RiverNorth Opportunities Fund
RIV
60 hedge funds and large institutions have $119M invested in RiverNorth Opportunities Fund in 2025 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 20 increasing their positions, 17 reducing their positions, and 5 closing their positions.
854% more capital inflows, than outflows
Capital inflows: $54.7M | Capital outflows: $5.74M
120% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 5
19.59% more ownership
Funds ownership: 27.79% → 47.39% (+20%)
18% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 17
11% more funds holding
Funds holding: 54 → 60 (+6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sit Investment Associates
Minneapolis,
Minnesota
|
+$30.1M |
| 2 |
Yakira Capital Management
Westport,
Connecticut
|
+$5.21M |
| 3 |
Absolute Investment Advisers
Rosemary Beach,
Florida
|
+$4.48M |
| 4 |
Arete Wealth Advisors
Chicago,
Illinois
|
+$4.4M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$3.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Boothbay Fund Management
New York
|
-$1.45M |
| 2 |
AGM
Alpine Global Management
New York
|
-$1.42M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$703K |
| 4 |
Morgan Stanley
New York
|
-$567K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$464K |
RIV Hedge Fund Activity: Q4 2025 in Review
60 of the 8,303 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunities Fund (RIV) for Q4 2025, worth a combined $119M — up 67% from $71.6M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new RIV positions and 5 closed out — a net gain of 6 holders — while 20 added to existing stakes and 17 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $30.1M. The largest seller was Boothbay Fund Management, exiting entirely with an estimated $1.45M sold.
- 60 institutional investors held RiverNorth Opportunities Fund (RIV) as of Q4 2025, up from 54 in Q3 2025.
- Funds reported $119M of RiverNorth Opportunities Fund stock for Q4 2025, up 67% quarter-over-quarter.
- 11 funds opened new RiverNorth Opportunities Fund positions in Q4 2025 and 5 closed out, a net change of +6 holders.
- The largest RiverNorth Opportunities Fund buyer in Q4 2025 was Sit Investment Associates, an estimated $30.1M added.
- The largest RiverNorth Opportunities Fund seller in Q4 2025 was Boothbay Fund Management, an estimated $1.45M sold.
Based on aggregated 13F filings for Q4 2025.