RiverNorth Opportunities Fund
RIV
33 hedge funds and large institutions have $35M invested in RiverNorth Opportunities Fund in 2021 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 11 increasing their positions, 11 reducing their positions, and 0 closing their positions.
18% more funds holding
Funds holding: 28 → 33 (+5)
0% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 11
2% less capital invested
Capital invested by funds: $35.8M → $35M (-$797K)
3.62% less ownership
Funds ownership: 19.47% → 15.85% (-3.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.25M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$800K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$585K |
| 4 |
BFM
Boothbay Fund Management
New York
|
+$542K |
| 5 |
LPL Financial
San Diego,
California
|
+$417K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$2.01M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$213K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$212K |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$178K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$153K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
HighTower Advisors
Chicago,
Illinois
| $213K | +$226K | +12,500 | New |
|
|
BMCM
27
Bryn Mawr Capital Management
Philadelphia,
Pennsylvania
| $208K | – | – | – |
|
|
28
Stifel Financial
St. Louis,
Missouri
| $206K | -$153K | -8,453 | -41% |
|
|
LIG
29
Lokken Investment Group
Lewes,
Delaware
| $183K | – | – | – |
|
|
BFEC
30
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $37K | – | – | – |
|
31
Citigroup
New York
| $29K | -$6.58K | -364 | -18% |
|
|
WWMSC
32
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
| $14K | -$1.01K | -56 | -6% |
|
33
Fidelity Investments
Boston,
Massachusetts
| – | +$18 | +1 | +100% |
|
RIV Hedge Fund Activity: Q3 2021 in Review
33 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunities Fund (RIV) for Q3 2021, worth a combined $35M — down 2.2% from $35.8M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new RIV positions and 0 closed out — a net gain of 7 holders — while 11 added to existing stakes and 11 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.25M. The largest seller was Janney Montgomery Scott, cutting an estimated $2.01M.
- 33 institutional investors held RiverNorth Opportunities Fund (RIV) as of Q3 2021, up from 28 in Q2 2021.
- Funds reported $35M of RiverNorth Opportunities Fund stock for Q3 2021, down 2.2% quarter-over-quarter.
- 7 funds opened new RiverNorth Opportunities Fund positions in Q3 2021 and 0 closed out, a net change of +7 holders.
- The largest RiverNorth Opportunities Fund buyer in Q3 2021 was Morgan Stanley, an estimated $1.25M added.
- The largest RiverNorth Opportunities Fund seller in Q3 2021 was Janney Montgomery Scott, an estimated $2.01M sold.
Based on aggregated 13F filings for Q3 2021.