RiverNorth Opportunities Fund, Inc.
US ˙ NYSE ˙ US76881Y1091

SecurityRIV / RiverNorth Opportunities Fund, Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership1,768,520 shares
Ownership 8.20%
Morgan Stanley ownership in RIV / RiverNorth Opportunities Fund, Inc.

2025-05-07 - Morgan Stanley has filed an SCHEDULE 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 1,768,520 shares of RiverNorth Opportunities Fund, Inc. (US:RIV). This represents 8.2 percent ownership of the company. In their previous filing dated 2024-02-09 , Morgan Stanley had reported owning 1,517,269 shares, indicating an increase of 16.56 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File
Date		Effective
Date		Form Prev
Shares		 Latest
Shares		 ΔShares
(Percent)		 Ownership
(Percent)		 ΔOwnership
(Percent)
2025-05-07 2025-05-07 13G/A 1,517,269 1,768,520 16.56 8.20 15.49
2024-02-09 2024-02-09 13G/A 1,402,154 1,517,269 8.21 7.10 9.23
2023-02-10 2023-02-10 13G/A 969,317 1,402,154 44.65 6.50 18.18
2022-02-10 2022-02-10 13G/A 1,352,536 969,317 -28.33 5.50 -47.12
2021-11-10 2021-11-10 13G/A 800,226 1,352,536 69.02 10.40 30.00
2021-02-12 2021-02-12 13G/A 1,042,032 800,226 -23.21 8.00 -27.93
2020-11-10 2020-11-10 13G/A 713,672 1,042,032 46.01 11.10 44.16
2020-02-12 2020-02-12 13G 713,672 7.70

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,892,996 160,435 9.26 21,012 3.30 0.0013
2026-05-27 2025-12-31 13F/A-1 RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,732,561 -48,649 -2.73 20,340 -4.84 0.0012
2026-02-13 2025-12-31 13F RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,732,561 -48,649 20,340 0.0012
2026-05-27 2025-09-30 13F/A-1 RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,781,210 14,653 0.83 21,375 -1.31 0.0013
2025-11-14 2025-09-30 13F RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,781,210 14,653 21,375 0.0013
2025-08-15 2025-06-30 13F RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,766,557 -1,963 -0.11 21,658 3.88 0.0014
2025-05-15 2025-03-31 13F RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,768,520 90,284 5.38 20,851 8.13 0.0015
2025-05-15 2024-12-31 13F/A-1 RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,678,236 -32,879 -1.92 19,283 -12.78 0.0014
2025-02-14 2024-12-31 13F RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,678,236 -32,879 19,283 0.0014
2025-05-14 2024-09-30 13F/A-2 RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,711,115 61,295 3.72 22,108 9.39 0.0016
2025-02-14 2024-09-30 13F/A-1 RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,711,115 61,295 22,108 0.0016
2024-11-14 2024-09-30 13F RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,711,115 61,295 22,108 0.0002
2025-05-14 2024-06-30 13F/A-2 RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,649,820 53,819 3.37 20,210 5.18 0.0016
2024-10-17 2024-06-30 13F/A-1 RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,649,820 53,819 20,210 0.0016
2024-08-14 2024-06-30 13F RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,649,820 53,819 20,210 0.0016
2024-10-17 2024-03-31 13F/A-2 RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,596,001 78,731 5.19 19,216 15.24 0.0015
2024-08-16 2024-03-31 13F/A-1 RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,596,001 78,731 19,216 0.0002
2024-05-15 2024-03-31 13F RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,596,001 78,731 19,216 0.0015
2024-08-16 2023-12-31 13F/A-1 RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,517,270 -58,288 -3.70 16,675 0.69 0.0015
2024-02-13 2023-12-31 13F RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,517,270 -58,288 16,675 0.0015
2023-11-15 2023-09-30 13F RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,575,558 18,499 1.19 16,559 -7.03 0.0017
2023-08-14 2023-06-30 13F RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,557,059 82,980 5.63 17,813 6.37 0.0018
2023-05-15 2023-03-31 13F RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,474,079 71,925 5.13 16,746 -2.75 0.0018
2023-02-14 2022-12-31 13F RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,402,154 11,558 0.83 17,218 1.66 0.0020
2022-11-14 2022-09-30 13F RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,390,596 17,111 1.25 16,937 -12.67 0.0023
2022-10-27 2022-06-30 13F/A-1 RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,373,485 76,549 5.90 19,394 -6.36 0.0025
2022-08-15 2022-06-30 13F RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,373,485 76,549 19,394 0.0005
2022-10-27 2022-03-31 13F/A-1 RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,296,936 327,619 33.80 20,712 33.96 0.0028
2022-05-13 2022-03-31 13F RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,296,936 327,619 20,712 0.0028
2022-02-14 2021-12-31 13F RIVERNORTH OPPORTUNITIES FD COM 76881Y109 969,317 -151,813 -13.54 15,461 -18.88 0.0019
2021-11-15 2021-09-30 13F RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,121,130 69,134 6.57 19,059 -1.33 0.0026
2021-08-23 2021-06-30 13F/A-1 RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,051,996 195,857 22.88 19,315 29.36 0.0025
2021-08-16 2021-06-30 13F RIVERNORTH OPPORTUNITIES FD COM 76881Y109 1,051,996 195,857 19,315 0.0005
2021-05-17 2021-03-31 13F RIVERNORTH OPPORTUNITIES FD COM 76881Y109 856,139 55,913 6.99 14,931 15.89 0.0022
2021-02-16 2020-12-31 13F RIVERNORTH OPPORTUNITIES FD COM 76881Y109 800,226 4,699 0.59 12,884 12.99 0.0020
2020-11-13 2020-09-30 13F RIVERNORTH OPPORTUNITIES FD COM 76881Y109 795,527 -83,335 -9.48 11,403 -12.57 0.0022
2020-08-14 2020-06-30 13F RIVERNORTH OPPORTUNITIES FD COM 76881Y109 878,862 67,730 8.35 13,042 29.46 0.0029
2020-05-26 2020-03-31 13F/A-1 RIVERNORTH OPPORTUNITIES FD COM 76881Y109 811,132 97,460 13.66 10,074 -13.51 0.0027
2020-05-15 2020-03-31 13F RIVERNORTH OPPORTUNITIES FD COM 76881Y109 811,132 97,460 10,074 773.8932
2020-02-14 2019-12-31 13F RIVERNORTH OPPRTUNITIES FD I COM 76881Y109 713,672 621,123 671.13 11,647 627.94 0.0027
2019-11-14 2019-09-30 13F RIVERNORTH OPPRTUNITIES FD I COM 76881Y109 92,549 48,391 109.59 1,600 112.48 0.0004
2019-08-14 2019-06-30 13F RIVERNORTH OPPRTUNITIES FD I COM 76881Y109 44,158 -17,068 -27.88 753 -25.45 0.0002
2019-05-15 2019-03-31 13F RIVERNORTH OPPRTUNITIES FD I COM 76881Y109 61,226 9,886 19.26 1,010 21.10 0.0003
2019-02-14 2018-12-31 13F RIVERNORTH OPPRTUNITIES FD I COM 76881Y109 51,340 49,520 2,720.88 834 2,352.94 0.0002
2019-04-23 2018-09-30 13F/A-2 RIVERNORTH OPPRTUNITIES FD I COM 76881Y109 1,820 -669 -26.88 34 -33.33 0.0000
2018-11-20 2018-09-30 13F/A-1 RIVERNORTH OPPRTUNITIES FD I COM 76881Y109 1,820 0 34 0.0000
2018-11-14 2018-09-30 13F RIVERNORTH OPPRTUNITIES FD I COM 76881Y109 1,820 -669 34
2019-04-23 2018-06-30 13F/A-1 RIVERNORTH OPPRTUNITIES FD I COM 76881Y109 2,489 639 34.54 51 34.21 0.0000
2018-08-14 2018-06-30 13F RIVERNORTH OPPRTUNITIES FD I COM 76881Y109 2,489 639 51
2019-04-23 2018-03-31 13F/A-1 RIVERNORTH OPPRTUNITIES FD I COM 76881Y109 1,850 30 1.65 38 5.56 0.0000
2018-05-14 2018-03-31 13F RIVERNORTH OPPRTUNITIES FD I COM 76881Y109 1,850 30 38
2019-04-23 2017-12-31 13F/A-1 RIVERNORTH OPPRTUNITIES FD I COM 76881Y109 1,820 -1,000 -35.46 36 -37.93 0.0000
2018-02-14 2017-12-31 13F RIVERNORTH OPPRTUNITIES FD I COM 76881Y109 1,820 -1,000 36
2017-11-14 2017-09-30 13F RIVERNORTH OPPRTUNITIES FD I COM 76881Y109 2,820 1,820 182.00 58 190.00 0.0000
2017-08-11 2017-06-30 13F RIVERNORTH OPPRTUNITIES FD I COM 76881Y109 1,000 0 0.00 20 0.00 0.0000
2017-05-22 2017-03-31 13F/A-1 RIVERNORTH OPPRTUNITIES FD I COM 76881Y109 1,000 -400 -28.57 20 -23.08 0.0000
2017-05-12 2017-03-31 13F RIVERNORTH OPPRTUNITIES FD I COM 76881Y109 1,000 20
2017-02-22 2016-12-31 13F/A-1 RIVERNORTH OPPRTUNITIES FD I COM 76881Y109 1,400 400 40.00 26 30.00 0.0000
2017-02-13 2016-12-31 13F RIVERNORTH OPPRTUNITIES FD I COM 76881Y109 1,400 26
2016-11-10 2016-09-30 13F RIVERNORTH OPPRTUNITIES FD I COM 76881Y109 1,000 1,000 20 0.0000
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.