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RIV

RiverNorth Opportunities Fund
RIV

52 hedge funds and large institutions have $70.8M 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.

New
Increased
Maintained
Reduced
Closed

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

13% more capital invested

Capital invested by funds: $62.7M → $70.8M (+$8.13M)

8% more funds holding

Funds holding: 48 → 52 (+4)

3.65% more ownership

Funds ownership: 23.82% → 27.47% (+3.7%)

Holders
52
Holders Change
+4
Holders Change %
+8.33%
% of All Funds
0.68%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
21
Reduced
10
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$2.31M
2
BFM
Boothbay Fund Management
New York
+$1.48M
3
AGM
Alpine Global Management
New York
+$1.45M
4
Nomura Holdings
Nomura Holdings
Japan
+$1.23M
5
QL
Quarry LP
New York
+$958K

Top Sellers

Rank Fund Capital Flow
1
KA
Kovack Advisors
Florida
-$469K
2
SFS
Shaker Financial Services
Virginia
-$373K
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$130K
4
CA
CoreCap Advisors
Michigan
-$107K
5
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$69.1K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$21.4M +$180K +14,653 +0.8%
PCM
2
Penserra Capital Management
California
$7.24M +$181K +14,754 +3%
LPL Financial
3
LPL Financial
California
$6.19M +$851K +69,298 +16%
Wells Fargo
4
Wells Fargo
California
$3.08M -$16.2K -1,321 -0.5%
Envestnet Asset Management
5
Envestnet Asset Management
Illinois
$2.31M +$37.6K +3,059 +2%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$2.29M -$130K -10,570 -5%
SIA
7
Sit Investment Associates
Minnesota
$2.25M +$2.31M +187,901 New
PS
8
Principal Securities
Iowa
$2.2M +$13.7K +1,114 +0.6%
TVAMP
9
Tennessee Valley Asset Management Partners
Tennessee
$1.75M +$96.2K +7,837 +6%
Stifel Financial
10
Stifel Financial
Missouri
$1.52M +$410K +33,427 +36%
BFM
11
Boothbay Fund Management
New York
$1.45M +$1.48M +120,500 New
AGM
12
Alpine Global Management
New York
$1.42M +$1.45M +118,000 New
Osaic Holdings
13
Osaic Holdings
Arizona
$1.41M +$138K +11,217 +11%
EAM
14
Everstar Asset Management
North Carolina
$1.39M +$145K +11,819 +11%
MGWM
15
Marks Group Wealth Management
Minnesota
$1.38M – – –
Baird Financial Group
16
Baird Financial Group
Wisconsin
$1.38M +$22.7K +1,845 +2%
Nomura Holdings
17
Nomura Holdings
Japan
$1.2M +$1.23M +100,000 New
NFG
18
Nations Financial Group
Iowa
$1.06M +$970 +79 +0.1%
QL
19
Quarry LP
New York
$936K +$958K +78,000 New
Raymond James Financial
20
Raymond James Financial
Florida
$807K +$49.1K +4,002 +6%
Balyasny Asset Management
21
Balyasny Asset Management
Illinois
$703K +$720K +58,603 New
NAS
22
NWF Advisory Services
California
$684K +$9.82K +800 +1%
AO
23
Advisor OS
Illinois
$642K -$2.36K -192 -0.4%
OC
24
Oppenheimer & Co
New York
$603K +$84.5K +6,878 +16%
AF
25
Allworth Financial
California
$593K +$29K +2,359 +5%
1
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RIV Hedge Fund Activity: Q3 2025 in Review

52 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunities Fund (RIV) for Q3 2025, worth a combined $70.8M — up 13% from $62.7M 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.

  • 52 institutional investors held RiverNorth Opportunities Fund (RIV) as of Q3 2025, up from 48 in Q2 2025.
  • Funds reported $70.8M 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.