RiverNorth Opportunities Fund
RIV
52 hedge funds and large institutions have $59.2M invested in RiverNorth Opportunities Fund in 2024 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 19 reducing their positions, and 6 closing their positions.
4% less funds holding
Funds holding: 54 → 52 (-2)
7.82% less ownership
Funds ownership: 30.84% → 23.02% (-7.8%)
16% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 19
19% less capital invested
Capital invested by funds: $72.7M → $59.2M (-$13.6M)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
+$1.48M |
| 2 |
LPL Financial
San Diego,
California
|
+$299K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$278K |
| 4 |
Calamos Advisors
Naperville,
Illinois
|
+$276K |
| 5 |
SFC
Strategic Financial Concepts
San Antonio,
Texas
|
+$164K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$16.7M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$1.54M |
| 3 |
TVAMP
Tennessee Valley Asset Management Partners
Knoxville,
Tennessee
|
-$1.11M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$686K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$424K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GWM
51
Geneos Wealth Management
Englewood,
Colorado
| $3.73K | – | – | – |
|
|
AA
52
AlphaMark Advisors
Ft. Wright,
Kentucky
| $1K | – | – | – |
|
|
CCP
53
Clough Capital Partners
Boston,
Massachusetts
| – | -$1.54M | -140,400 | Closed |
|
|
EC
54
Elequin Capital
New York
| – | -$395K | -35,927 | Closed |
|
|
WAM
55
Wolverine Asset Management
Chicago,
Illinois
| – | -$270K | -24,545 | Closed |
|
56
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$179K | -16,259 | Closed |
|
|
BBPWM
57
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| – | -$52.1K | -4,486 | Closed |
|
|
ASN
58
Advisory Services Network
Atlanta,
Georgia
| – | -$31.9K | -2,907 | Closed |
|
RIV Hedge Fund Activity: Q1 2024 in Review
52 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunities Fund (RIV) for Q1 2024, worth a combined $59.2M — down 19% from $72.7M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of RIV and 4 opened new positions — a net loss of 2 holders — while 19 trimmed existing stakes and 16 added.
The largest buyer was Absolute Investment Advisers, opening a new position worth an estimated $1.48M. The largest seller was Morgan Stanley, cutting an estimated $16.7M.
- 52 institutional investors held RiverNorth Opportunities Fund (RIV) as of Q1 2024, down from 54 in Q4 2023.
- Funds reported $59.2M of RiverNorth Opportunities Fund stock for Q1 2024, down 19% quarter-over-quarter.
- 4 funds opened new RiverNorth Opportunities Fund positions in Q1 2024 and 6 closed out, a net change of -2 holders.
- The largest RiverNorth Opportunities Fund buyer in Q1 2024 was Absolute Investment Advisers, an estimated $1.48M added.
- The largest RiverNorth Opportunities Fund seller in Q1 2024 was Morgan Stanley, an estimated $16.7M sold.
Based on aggregated 13F filings for Q1 2024.