 2023: 15 institutionsQ3 2023: 16 institutionsQ4 2023: 19 institutionsQ1 2024: 19 institutionsQ2 2024: 17 institutionsQ3 2024: 19 institutionsQ4 2024: 21 institutionsQ1 2025: 18 institutionsQ2 2025: 17 institutionsQ3 2025: 20 institutionsQ4 2025: 24 institutionsQ1 2026: 27 institutionsQ2 2026: 25 institutions
Value heldQ2 2025: $12.0M
Q1 2021: $15.5MQ2 2021: $18.0MQ3 2021: $17.9MQ4 2021: $17.8MQ1 2022: $14.5MQ2 2022: $10.5MQ3 2022: $8.32MQ4 2022: $11.0MQ1 2023: $11.9MQ2 2023: $11.8MQ3 2023: $10.4MQ4 2023: $10.3MQ1 2024: $10.1MQ2 2024: $10.2MQ3 2024: $10.9MQ4 2024: $12.1MQ1 2025: $11.0MQ2 2025: $12.0MQ3 2025: $12.0MQ4 2025: $14.1MQ1 2026: $15.8MQ2 2026: $17.1M
Institutions holding RFM and their total value by quarter
QuarterHoldersValue
Q2 202625$17.1M
Q1 202627$15.8M
Q4 202524$14.1M
Q3 202520$12.0M
Q2 202517$12.0M
Q1 202518$11.0M
Q4 202421$12.1M
Q3 202419$10.9M
Q2 202417$10.2M
Q1 202419$10.1M
Q4 202319$10.3M
Q3 202316$10.4M
Q2 202315$11.8M
Q1 202317$11.9M
Q4 202217$11.0M
Q3 202215$8.32M
Q2 202216$10.5M
Q1 202220$14.5M
Q4 202120$17.8M
Q3 202114$17.9M
Q2 202116$18.0M
Q1 202115$15.5M

Institutions, Q2 2025

Shares, value and share of portfolio for each institution holding RiverNorth Flexible Municipal Income Fund, Inc.; share changes are against Q1 2025.

Institutions holding RFM in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Wells Fargo & Company169,099$2.36M0.00%−10,214−5.7%Reduced
Robinson Capital Management, LLC153,772$2.15M0.90%+111,789+266.3%Added
UBS Group AG119,043$1.66M0.00%+39,599+49.8%Added
Morgan Stanley107,002$1.49M0.00%+15,777+17.3%Added
Logan Stone Capital, LLC65,362$911.8K0.43%+17,909+37.7%Added
Royal Bank of Canada53,681$749.0K0.00%+2,789+5.5%Added
Steel Peak Wealth Management LLC29,800$415.7K0.02%+1,800+6.4%Added
GWM Advisors LLC23,005$320.9K0.00%+17,564+322.8%Added
Wedbush Securities Inc20,456$285.0K0.01%−31,744−60.8%Reduced
River Street Advisors LLC18,864$263.2K0.11%+18,864New
Raymond James Financial Inc16,915$236.0K0.00%+2,165+14.7%Added
Capital Investment Advisors, LLC15,750$219.7K0.00%+1,000+6.8%Added
Stifel Financial Corp15,525$216.6K0.00%00.0%Unchanged
Advisor Group Holdings, Inc.15,436$215.3K0.00%−5,875−27.6%Reduced
Carnegie Capital Asset Management, LLC15,000$209.3K0.00%00.0%Unchanged
Apollon Wealth Management, LLC14,000$195.3K0.00%00.0%Unchanged
Wolverine Asset Management LLC6,476$90.3K0.00%−37,513−85.3%Reduced
LPL Financial LLC0$00.00%−25,004−100.0%Sold out
Noble Wealth Management PBC––––Not filed