RiverNorth Opportunities Fund
RIV
32 hedge funds and large institutions have $37.1M invested in RiverNorth Opportunities Fund in 2022 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 14 increasing their positions, 8 reducing their positions, and 7 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 8
0.14% less ownership
Funds ownership: 15.35% → 15.21% (-0.14%)
9% less funds holding
Funds holding: 35 → 32 (-3)
14% less capital invested
Capital invested by funds: $43.3M → $37.1M (-$6.26M)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
+$2.71M |
| 2 |
Morgan Stanley
New York
|
+$1.12M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$582K |
| 4 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
+$462K |
| 5 |
TVAMP
Tennessee Valley Asset Management Partners
Knoxville,
Tennessee
|
+$287K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.74M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$563K |
| 3 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$426K |
| 4 |
NCM
Next Capital Management
New York
|
-$418K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$251K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Stifel Financial
St. Louis,
Missouri
| $169K | -$7.29K | -500 | -4% |
|
|
BMCM
27
Bryn Mawr Capital Management
Philadelphia,
Pennsylvania
| $167K | – | – | – |
|
28
UBS Group
Zurich,
Switzerland
| $158K | -$7.29K | -500 | -4% |
|
|
BFEC
29
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $133K | +$16.4K | +1,125 | +14% |
|
|
CA
30
CoreCap Advisors
Southfield,
Michigan
| $124K | +$128K | +8,800 | New |
|
|
WWMSC
31
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
| $11K | +$11.2K | +769 | New |
|
|
GWM
32
Geneos Wealth Management
Englewood,
Colorado
| $4K | – | – | – |
|
|
SIA
33
Sit Investment Associates
Minneapolis,
Minnesota
| – | -$3.74M | -234,026 | Closed |
|
|
34
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$563K | -35,350 | Closed |
|
|
YCM
35
Yakira Capital Management
Westport,
Connecticut
| – | -$426K | -26,686 | Closed |
|
|
NCM
36
Next Capital Management
New York
| – | -$418K | -26,179 | Closed |
|
37
Citigroup
New York
| – | -$20K | -1,238 | Closed |
|
|
EIP
38
Ellis Investment Partners
Berwyn,
Pennsylvania
| – | -$17K | -1,090 | Closed |
|
RIV Hedge Fund Activity: Q2 2022 in Review
32 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunities Fund (RIV) for Q2 2022, worth a combined $37.1M — down 14% from $43.3M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of RIV and 4 opened new positions — a net loss of 3 holders — while 8 trimmed existing stakes and 14 added.
The largest buyer was B. Riley Wealth Management, opening a new position worth an estimated $2.71M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $3.74M sold.
- 32 institutional investors held RiverNorth Opportunities Fund (RIV) as of Q2 2022, down from 35 in Q1 2022.
- Funds reported $37.1M of RiverNorth Opportunities Fund stock for Q2 2022, down 14% quarter-over-quarter.
- 4 funds opened new RiverNorth Opportunities Fund positions in Q2 2022 and 7 closed out, a net change of -3 holders.
- The largest RiverNorth Opportunities Fund buyer in Q2 2022 was B. Riley Wealth Management, an estimated $2.71M added.
- The largest RiverNorth Opportunities Fund seller in Q2 2022 was Sit Investment Associates, an estimated $3.74M sold.
Based on aggregated 13F filings for Q2 2022.