RiverNorth Opportunities Fund
RIV
47 hedge funds and large institutions have $51M invested in RiverNorth Opportunities Fund in 2023 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 22 increasing their positions, 7 reducing their positions, and 4 closing their positions.
225% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 4
214% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 7
21% more funds holding
Funds holding: 39 → 47 (+8)
1.98% more ownership
Funds ownership: 19.12% → 21.1% (+2%)
2% more capital invested
Capital invested by funds: $49.8M → $51M (+$1.19M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$2.7M |
| 2 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
+$2.28M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.05M |
| 4 |
Morgan Stanley
New York
|
+$853K |
| 5 |
MGWM
Marks Group Wealth Management
Minnetonka,
Minnesota
|
+$797K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$5.5M |
| 2 |
EC
Elequin Capital
New York
|
-$311K |
| 3 |
LPL Financial
San Diego,
California
|
-$203K |
| 4 |
FFG
Ford Financial Group
Fresno,
California
|
-$201K |
| 5 |
AWS
Atria Wealth Solutions
New York
|
-$172K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Fidelity Investments
Boston,
Massachusetts
| – | -$12 | -1 | Closed |
|
RIV Hedge Fund Activity: Q1 2023 in Review
47 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunities Fund (RIV) for Q1 2023, worth a combined $51M — up 2.4% from $49.8M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new RIV positions and 4 closed out — a net gain of 9 holders — while 22 added to existing stakes and 7 trimmed.
The largest buyer was Shaker Financial Services, opening a new position worth an estimated $2.7M. The largest seller was Sit Investment Associates, cutting an estimated $5.5M.
- 47 institutional investors held RiverNorth Opportunities Fund (RIV) as of Q1 2023, up from 39 in Q4 2022.
- Funds reported $51M of RiverNorth Opportunities Fund stock for Q1 2023, up 2.4% quarter-over-quarter.
- 13 funds opened new RiverNorth Opportunities Fund positions in Q1 2023 and 4 closed out, a net change of +9 holders.
- The largest RiverNorth Opportunities Fund buyer in Q1 2023 was Shaker Financial Services, an estimated $2.7M added.
- The largest RiverNorth Opportunities Fund seller in Q1 2023 was Sit Investment Associates, an estimated $5.5M sold.
Based on aggregated 13F filings for Q1 2023.