RiverNorth Opportunities Fund
RIV
22 hedge funds and large institutions have $25.9M invested in RiverNorth Opportunities Fund in 2020 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 11 reducing their positions, and 11 closing their positions.
20% more capital invested
Capital invested by funds: $21.6M → $25.9M (+$4.24M)
0.03% more ownership
Funds ownership: 24.17% → 24.2% (+0.03%)
27% less funds holding
Funds holding: 30 → 22 (-8)
36% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 11
73% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$1.1M |
| 2 |
Morgan Stanley
New York
|
+$920K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$576K |
| 4 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$410K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$348K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCA
Transcend Capital Advisors
Madison,
New Jersey
|
-$886K |
| 2 |
AUIM
Aegon USA Investment Management
Cedar Rapids,
Iowa
|
-$642K |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$524K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$278K |
| 5 |
CL
CSS LLC
Chicago,
Illinois
|
-$249K |
RIV Hedge Fund Activity: Q2 2020 in Review
22 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunities Fund (RIV) for Q2 2020, worth a combined $25.9M — up 20% from $21.6M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of RIV and 3 opened new positions — a net loss of 8 holders — while 11 trimmed existing stakes and 7 added.
The largest buyer was Janney Montgomery Scott, adding an estimated $1.1M. The largest seller was Transcend Capital Advisors, cutting an estimated $886K.
- 22 institutional investors held RiverNorth Opportunities Fund (RIV) as of Q2 2020, down from 30 in Q1 2020.
- Funds reported $25.9M of RiverNorth Opportunities Fund stock for Q2 2020, up 20% quarter-over-quarter.
- 3 funds opened new RiverNorth Opportunities Fund positions in Q2 2020 and 11 closed out, a net change of -8 holders.
- The largest RiverNorth Opportunities Fund buyer in Q2 2020 was Janney Montgomery Scott, an estimated $1.1M added.
- The largest RiverNorth Opportunities Fund seller in Q2 2020 was Transcend Capital Advisors, an estimated $886K sold.
Based on aggregated 13F filings for Q2 2020.