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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
+$2.09M |
| 2 |
Morgan Stanley
New York
|
+$925K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$794K |
| 4 |
LPL Financial
San Diego,
California
|
+$453K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$297K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.75M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$747K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$424K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$419K |
| 5 |
Nomura Holdings
Tokyo,
Japan
|
-$114K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
JP Morgan Chase
New York
| – | -$25K | -2,178 | Closed |
|
|
AAS
52
Ameritas Advisory Services
Lincoln,
Nebraska
| – | -$2.2K | -200 | Closed |
|
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.