RiverNorth Opportunities Fund
RIV
29 hedge funds and large institutions have $29.7M invested in RiverNorth Opportunities Fund in 2021 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 7 increasing their positions, 10 reducing their positions, and 4 closing their positions.
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
16% more funds holding
Funds holding: 25 → 29 (+4)
5% more capital invested
Capital invested by funds: $28.2M → $29.7M (+$1.42M)
0.53% less ownership
Funds ownership: 17.54% → 17.01% (-0.53%)
30% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$958K |
| 2 |
BWA
BDO Wealth Advisors
Jacksonville,
Florida
|
+$607K |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$323K |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$298K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$276K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$2.24M |
| 2 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
-$571K |
| 3 |
Millennium Management
New York
|
-$348K |
| 4 |
TCA
Transcend Capital Advisors
Madison,
New Jersey
|
-$346K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$299K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BFEC
26
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $38K | – | – | – |
|
27
Citigroup
New York
| $28K | +$13.9K | +809 | +104% |
|
|
WWMSC
28
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
| $16K | +$15.4K | +900 | New |
|
|
AIC
29
Ameritas Investment Company
Lincoln,
Nebraska
| $3.49K | +$3.43K | +200 | New |
|
|
30
Millennium Management
New York
| – | -$348K | -21,608 | Closed |
|
|
TCA
31
Transcend Capital Advisors
Madison,
New Jersey
| – | -$346K | -21,479 | Closed |
|
RIV Hedge Fund Activity: Q1 2021 in Review
29 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunities Fund (RIV) for Q1 2021, worth a combined $29.7M — up 5% from $28.2M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new RIV positions and 4 closed out — a net gain of 4 holders — while 7 added to existing stakes and 10 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $958K. The largest seller was Bank of America, cutting an estimated $2.24M.
- 29 institutional investors held RiverNorth Opportunities Fund (RIV) as of Q1 2021, up from 25 in Q4 2020.
- Funds reported $29.7M of RiverNorth Opportunities Fund stock for Q1 2021, up 5% quarter-over-quarter.
- 8 funds opened new RiverNorth Opportunities Fund positions in Q1 2021 and 4 closed out, a net change of +4 holders.
- The largest RiverNorth Opportunities Fund buyer in Q1 2021 was Morgan Stanley, an estimated $958K added.
- The largest RiverNorth Opportunities Fund seller in Q1 2021 was Bank of America, an estimated $2.24M sold.
Based on aggregated 13F filings for Q1 2021.