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RIV

RiverNorth Opportunities Fund
RIV

47 hedge funds and large institutions have $51M invested in RiverNorth Opportunities Fund in 2023 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 22 increasing their positions, 7 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

225% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 4

214% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 7

21% more funds holding

Funds holding: 39 → 47 (+8)

1.98% more ownership

Funds ownership: 19.12% → 21.1% (+2%)

2% more capital invested

Capital invested by funds: $49.8M → $51M (+$1.19M)

Holders
47
Holders Change
+8
Holders Change %
+20.51%
% of All Funds
0.75%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
22
Reduced
7
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFS
Shaker Financial Services
Virginia
+$2.7M
2
MP
Mangrove Partners
Connecticut
+$2.28M
3
Bank of America
Bank of America
North Carolina
+$1.05M
4
Morgan Stanley
Morgan Stanley
New York
+$853K
5
MGWM
Marks Group Wealth Management
Minnesota
+$797K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$5.5M
2
EC
Elequin Capital
New York
-$311K
3
LPL Financial
LPL Financial
California
-$203K
4
FFG
Ford Financial Group
California
-$201K
5
AWS
Atria Wealth Solutions
New York
-$172K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$16.7M +$853K +71,925 +5%
SIA
2
Sit Investment Associates
Minnesota
$6.7M -$5.5M -463,969 -44%
Janney Montgomery Scott
3
Janney Montgomery Scott
Pennsylvania
$2.88M +$146K +12,290 +5%
SFS
4
Shaker Financial Services
Virginia
$2.59M +$2.7M +227,746 New
BRWA
5
B. Riley Wealth Advisors
Florida
$2.58M +$37.2K +3,141 +1%
Bank of America
6
Bank of America
North Carolina
$2.3M +$1.05M +88,213 +77%
MP
7
Mangrove Partners
Connecticut
$2.18M +$2.28M +191,991 New
Wells Fargo
8
Wells Fargo
California
$1.77M +$319K +26,890 +21%
Osaic Holdings
9
Osaic Holdings
Arizona
$1.3M +$133K +11,236 +11%
Royal Bank of Canada
10
Royal Bank of Canada
Ontario, Canada
$1.27M +$86K +7,257 +7%
NFG
11
Nations Financial Group
Iowa
$851K +$66.5K +5,608 +8%
LCM
12
Landscape Capital Management
New Jersey
$777K +$690K +58,177 +567%
MGWM
13
Marks Group Wealth Management
Minnesota
$763K +$797K +67,188 New
TVAMP
14
Tennessee Valley Asset Management Partners
Tennessee
$738K +$49.4K +4,168 +7%
NAS
15
NWF Advisory Services
California
$664K +$688K +58,027 New
Baird Financial Group
16
Baird Financial Group
Wisconsin
$643K +$161K +13,550 +31%
NA
17
NewEdge Advisors
Louisiana
$634K +$7.11K +600 +1%
SPC
18
Sigma Planning Corp
Michigan
$475K +$6.39K +539 +1%
WAM
19
Wolverine Asset Management
Illinois
$419K +$437K +36,885 New
SWM
20
SeaCrest Wealth Management
New York
$371K +$28.3K +2,389 +8%
CL
21
CSS LLC
Illinois
$364K +$3.84K +324 +1%
RJA
22
Raymond James & Associates
Florida
$358K -$12.8K -1,080 -3%
USCWA
23
U.S. Capital Wealth Advisors
Texas
$324K -$86.7K -7,315 -20%
CW
24
Channel Wealth
California
$322K +$336K +28,316 New
OC
25
Oppenheimer & Co
New York
$295K +$41.3K +3,485 +15%
1
2 3

RIV Hedge Fund Activity: Q1 2023 in Review

47 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunities Fund (RIV) for Q1 2023, worth a combined $51M — up 2.4% from $49.8M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new RIV positions and 4 closed out — a net gain of 9 holders — while 22 added to existing stakes and 7 trimmed.

The largest buyer was Shaker Financial Services, opening a new position worth an estimated $2.7M. The largest seller was Sit Investment Associates, cutting an estimated $5.5M.

  • 47 institutional investors held RiverNorth Opportunities Fund (RIV) as of Q1 2023, up from 39 in Q4 2022.
  • Funds reported $51M of RiverNorth Opportunities Fund stock for Q1 2023, up 2.4% quarter-over-quarter.
  • 13 funds opened new RiverNorth Opportunities Fund positions in Q1 2023 and 4 closed out, a net change of +9 holders.
  • The largest RiverNorth Opportunities Fund buyer in Q1 2023 was Shaker Financial Services, an estimated $2.7M added.
  • The largest RiverNorth Opportunities Fund seller in Q1 2023 was Sit Investment Associates, an estimated $5.5M sold.

Based on aggregated 13F filings for Q1 2023.