RiverNorth Opportunities Fund
RIV
25 hedge funds and large institutions have $28.2M invested in RiverNorth Opportunities Fund in 2020 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 10 increasing their positions, 7 reducing their positions, and 5 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 7
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
13% more capital invested
Capital invested by funds: $25.1M → $28.2M (+$3.15M)
4% more funds holding
Funds holding: 24 → 25 (+1)
1.2% less ownership
Funds ownership: 18.74% → 17.54% (-1.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.11M |
| 2 |
Millennium Management
New York
|
+$322K |
| 3 |
UR
USCA RIA
Houston,
Texas
|
+$280K |
| 4 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$193K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$94.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$583K |
| 2 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
-$512K |
| 3 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$468K |
| 4 |
TCA
Transcend Capital Advisors
Madison,
New Jersey
|
-$276K |
| 5 |
AUIM
Aegon USA Investment Management
Cedar Rapids,
Iowa
|
-$175K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
YCM
26
Yakira Capital Management
Westport,
Connecticut
| – | -$468K | -32,650 | Closed |
|
|
AUIM
27
Aegon USA Investment Management
Cedar Rapids,
Iowa
| – | -$175K | -12,200 | Closed |
|
|
SIA
28
Sit Investment Associates
Minneapolis,
Minnesota
| – | -$143K | -10,000 | Closed |
|
29
Fidelity Investments
Boston,
Massachusetts
| – | +$15 | +1 | New |
|
|
WAM
30
Wolverine Asset Management
Chicago,
Illinois
| – | +$15 | +1 | New |
|
RIV Hedge Fund Activity: Q4 2020 in Review
25 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunities Fund (RIV) for Q4 2020, worth a combined $28.2M — up 13% from $25.1M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new RIV positions and 5 closed out — a net gain of 1 holder — while 10 added to existing stakes and 7 trimmed.
The largest buyer was Bank of America, adding an estimated $1.11M. The largest seller was Shaker Financial Services, exiting entirely with an estimated $583K sold.
- 25 institutional investors held RiverNorth Opportunities Fund (RIV) as of Q4 2020, up from 24 in Q3 2020.
- Funds reported $28.2M of RiverNorth Opportunities Fund stock for Q4 2020, up 13% quarter-over-quarter.
- 6 funds opened new RiverNorth Opportunities Fund positions in Q4 2020 and 5 closed out, a net change of +1 holder.
- The largest RiverNorth Opportunities Fund buyer in Q4 2020 was Bank of America, an estimated $1.11M added.
- The largest RiverNorth Opportunities Fund seller in Q4 2020 was Shaker Financial Services, an estimated $583K sold.
Based on aggregated 13F filings for Q4 2020.