RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
30 hedge funds and large institutions have $44.3M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2017 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 10 increasing their positions, 5 reducing their positions, and 2 closing their positions.
650% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 2
100% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 5
76% more funds holding
Funds holding: 17 → 30 (+13)
59% more capital invested
Capital invested by funds: $27.8M → $44.3M (+$16.5M)
9.2% more ownership
Funds ownership: 14.05% → 23.25% (+9.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$5.65M |
| 2 |
LCM
Laurion Capital Management
New York
|
+$5.12M |
| 3 |
RVPG
Relative Value Partners Group
|
+$2.96M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.52M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AW
ACG Wealth
Atlanta,
Georgia
|
-$1.43M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$734K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$223K |
| 4 |
BTIS
BB&T Investment Services
Charlotte,
North Carolina
|
-$38K |
| 5 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$37.1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
CIBC Private Wealth Group
Atlanta,
Georgia
| $26K | +$26.3K | +1,421 | New |
|
|
IWM
27
IHT Wealth Management
Chicago,
Illinois
| $18K | +$18.7K | +1,012 | New |
|
|
MOS
28
MGO One Seven
Beachwood,
Ohio
| $9K | +$9.59K | +519 | New |
|
29
Citigroup
New York
| $9K | +$9.85K | +533 | New |
|
|
CA
30
Calton & Associates
Tampa,
Florida
| $1K | +$1.89K | +102 | New |
|
|
31
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$223K | -11,830 | Closed |
|
|
BTIS
32
BB&T Investment Services
Charlotte,
North Carolina
| – | -$38K | -2,024 | Closed |
|
OPP Hedge Fund Activity: Q4 2017 in Review
30 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q4 2017, worth a combined $44.3M — up 59% from $27.8M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new OPP positions and 2 closed out — a net gain of 13 holders — while 10 added to existing stakes and 5 trimmed.
The largest buyer was Punch & Associates Investment Management, opening a new position worth an estimated $5.65M. The largest seller was ACG Wealth, cutting an estimated $1.43M.
- 30 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q4 2017, up from 17 in Q3 2017.
- Funds reported $44.3M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q4 2017, up 59% quarter-over-quarter.
- 15 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q4 2017 and 2 closed out, a net change of +13 holders.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q4 2017 was Punch & Associates Investment Management, an estimated $5.65M added.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q4 2017 was ACG Wealth, an estimated $1.43M sold.
Based on aggregated 13F filings for Q4 2017.