RiverNorth Opportunities Fund
RIV
45 hedge funds and large institutions have $63.1M invested in RiverNorth Opportunities Fund in 2024 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 18 increasing their positions, 12 reducing their positions, and 9 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 12
4% more capital invested
Capital invested by funds: $60.8M → $63.1M (+$2.29M)
1.07% less ownership
Funds ownership: 23.97% → 22.9% (-1.1%)
8% less funds holding
Funds holding: 49 → 45 (-4)
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$7.52M |
| 2 |
Morgan Stanley
New York
|
+$757K |
| 3 |
SFA
Sequoia Financial Advisors
Akron,
Ohio
|
+$543K |
| 4 |
LPL Financial
San Diego,
California
|
+$340K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$263K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
-$6.32M |
| 2 |
SFC
Strategic Financial Concepts
San Antonio,
Texas
|
-$2.04M |
| 3 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
-$1.53M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.09M |
| 5 |
QL
Quarry LP
New York
|
-$651K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CL
51
CSS LLC
Chicago,
Illinois
| – | -$208K | -17,008 | Closed |
|
|
USCWA
52
U.S. Capital Wealth Advisors
Austin,
Texas
| – | -$147K | -12,000 | Closed |
|
|
ATPW
53
Ashton Thomas Private Wealth
Scottsdale,
Arizona
| – | -$24.5K | -2,000 | Closed |
|
54
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$1.3K | -106 | Closed |
|
RIV Hedge Fund Activity: Q3 2024 in Review
45 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunities Fund (RIV) for Q3 2024, worth a combined $63.1M — up 3.8% from $60.8M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of RIV and 5 opened new positions — a net loss of 4 holders — while 12 trimmed existing stakes and 18 added.
The largest buyer was Penserra Capital Management, opening a new position worth an estimated $7.52M. The largest seller was Mangrove Partners, exiting entirely with an estimated $6.32M sold.
- 45 institutional investors held RiverNorth Opportunities Fund (RIV) as of Q3 2024, down from 49 in Q2 2024.
- Funds reported $63.1M of RiverNorth Opportunities Fund stock for Q3 2024, up 3.8% quarter-over-quarter.
- 5 funds opened new RiverNorth Opportunities Fund positions in Q3 2024 and 9 closed out, a net change of -4 holders.
- The largest RiverNorth Opportunities Fund buyer in Q3 2024 was Penserra Capital Management, an estimated $7.52M added.
- The largest RiverNorth Opportunities Fund seller in Q3 2024 was Mangrove Partners, an estimated $6.32M sold.
Based on aggregated 13F filings for Q3 2024.