RiverNorth Opportunities Fund
RIV
20 hedge funds and large institutions have $12.1M invested in RiverNorth Opportunities Fund in 2019 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 8 increasing their positions, 5 reducing their positions, and 4 closing their positions.
60% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 5
0.99% less ownership
Funds ownership: 11.1% → 10.11% (-0.99%)
6% less capital invested
Capital invested by funds: $12.9M → $12.1M (-$763K)
9% less funds holding
Funds holding: 22 → 20 (-2)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NFG
Nations Financial Group
Cedar Rapids,
Iowa
|
+$318K |
| 2 |
WS
Wedbush Securities
Los Angeles,
California
|
+$234K |
| 3 |
SWM
SeaCrest Wealth Management
Purchase,
New York
|
+$118K |
| 4 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
+$112K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$94.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$723K |
| 2 |
Wells Fargo
San Francisco,
California
|
-$373K |
| 3 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$297K |
| 4 |
Morgan Stanley
New York
|
-$289K |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$202K |
RIV Hedge Fund Activity: Q2 2019 in Review
20 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunities Fund (RIV) for Q2 2019, worth a combined $12.1M — down 5.9% from $12.9M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of RIV and 2 opened new positions — a net loss of 2 holders — while 5 trimmed existing stakes and 8 added.
The largest buyer was Nations Financial Group, opening a new position worth an estimated $318K. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $723K sold.
- 20 institutional investors held RiverNorth Opportunities Fund (RIV) as of Q2 2019, down from 22 in Q1 2019.
- Funds reported $12.1M of RiverNorth Opportunities Fund stock for Q2 2019, down 5.9% quarter-over-quarter.
- 2 funds opened new RiverNorth Opportunities Fund positions in Q2 2019 and 4 closed out, a net change of -2 holders.
- The largest RiverNorth Opportunities Fund buyer in Q2 2019 was Nations Financial Group, an estimated $318K added.
- The largest RiverNorth Opportunities Fund seller in Q2 2019 was Wolverine Asset Management, an estimated $723K sold.
Based on aggregated 13F filings for Q2 2019.