RiverNorth Flexible Municipal Income Fund II, Inc. (RFMZ) — Institutional Holders, Q2 2026
57 institutional investment managers reported a RFMZ position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $107.9M. 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.
RFMZ 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
- Atlas WealthAdded · +350,003 sh+$4.8M
- GUGGENHEIM CAPITALAdded · +318,435 sh+$4.3M
- PathstoneAdded · +293,967 sh+$4.0M
- IFC AdvisorsAdded · +36,008 sh+$490.8K
- Worth Asset ManagementNew · +21,831 sh+$297.6K
Biggest sellers
- Saba Capital Management, L.P.Sold out · -288,116 sh-$3.9M
- Gateway Wealth PartnersTrimmed · -173,952 sh-$2.4M
- UBS Group AGTrimmed · -69,214 sh-$943.4K
- Logan Stone CapitalSold out · -67,255 sh-$916.7K
- RIVERBRIDGE PARTNERSTrimmed · -67,206 sh-$916.0K
RFMZ 13F holders ranked 1–57 of 57
| # | Institution | Shares | Value | % of portfolio | QoQShares vs Q1 2026 |
|---|---|---|---|---|---|
| 1 | Pathstone#1 · 840,046 sh | 840,046 | $11.4M | 0.03% | +53.8% |
| 2 | Rockefeller Capital Management L.P.#2 · 817,449 sh | 817,449 | $11.1M | 0.02% | +0.7% |
| 3 | MORGAN STANLEY#3 · 700,248 sh | 700,248 | $9.5M | <0.01% | +0.4% |
| 4 | ROBINSON CAPITAL MANAGEMENT#4 · 643,727 sh | 643,727 | $8.8M | 3.88% | 0.0% |
| 5 | UBS Group AG#5 · 534,335 sh | 534,335 | $7.3M | <0.01% | -11.5% |
| 6 | Atlas Wealth#6 · 467,361 sh | 467,361 | $6.4M | 0.91% | +298.2% |
| 7 | GUGGENHEIM CAPITAL#7 · 432,947 sh | 432,947 | $5.9M | 0.04% | +278.1% |
| 8 | WELLS FARGO & COMPANY#8 · 375,956 sh | 375,956 | $5.1M | <0.01% | -3.7% |
| 9 | ROYAL BANK OF CANADA#9 · 351,752 sh | 351,752 | $4.8M | <0.01% | -0.9% |
| 10 | Karpus Management#10 · 254,285 sh | 254,285 | $3.5M | 0.10% | -3.4% |
| 11 | Thomas J. Herzfeld Advisors#11 · 243,641 sh | 243,641 | $3.3M | 1.02% | +6.1% |
| 12 | STIFEL FINANCIAL#12 · 220,563 sh | 220,563 | $3.0M | <0.01% | -5.6% |
| 13 | ENVESTNET ASSET MANAGEMENT#13 · 187,033 sh | 187,033 | $2.5M | <0.01% | +7.3% |
| 14 | Professional Financial Management#14 · 179,932 sh | 179,932 | $2.5M | — | -2.2% |
| 15 | OPPENHEIMER#15 · 178,522 sh | 178,522 | $2.4M | — | -4.5% |
| 16 | Gateway Wealth Partners#16 · 177,106 sh | 177,106 | $2.4M | 0.14% | -49.6% |
| 17 | RIVERBRIDGE PARTNERS#17 · 157,851 sh | 157,851 | $2.2M | 0.06% | -29.9% |
| 18 | Closed-End Fund Advisors#18 · 135,328 sh | 135,328 | $1.8M | 1.80% | -4.4% |
| 19 | NewEdge Advisors#19 · 112,523 sh | 112,523 | $1.5M | <0.01% | +11.4% |
| 20 | WEDBUSH SECURITIES#20 · 97,281 sh | 97,281 | $1.3M | — | +23.7% |
| 21 | Noble Wealth Management PBC#21 · 74,697 sh | 74,697 | $1.0M | — | +28.5% |
| 22 | RIVERNORTH CAPITAL MANAGEMENT#22 · 66,008 sh | 66,008 | $899.7K | 0.04% | 0.0% |
| 23 | IFC Advisors#23 · 66,008 sh | 66,008 | $899.7K | 0.11% | +120.0% |
| 24 | Concurrent Investment Advisors#24 · 64,275 sh | 64,275 | $876.1K | — | +44.5% |
| 25 | RAYMOND JAMES FINANCIAL#25 · 55,733 sh | 55,733 | $759.6K | <0.01% | +2.7% |
| 26 | CITADEL ADVISORS#26 · 44,404 sh | 44,404 | $605.2K | <0.01% | +31.3% |
| 27 | Private Advisor Group#27 · 43,800 sh | 43,800 | $597.0K | <0.01% | +0.2% |
| 28 | Mathes Company#28 · 34,000 sh | 34,000 | $463.0K | 0.14% | 0.0% |
| 29 | Carnegie Investment Counsel#29 · 30,000 sh | 30,000 | $408.9K | — | 0.0% |
| 30 | PW Nova Financial Services#30 · 29,558 sh | 29,558 | $402.9K | — | -9.4% |
| 31 | River Street Advisors#31 · 28,566 sh | 28,566 | $389.4K | — | 0.0% |
| 32 | CHOREO#32 · 26,345 sh | 26,345 | $359.1K | <0.01% | -2.1% |
| 33 | Waverly Advisors#33 · 23,009 sh | 23,009 | $313.6K | <0.01% | +12.2% |
| 34 | Arlington Capital Management#34 · 22,384 sh | 22,384 | $305.1K | 0.19% | +1.4% |
| 35 | Worth Asset Management#35 · 21,831 sh | 21,831 | $297.6K | — | New |
| 36 | LPL Financial#36 · 17,632 sh | 17,632 | $240.3K | <0.01% | 0.0% |
| 37 | Beacon Pointe Advisors#37 · 17,210 sh | 17,210 | $234.6K | <0.01% | New |
| 38 | FIFTH THIRD BANCORP#38 · 14,898 sh | 14,898 | $203.1K | <0.01% | 0.0% |
| 39 | SUSQUEHANNA INTERNATIONAL GROUP, LLP#39 · 14,461 sh | 14,461 | $197.1K | 0.00% | New |
| 40 | OSAIC#40 · 13,925 sh | 13,925 | $189.8K | <0.01% | +4.0% |
| 41 | SRS Capital Advisors#41 · 12,471 sh | 12,471 | $170.0K | <0.01% | New |
| 42 | HighTower Advisors#42 · 12,198 sh | 12,198 | $166.3K | <0.01% | -20.8% |
| 43 | CALIBER WEALTH MANAGEMENT, / KS#43 · 12,000 sh | 12,000 | $163.6K | 0.02% | 0.0% |
| 44 | WILEY BROS.-AINTREE CAPITAL#44 · 11,106 sh | 11,106 | $151.4K | <0.01% | 0.0% |
| 45 | PFG Investments#45 · 10,300 sh | 10,300 | $140.4K | <0.01% | -19.1% |
| 46 | XML Financial#46 · 10,000 sh | 10,000 | $136.3K | <0.01% | -23.1% |
| 47 | Wellspring Financial Advisors#47 · 10,000 sh | 10,000 | $136.3K | <0.01% | 0.0% |
| 48 | COMPASS FINANCIAL MANAGEMENT#48 · 6,011 sh | 6,011 | $81.9K | <0.01% | — |
| 49 | EverSource Wealth Advisors#49 · 6,000 sh | 6,000 | $81.8K | <0.01% | New |
| 50 | US BANCORP \DE\#50 · 3,055 sh | 3,055 | $41.6K | 0.00% | -24.8% |
| 51 | Global Retirement Partners#51 · 2,295 sh | 2,295 | $31.3K | <0.01% | — |
| 52 | Pinnacle Wealth Planning Services#52 · 963 sh | 963 | $13.1K | <0.01% | 0.0% |
| 53 | PRIVATE NA#53 · 886 sh | 886 | $12.1K | — | 0.0% |
| 54 | BLUE BELL PRIVATE WEALTH MANAGEMENT#54 · 879 sh | 879 | $12.0K | <0.01% | 0.0% |
| 55 | HIGHLINE WEALTH PARTNERS#55 · 700 sh | 700 | $9.5K | — | 0.0% |
| 56 | WPG Advisers#56 · 266 sh | 266 | $3.6K | <0.01% | 0.0% |
| 57 | XP Advisory US#57 · 35 sh | 35 | $477.00 | <0.01% | — |
Funds that sold out of RFMZ in Q2 2026 (6)
Held RFMZ 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 |
|---|---|---|
| Saba Capital Management, L.P.288,116 sh | 288,116 | $3.6M |
| Logan Stone Capital67,255 sh | 67,255 | $850.8K |
| Matisse Capital49,190 sh | 49,190 | $622.3K |
| TRUIST FINANCIAL16,146 sh | 16,146 | $204.2K |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT3,204 sh | 3,204 | $40.5K |
| BlackRock287 sh | 287 | $3.6K |
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.