RiverNorth Opportunities Fund
RIV
49 hedge funds and large institutions have $60.8M invested in RiverNorth Opportunities Fund in 2024 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 24 increasing their positions, 12 reducing their positions, and 5 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 12
3% more capital invested
Capital invested by funds: $59.2M → $60.8M (+$1.62M)
0.94% more ownership
Funds ownership: 23.02% → 23.97% (+0.94%)
6% less funds holding
Funds holding: 52 → 49 (-3)
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$2.07M |
| 2 |
SFC
Strategic Financial Concepts
San Antonio,
Texas
|
+$1.99M |
| 3 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$656K |
| 4 |
Morgan Stanley
New York
|
+$645K |
| 5 |
MGWM
Marks Group Wealth Management
Minnetonka,
Minnesota
|
+$570K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$1.94M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$626K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$348K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$339K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$283K |
RIV Hedge Fund Activity: Q2 2024 in Review
49 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunities Fund (RIV) for Q2 2024, worth a combined $60.8M — up 2.7% from $59.2M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of RIV and 2 opened new positions — a net loss of 3 holders — while 12 trimmed existing stakes and 24 added.
The largest buyer was LPL Financial, adding an estimated $2.07M. The largest seller was Janney Montgomery Scott, cutting an estimated $1.94M.
- 49 institutional investors held RiverNorth Opportunities Fund (RIV) as of Q2 2024, down from 52 in Q1 2024.
- Funds reported $60.8M of RiverNorth Opportunities Fund stock for Q2 2024, up 2.7% quarter-over-quarter.
- 2 funds opened new RiverNorth Opportunities Fund positions in Q2 2024 and 5 closed out, a net change of -3 holders.
- The largest RiverNorth Opportunities Fund buyer in Q2 2024 was LPL Financial, an estimated $2.07M added.
- The largest RiverNorth Opportunities Fund seller in Q2 2024 was Janney Montgomery Scott, an estimated $1.94M sold.
Based on aggregated 13F filings for Q2 2024.