RiverNorth Flexible Municipal Income Fund, Inc. (RFM) — Institutional Holders, Q2 2026
25 institutional investment managers reported a RFM position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $17.1M. Every filer is listed below, ranked by position value. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.
RFM in Q2 2026: what funds did
Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.
Biggest buyers
- Thomas J. Herzfeld AdvisorsNew · +79,341 sh+$1.2M
- NewEdge AdvisorsNew · +34,378 sh+$508.1K
- RIVERNORTH CAPITAL MANAGEMENTAdded · +16,333 sh+$241.4K
- GUGGENHEIM CAPITALAdded · +10,384 sh+$153.5K
- MORGAN STANLEYAdded · +8,374 sh+$123.8K
Biggest sellers
- Logan Stone CapitalSold out · -63,871 sh-$944.0K
- Carnegie Investment CounselSold out · -15,000 sh-$221.7K
- Hamrick Investment CounselSold out · -7,449 sh-$110.1K
- Capital Investment AdvisorsTrimmed · -2,000 sh-$29.6K
- Advisory Services NetworkSold out · -833 sh-$12.3K
RFM 13F holders ranked 1–25 of 25
| # | Institution | Shares | Value | % of portfolio | QoQShares vs Q1 2026 |
|---|---|---|---|---|---|
| 1 | ROBINSON CAPITAL MANAGEMENT#1 · 154,999 sh | 154,999 | $2.3M | 1.01% | 0.0% |
| 2 | WELLS FARGO & COMPANY#2 · 144,055 sh | 144,055 | $2.1M | <0.01% | -0.3% |
| 3 | MORGAN STANLEY#3 · 124,718 sh | 124,718 | $1.8M | <0.01% | +7.2% |
| 4 | GUGGENHEIM CAPITAL#4 · 115,139 sh | 115,139 | $1.7M | 0.01% | +9.9% |
| 5 | Thomas J. Herzfeld Advisors#5 · 79,341 sh | 79,341 | $1.2M | 0.36% | New |
| 6 | ROYAL BANK OF CANADA#6 · 69,635 sh | 69,635 | $1.0M | <0.01% | +3.2% |
| 7 | UBS Group AG#7 · 69,086 sh | 69,086 | $1.0M | <0.01% | +0.5% |
| 8 | Professional Financial Management#8 · 64,360 sh | 64,360 | $951.2K | — | -1.0% |
| 9 | RIVERNORTH CAPITAL MANAGEMENT#9 · 63,987 sh | 63,987 | $945.7K | 0.04% | +34.3% |
| 10 | Estate Planners Group#10 · 54,853 sh | 54,853 | $810.7K | 0.37% | +0.4% |
| 11 | NewEdge Advisors#11 · 34,378 sh | 34,378 | $508.1K | <0.01% | New |
| 12 | RAYMOND JAMES FINANCIAL#12 · 27,048 sh | 27,048 | $399.8K | <0.01% | +19.5% |
| 13 | WEDBUSH SECURITIES#13 · 20,771 sh | 20,771 | $307.0K | — | +0.4% |
| 14 | River Street Advisors#14 · 18,864 sh | 18,864 | $278.8K | — | 0.0% |
| 15 | OSAIC#15 · 16,049 sh | 16,049 | $237.2K | <0.01% | +17.8% |
| 16 | Closed-End Fund Advisors#16 · 15,820 sh | 15,820 | $233.8K | 0.23% | +1.0% |
| 17 | Noble Wealth Management PBC#17 · 15,342 sh | 15,342 | $226.8K | — | +11.2% |
| 18 | STIFEL FINANCIAL#18 · 14,925 sh | 14,925 | $220.6K | <0.01% | -3.9% |
| 19 | Apollon Wealth Management#19 · 13,500 sh | 13,500 | $199.5K | — | 0.0% |
| 20 | LPL Financial#20 · 13,241 sh | 13,241 | $195.7K | 0.00% | +0.1% |
| 21 | WILEY BROS.-AINTREE CAPITAL#21 · 12,398 sh | 12,398 | $183.2K | <0.01% | +1.4% |
| 22 | Capital Investment Advisors#22 · 12,250 sh | 12,250 | $181.1K | — | -14.0% |
| 23 | HIGHLINE WEALTH PARTNERS#23 · 1,000 sh | 1,000 | $14.8K | — | 0.0% |
| 24 | BLUE BELL PRIVATE WEALTH MANAGEMENT#24 · 500 sh | 500 | $7.4K | <0.01% | 0.0% |
| 25 | Clear Street Group#25 · 339 sh | 339 | $5.0K | 0.00% | New |
Funds that sold out of RFM in Q2 2026 (4)
Held RFM at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.
| Institution | Shares sold | Value in Q1 2026 |
|---|---|---|
| Logan Stone Capital63,871 sh | 63,871 | $896.1K |
| Carnegie Investment Counsel15,000 sh | 15,000 | $210.4K |
| Hamrick Investment Counsel7,449 sh | 7,449 | $104.5K |
| Advisory Services Network833 sh | 833 | $11.7K |
Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.