RiverNorth Opportunities Fund
RIV
46 hedge funds and large institutions have $63.3M invested in RiverNorth Opportunities Fund in 2024 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 18 increasing their positions, 12 reducing their positions, and 9 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 12
0.97% less ownership
Funds ownership: 23.97% → 22.99% (-0.97%)
6% less funds holding
Funds holding: 49 → 46 (-3)
18% less capital inflows, than outflows
Capital inflows: $11.5M | Capital outflows: $14M
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Penserra Capital Management
Orinda,
California
|
+$7.52M |
| 2 |
Morgan Stanley
New York
|
+$757K |
| 3 |
Sequoia Financial Advisors
Akron,
Ohio
|
+$543K |
| 4 |
LPL Financial
San Diego,
California
|
+$340K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$263K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mangrove Partners
Greenwich,
Connecticut
|
-$6.32M |
| 2 |
Strategic Financial Concepts
San Antonio,
Texas
|
-$2.04M |
| 3 |
Absolute Investment Advisers
Rosemary Beach,
Florida
|
-$1.53M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.09M |
| 5 |
Quarry LP
New York
|
-$651K |
RIV Hedge Fund Activity: Q3 2024 in Review
46 of the 6,987 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunities Fund (RIV) for Q3 2024, worth a combined $63.3M — up 4.2% from $60.8M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of RIV and 6 opened new positions — a net loss of 3 holders — while 12 trimmed existing stakes and 18 added.
The largest buyer was Penserra Capital Management, opening a new position worth an estimated $7.52M. The largest seller was Mangrove Partners, exiting entirely with an estimated $6.32M sold.
- 46 institutional investors held RiverNorth Opportunities Fund (RIV) as of Q3 2024, down from 49 in Q2 2024.
- Funds reported $63.3M of RiverNorth Opportunities Fund stock for Q3 2024, up 4.2% quarter-over-quarter.
- 6 funds opened new RiverNorth Opportunities Fund positions in Q3 2024 and 9 closed out, a net change of -3 holders.
- The largest RiverNorth Opportunities Fund buyer in Q3 2024 was Penserra Capital Management, an estimated $7.52M added.
- The largest RiverNorth Opportunities Fund seller in Q3 2024 was Mangrove Partners, an estimated $6.32M sold.
Based on aggregated 13F filings for Q3 2024.