RiverNorth Opportunities Fund
RIV
28 hedge funds and large institutions have $35.8M invested in RiverNorth Opportunities Fund in 2021 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 8 reducing their positions, and 4 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 8
21% more capital invested
Capital invested by funds: $29.7M → $35.8M (+$6.09M)
2.46% more ownership
Funds ownership: 17.01% → 19.47% (+2.5%)
3% less funds holding
Funds holding: 29 → 28 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.49M |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$563K |
| 3 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
+$347K |
| 4 |
WS
Wedbush Securities
Los Angeles,
California
|
+$217K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$133K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$234K |
| 2 |
CL
CSS LLC
Chicago,
Illinois
|
-$177K |
| 3 |
BWA
BDO Wealth Advisors
Jacksonville,
Florida
|
-$91K |
| 4 |
WAP
Wealthcare Advisory Partners
West Chester,
Pennsylvania
|
-$55K |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$53K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $38K | +$8.74K | +491 | +31% |
|
|
WWMSC
27
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
| $17K | – | – | – |
|
|
CL
28
CSS LLC
Chicago,
Illinois
| – | -$177K | -10,186 | Closed |
|
|
WAP
29
Wealthcare Advisory Partners
West Chester,
Pennsylvania
| – | -$55K | -3,137 | Closed |
|
|
30
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$53K | -3,000 | Closed |
|
|
AIC
31
Ameritas Investment Company
Lincoln,
Nebraska
| – | -$3.49K | -200 | Closed |
|
32
Fidelity Investments
Boston,
Massachusetts
| – | +$18 | +1 | New |
|
RIV Hedge Fund Activity: Q2 2021 in Review
28 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunities Fund (RIV) for Q2 2021, worth a combined $35.8M — up 21% from $29.7M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of RIV and 3 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 11 added.
The largest buyer was Morgan Stanley, adding an estimated $3.49M. The largest seller was Raymond James & Associates, cutting an estimated $234K.
- 28 institutional investors held RiverNorth Opportunities Fund (RIV) as of Q2 2021, down from 29 in Q1 2021.
- Funds reported $35.8M of RiverNorth Opportunities Fund stock for Q2 2021, up 21% quarter-over-quarter.
- 3 funds opened new RiverNorth Opportunities Fund positions in Q2 2021 and 4 closed out, a net change of -1 holder.
- The largest RiverNorth Opportunities Fund buyer in Q2 2021 was Morgan Stanley, an estimated $3.49M added.
- The largest RiverNorth Opportunities Fund seller in Q2 2021 was Raymond James & Associates, an estimated $234K sold.
Based on aggregated 13F filings for Q2 2021.