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RIV

RiverNorth Opportunities Fund
RIV

46 hedge funds and large institutions have $53.7M invested in RiverNorth Opportunities Fund in 2023 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 22 increasing their positions, 9 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

144% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 9

5% more capital invested

Capital invested by funds: $51M → $53.7M (+$2.75M)

0.81% more ownership

Funds ownership: 21.1% → 21.91% (+0.81%)

2% less funds holding

Funds holding: 47 → 46 (-1)

17% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 6

Holders
46
Holders Change
-1
Holders Change %
-2.13%
% of All Funds
0.72%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
22
Reduced
9
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MP
Mangrove Partners
Connecticut
+$2.09M
2
Morgan Stanley
Morgan Stanley
New York
+$925K
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$794K
4
LPL Financial
LPL Financial
California
+$453K
5
Wells Fargo
Wells Fargo
California
+$297K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$2.75M
2
SFS
Shaker Financial Services
Virginia
-$747K
3
LCM
Landscape Capital Management
New Jersey
-$424K
4
WAM
Wolverine Asset Management
Illinois
-$419K
5
Nomura Holdings
Nomura Holdings
Japan
-$114K
Name Holding Trade Value Shares
Change 		Change in
Stake
AUIM
26
Aegon USA Investment Management
Iowa
$350K +$88.1K +7,901 +35%
LCM
27
Landscape Capital Management
New Jersey
$348K -$424K -38,012 -56%
PAG
28
Private Advisor Group
New Jersey
$325K +$63.9K +5,734 +25%
CA
29
Cornerstone Advisors
North Carolina
$291K +$284K +25,459 New
CW
30
Channel Wealth
California
$290K -$33.4K -3,000 -11%
SBIA
31
Sheaff Brock Investment Advisors
Indiana
$269K – – –
WIM
32
Westside Investment Management
California
$243K – – –
WS
33
Wedbush Securities
California
$197K +$256 +23 +0.1%
UBS Group
34
UBS Group
Switzerland
$197K -$58.1K -5,213 -23%
QL
35
Quarry LP
New York
$189K +$122K +10,903 +195%
CCP
36
Clough Capital Partners
Massachusetts
$189K +$184K +16,503 New
PIA
37
Perennial Investment Advisors
California
$187K – – –
HighTower Advisors
38
HighTower Advisors
Illinois
$143K – – –
Stifel Financial
39
Stifel Financial
Missouri
$137K – – –
AGM
40
Alpine Global Management
New York
$132K +$129K +11,569 New
CA
41
CoreCap Advisors
Michigan
$124K +$121K +10,825 New
BWA
42
BDO Wealth Advisors
Florida
$121K – – –
BFEC
43
Benjamin F. Edwards & Company
Missouri
$78K +$10.4K +929 +16%
OLVIG
44
Oliver Lagore Vanvalin Investment Group
Michigan
$27.5K – – –
Carson Wealth (CWM LLC)
45
Carson Wealth (CWM LLC)
Nebraska
$7K +$3.5K +314 +118%
GWM
46
Geneos Wealth Management
Colorado
$3.55K – – –
WAM
47
Wolverine Asset Management
Illinois
– -$419K -36,885 Closed
Nomura Holdings
48
Nomura Holdings
Japan
– -$114K -10,000 Closed
ASN
49
Advisory Services Network
Georgia
– -$34.9K -3,069 Closed
EC
50
Elequin Capital
New York
– -$32K -2,817 Closed
1
2
3

RIV Hedge Fund Activity: Q2 2023 in Review

46 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunities Fund (RIV) for Q2 2023, worth a combined $53.7M — up 5.4% from $51M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of RIV and 5 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 22 added.

The largest buyer was Mangrove Partners, adding an estimated $2.09M. The largest seller was Sit Investment Associates, cutting an estimated $2.75M.

  • 46 institutional investors held RiverNorth Opportunities Fund (RIV) as of Q2 2023, down from 47 in Q1 2023.
  • Funds reported $53.7M of RiverNorth Opportunities Fund stock for Q2 2023, up 5.4% quarter-over-quarter.
  • 5 funds opened new RiverNorth Opportunities Fund positions in Q2 2023 and 6 closed out, a net change of -1 holder.
  • The largest RiverNorth Opportunities Fund buyer in Q2 2023 was Mangrove Partners, an estimated $2.09M added.
  • The largest RiverNorth Opportunities Fund seller in Q2 2023 was Sit Investment Associates, an estimated $2.75M sold.

Based on aggregated 13F filings for Q2 2023.