RiverNorth Opportunities Fund
RIV
24 hedge funds and large institutions have $25.1M invested in RiverNorth Opportunities Fund in 2020 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 5 increasing their positions, 12 reducing their positions, and 4 closing their positions.
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
9% more funds holding
Funds holding: 22 → 24 (+2)
3% less capital invested
Capital invested by funds: $25.9M → $25.1M (-$764K)
5.46% less ownership
Funds ownership: 24.2% → 18.74% (-5.5%)
58% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$741K |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$614K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$560K |
| 4 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
+$539K |
| 5 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$493K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.26M |
| 2 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
-$447K |
| 3 |
TCA
Transcend Capital Advisors
Madison,
New Jersey
|
-$350K |
| 4 |
CL
CSS LLC
Chicago,
Illinois
|
-$302K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
-$253K |
RIV Hedge Fund Activity: Q3 2020 in Review
24 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunities Fund (RIV) for Q3 2020, worth a combined $25.1M — down 3% from $25.9M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new RIV positions and 4 closed out — a net gain of 2 holders — while 5 added to existing stakes and 12 trimmed.
The largest buyer was Janney Montgomery Scott, adding an estimated $741K. The largest seller was Morgan Stanley, cutting an estimated $1.26M.
- 24 institutional investors held RiverNorth Opportunities Fund (RIV) as of Q3 2020, up from 22 in Q2 2020.
- Funds reported $25.1M of RiverNorth Opportunities Fund stock for Q3 2020, down 3% quarter-over-quarter.
- 6 funds opened new RiverNorth Opportunities Fund positions in Q3 2020 and 4 closed out, a net change of +2 holders.
- The largest RiverNorth Opportunities Fund buyer in Q3 2020 was Janney Montgomery Scott, an estimated $741K added.
- The largest RiverNorth Opportunities Fund seller in Q3 2020 was Morgan Stanley, an estimated $1.26M sold.
Based on aggregated 13F filings for Q3 2020.