RiverNorth Opportunities Fund
RIV
58 hedge funds and large institutions have $119M invested in RiverNorth Opportunities Fund in 2025 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 20 increasing their positions, 17 reducing their positions, and 5 closing their positions.
120% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 5
68% more capital invested
Capital invested by funds: $70.8M → $119M (+$47.9M)
19.59% more ownership
Funds ownership: 27.47% → 47.07% (+20%)
18% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 17
12% more funds holding
Funds holding: 52 → 58 (+6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$30.1M |
| 2 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$5.21M |
| 3 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
+$4.48M |
| 4 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
+$4.4M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$3.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFM
Boothbay Fund Management
New York
|
-$1.45M |
| 2 |
AGM
Alpine Global Management
New York
|
-$1.42M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$703K |
| 4 |
Morgan Stanley
New York
|
-$567K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$464K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GWP
51
Gateway Wealth Partners
Appleton,
Wisconsin
| $119K | +$118K | +10,123 | New |
|
52
National Bank of Canada
Montreal,
Quebec, Canada
| $30.9K | – | – | – |
|
|
PWPS
53
Pinnacle Wealth Planning Services
Mansfield,
Ohio
| $23.5K | +$23.3K | +2,000 | New |
|
54
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $7K | – | – | – |
|
|
LC
55
Luminist Capital
Grand Rapids,
Michigan
| $6.3K | – | – | – |
|
|
GWM
56
Geneos Wealth Management
Englewood,
Colorado
| $3.64K | – | – | – |
|
|
HWP
57
Highline Wealth Partners
Sherman Oaks,
California
| $2.11K | – | – | – |
|
|
FFA
58
Farther Finance Advisors
San Francisco,
California
| $974 | – | – | – |
|
|
BFM
59
Boothbay Fund Management
New York
| – | -$1.45M | -120,500 | Closed |
|
|
AGM
60
Alpine Global Management
New York
| – | -$1.42M | -118,000 | Closed |
|
|
61
Balyasny Asset Management
Chicago,
Illinois
| – | -$703K | -58,603 | Closed |
|
|
SFC
62
Strategic Financial Concepts
San Antonio,
Texas
| – | -$130K | -10,800 | Closed |
|
|
SWA
63
SOA Wealth Advisors
New York
| – | -$24.3K | -2,021 | Closed |
|
RIV Hedge Fund Activity: Q4 2025 in Review
58 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunities Fund (RIV) for Q4 2025, worth a combined $119M — up 68% from $70.8M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new RIV positions and 5 closed out — a net gain of 6 holders — while 20 added to existing stakes and 17 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $30.1M. The largest seller was Boothbay Fund Management, exiting entirely with an estimated $1.45M sold.
- 58 institutional investors held RiverNorth Opportunities Fund (RIV) as of Q4 2025, up from 52 in Q3 2025.
- Funds reported $119M of RiverNorth Opportunities Fund stock for Q4 2025, up 68% quarter-over-quarter.
- 11 funds opened new RiverNorth Opportunities Fund positions in Q4 2025 and 5 closed out, a net change of +6 holders.
- The largest RiverNorth Opportunities Fund buyer in Q4 2025 was Sit Investment Associates, an estimated $30.1M added.
- The largest RiverNorth Opportunities Fund seller in Q4 2025 was Boothbay Fund Management, an estimated $1.45M sold.
Based on aggregated 13F filings for Q4 2025.