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RIV

RiverNorth Opportunities Fund
RIV

57 hedge funds and large institutions have $108M invested in RiverNorth Opportunities Fund in 2026 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 21 increasing their positions, 18 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 18

0% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 4

2% less funds holding

Funds holding: 58 → 57 (-1)

1.97% less ownership

Funds ownership: 47.07% → 45.1% (-2%)

9% less capital invested

Capital invested by funds: $119M → $108M (-$11.2M)

Holders
57
Holders Change
-1
Holders Change %
-1.72%
% of All Funds
0.7%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
21
Reduced
18
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$1.89M
2
PCM
Penserra Capital Management
California
+$961K
3
AWA
Arete Wealth Advisors
Illinois
+$706K
4
LPL Financial
LPL Financial
California
+$396K
5
EAM
Everstar Asset Management
North Carolina
+$389K

Top Sellers

1
SIA
Sit Investment Associates
Minnesota
-$3.21M
2
RAM
Readystate Asset Management
Illinois
-$2.29M
3
YCM
Yakira Capital Management
Connecticut
-$2.11M
4
AIA
Absolute Investment Advisers
Florida
-$1.29M
5
QL
Quarry LP
New York
-$396K
Name Holding Trade Value Shares
Change 		Change in
Stake
SIA
1
Sit Investment Associates
Minnesota
$27.7M -$3.21M -273,018 -10%
Morgan Stanley
2
Morgan Stanley
New York
$21M +$1.89M +160,435 +9%
PCM
3
Penserra Capital Management
California
$8.28M +$961K +81,742 +12%
LPL Financial
4
LPL Financial
California
$5.93M +$396K +33,654 +7%
AWA
5
Arete Wealth Advisors
Illinois
$4.87M +$706K +60,096 +16%
Bank of America
6
Bank of America
North Carolina
$3.58M +$127K +10,785 +3%
Wells Fargo
7
Wells Fargo
California
$3.23M +$170K +14,463 +5%
AIA
8
Absolute Investment Advisers
Florida
$3.05M -$1.29M -109,983 -29%
YCM
9
Yakira Capital Management
Connecticut
$2.97M -$2.11M -179,462 -40%
Royal Bank of Canada
10
Royal Bank of Canada
Ontario, Canada
$2.28M +$84.8K +7,216 +4%
Envestnet Asset Management
11
Envestnet Asset Management
Illinois
$1.92M -$144K -12,272 -7%
EAM
12
Everstar Asset Management
North Carolina
$1.87M +$389K +33,059 +24%
PS
13
Principal Securities
Iowa
$1.82M -$138K -11,780 -7%
TVAMP
14
Tennessee Valley Asset Management Partners
Tennessee
$1.46M -$78.9K -6,711 -5%
Baird Financial Group
15
Baird Financial Group
Wisconsin
$1.36M +$22.3K +1,899 +2%
QL
16
Quarry LP
New York
$1.33M -$396K -33,684 -22%
MGWM
17
Marks Group Wealth Management
Minnesota
$1.2M -$88.5K -7,530 -7%
Osaic Holdings
18
Osaic Holdings
Arizona
$1.14M -$201K -17,102 -14%
NFG
19
Nations Financial Group
Iowa
$962K -$13.7K -1,166 -1%
Nomura Holdings
20
Nomura Holdings
Japan
$931K – – –
OWA
21
Opal Wealth Advisors
New York
$761K -$14.9K -1,266 -2%
AF
22
Allworth Financial
California
$717K +$151K +12,835 +25%
Stifel Financial
23
Stifel Financial
Missouri
$684K -$302K -25,653 -29%
SFS
24
Shaker Financial Services
Virginia
$681K +$269K +22,859 +59%
Raymond James Financial
25
Raymond James Financial
Florida
$665K +$2.1K +179 +0.3%
1
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RIV Hedge Fund Activity: Q1 2026 in Review

57 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunities Fund (RIV) for Q1 2026, worth a combined $108M — down 9.4% from $119M a quarter earlier.

Fund positioning in RIV was balanced in Q1 2026: 4 funds opened new positions, 4 closed out, 21 added to existing stakes and 18 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $1.89M. The largest seller was Sit Investment Associates, cutting an estimated $3.21M.

  • 57 institutional investors held RiverNorth Opportunities Fund (RIV) as of Q1 2026, down from 58 in Q4 2025.
  • Funds reported $108M of RiverNorth Opportunities Fund stock for Q1 2026, down 9.4% quarter-over-quarter.
  • 4 funds opened new RiverNorth Opportunities Fund positions in Q1 2026 and 4 closed out, a net change of 0 holders.
  • The largest RiverNorth Opportunities Fund buyer in Q1 2026 was Morgan Stanley, an estimated $1.89M added.
  • The largest RiverNorth Opportunities Fund seller in Q1 2026 was Sit Investment Associates, an estimated $3.21M sold.

Based on aggregated 13F filings for Q1 2026.