RiverNorth Opportunities Fund
RIV
54 hedge funds and large institutions have $72.7M invested in RiverNorth Opportunities Fund in 2023 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 23 increasing their positions, 9 reducing their positions, and 3 closing their positions.
367% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 3
156% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 9
50% more capital invested
Capital invested by funds: $48.5M → $72.7M (+$24.3M)
26% more funds holding
Funds holding: 43 → 54 (+11)
9.35% more ownership
Funds ownership: 21.49% → 30.84% (+9.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$15.3M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$1.47M |
| 3 |
TVAMP
Tennessee Valley Asset Management Partners
Knoxville,
Tennessee
|
+$1.28M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$771K |
| 5 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
+$758K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.67M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$788K |
| 3 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
-$198K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$161K |
| 5 |
SWM
SeaCrest Wealth Management
Purchase,
New York
|
-$102K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
OLVIG
51
Oliver Lagore Vanvalin Investment Group
Flint,
Michigan
| $26.4K | – | – | – |
|
52
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $4K | – | – | – |
|
|
GWM
53
Geneos Wealth Management
Englewood,
Colorado
| $3.41K | – | – | – |
|
|
SIA
54
Sit Investment Associates
Minneapolis,
Minnesota
| – | -$2.67M | -254,307 | Closed |
|
|
BFEC
55
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$72K | -6,819 | Closed |
|
|
NS
56
NBC Securities
Birmingham,
Alabama
| – | -$21K | -2,000 | Closed |
|
RIV Hedge Fund Activity: Q4 2023 in Review
54 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunities Fund (RIV) for Q4 2023, worth a combined $72.7M — up 50% from $48.5M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new RIV positions and 3 closed out — a net gain of 11 holders — while 23 added to existing stakes and 9 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $15.3M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $2.67M sold.
- 54 institutional investors held RiverNorth Opportunities Fund (RIV) as of Q4 2023, up from 43 in Q3 2023.
- Funds reported $72.7M of RiverNorth Opportunities Fund stock for Q4 2023, up 50% quarter-over-quarter.
- 14 funds opened new RiverNorth Opportunities Fund positions in Q4 2023 and 3 closed out, a net change of +11 holders.
- The largest RiverNorth Opportunities Fund buyer in Q4 2023 was Morgan Stanley, an estimated $15.3M added.
- The largest RiverNorth Opportunities Fund seller in Q4 2023 was Sit Investment Associates, an estimated $2.67M sold.
Based on aggregated 13F filings for Q4 2023.