RiverNorth Opportunities Fund
RIV
54 hedge funds and large institutions have $71.6M invested in RiverNorth Opportunities Fund in 2025 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 21 increasing their positions, 10 reducing their positions, and 4 closing their positions.
814% more capital inflows, than outflows
Capital inflows: $11.2M | Capital outflows: $1.23M
150% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 4
110% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 10
8% more funds holding
Funds holding: 50 → 54 (+4)
3.65% more ownership
Funds ownership: 24.14% → 27.79% (+3.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.31M |
| 2 |
Boothbay Fund Management
New York
|
+$1.48M |
| 3 |
AGM
Alpine Global Management
New York
|
+$1.45M |
| 4 |
Nomura Holdings
Tokyo,
Japan
|
+$1.23M |
| 5 |
Quarry LP
New York
|
+$958K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kovack Advisors
Ft. Lauderdale,
Florida
|
-$469K |
| 2 |
Shaker Financial Services
Arlington,
Virginia
|
-$373K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$130K |
| 4 |
CoreCap Advisors
Southfield,
Michigan
|
-$107K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$69.1K |
RIV Hedge Fund Activity: Q3 2025 in Review
54 of the 7,656 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunities Fund (RIV) for Q3 2025, worth a combined $71.6M — up 13% from $63.5M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new RIV positions and 4 closed out — a net gain of 6 holders — while 21 added to existing stakes and 10 trimmed.
The largest buyer was Sit Investment Associates, opening a new position worth an estimated $2.31M. The largest seller was Kovack Advisors, exiting entirely with an estimated $469K sold.
- 54 institutional investors held RiverNorth Opportunities Fund (RIV) as of Q3 2025, up from 50 in Q2 2025.
- Funds reported $71.6M of RiverNorth Opportunities Fund stock for Q3 2025, up 13% quarter-over-quarter.
- 10 funds opened new RiverNorth Opportunities Fund positions in Q3 2025 and 4 closed out, a net change of +6 holders.
- The largest RiverNorth Opportunities Fund buyer in Q3 2025 was Sit Investment Associates, an estimated $2.31M added.
- The largest RiverNorth Opportunities Fund seller in Q3 2025 was Kovack Advisors, an estimated $469K sold.
Based on aggregated 13F filings for Q3 2025.