RiverNorth Opportunities Fund
RIV
30 hedge funds and large institutions have $21.6M invested in RiverNorth Opportunities Fund in 2020 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 9 increasing their positions, 10 reducing their positions, and 6 closing their positions.
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
11% more funds holding
Funds holding: 27 → 30 (+3)
3.7% less ownership
Funds ownership: 27.87% → 24.17% (-3.7%)
10% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 10
34% less capital invested
Capital invested by funds: $32.7M → $21.6M (-$11.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.5M |
| 2 |
AUIM
Aegon USA Investment Management
Cedar Rapids,
Iowa
|
+$796K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$788K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$639K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$370K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CL
CSS LLC
Chicago,
Illinois
|
-$5.85M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$824K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$685K |
| 4 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$643K |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$394K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $10K | +$8.11K | +526 | +215% |
|
|
NFG
27
Next Financial Group
Houston,
Texas
| $6K | -$9.25K | -600 | -57% |
|
|
AIC
28
Ameritas Investment Company
Lincoln,
Nebraska
| $6K | +$8.06K | +523 | New |
|
|
MIG
29
Mariner Investment Group
Harrison,
New York
| – | -$824K | -50,500 | Closed |
|
|
YCM
30
Yakira Capital Management
Westport,
Connecticut
| – | -$643K | -39,379 | Closed |
|
|
CA
31
Cornerstone Advisors
Asheville,
North Carolina
| – | -$394K | -24,152 | Closed |
|
32
Millennium Management
New York
| – | -$378K | -23,132 | Closed |
|
|
LAS
33
Lloyd Advisory Services
Suwanee,
Georgia
| – | -$8K | -469 | Closed |
|
34
Fidelity Investments
Boston,
Massachusetts
| – | +$31 | +2 | New |
|
|
SFS
35
Sowell Financial Services
North Little Rock,
Arkansas
| – | +$154 | +10 | New |
|
RIV Hedge Fund Activity: Q1 2020 in Review
30 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunities Fund (RIV) for Q1 2020, worth a combined $21.6M — down 34% from $32.7M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new RIV positions and 6 closed out — a net gain of 4 holders — while 9 added to existing stakes and 10 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.5M. The largest seller was CSS LLC, cutting an estimated $5.85M.
- 30 institutional investors held RiverNorth Opportunities Fund (RIV) as of Q1 2020, up from 27 in Q4 2019.
- Funds reported $21.6M of RiverNorth Opportunities Fund stock for Q1 2020, down 34% quarter-over-quarter.
- 10 funds opened new RiverNorth Opportunities Fund positions in Q1 2020 and 6 closed out, a net change of +4 holders.
- The largest RiverNorth Opportunities Fund buyer in Q1 2020 was Morgan Stanley, an estimated $1.5M added.
- The largest RiverNorth Opportunities Fund seller in Q1 2020 was CSS LLC, an estimated $5.85M sold.
Based on aggregated 13F filings for Q1 2020.