RiverNorth Opportunities Fund
RIV
43 hedge funds and large institutions have $48.5M invested in RiverNorth Opportunities Fund in 2023 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 19 increasing their positions, 10 reducing their positions, and 6 closing their positions.
90% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 10
0.42% less ownership
Funds ownership: 21.91% → 21.49% (-0.42%)
7% less funds holding
Funds holding: 46 → 43 (-3)
10% less capital invested
Capital invested by funds: $53.7M → $48.5M (-$5.27M)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
+$924K |
| 2 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
+$602K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$333K |
| 4 |
LPL Financial
San Diego,
California
|
+$218K |
| 5 |
Morgan Stanley
New York
|
+$208K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.26M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$999K |
| 3 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$488K |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$291K |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$189K |
RIV Hedge Fund Activity: Q3 2023 in Review
43 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunities Fund (RIV) for Q3 2023, worth a combined $48.5M — down 9.8% from $53.7M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of RIV and 4 opened new positions — a net loss of 2 holders — while 10 trimmed existing stakes and 19 added.
The largest buyer was Osaic Holdings, adding an estimated $924K. The largest seller was Shaker Financial Services, cutting an estimated $1.26M.
- 43 institutional investors held RiverNorth Opportunities Fund (RIV) as of Q3 2023, down from 46 in Q2 2023.
- Funds reported $48.5M of RiverNorth Opportunities Fund stock for Q3 2023, down 9.8% quarter-over-quarter.
- 4 funds opened new RiverNorth Opportunities Fund positions in Q3 2023 and 6 closed out, a net change of -2 holders.
- The largest RiverNorth Opportunities Fund buyer in Q3 2023 was Osaic Holdings, an estimated $924K added.
- The largest RiverNorth Opportunities Fund seller in Q3 2023 was Shaker Financial Services, an estimated $1.26M sold.
Based on aggregated 13F filings for Q3 2023.