RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
29 hedge funds and large institutions have $41.4M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2018 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 14 increasing their positions, 9 reducing their positions, and 5 closing their positions.
56% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 9
0.82% less ownership
Funds ownership: 23.25% → 22.42% (-0.82%)
3% less funds holding
Funds holding: 30 → 29 (-1)
7% less capital invested
Capital invested by funds: $44.3M → $41.4M (-$2.89M)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$1.3M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.08M |
| 3 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$919K |
| 4 |
BMCM
Bryn Mawr Capital Management
Philadelphia,
Pennsylvania
|
+$824K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$750K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$4.5M |
| 2 |
MML Investors Services
Springfield,
Massachusetts
|
-$817K |
| 3 |
CA
Cetera Advisors
Denver,
Colorado
|
-$712K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$515K |
| 5 |
AW
ACG Wealth
Atlanta,
Georgia
|
-$388K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
CIBC Private Wealth Group
Atlanta,
Georgia
| $25K | – | – | – |
|
|
FMP
27
Financial Management Professionals
Austin,
Texas
| $23K | +$23.5K | +1,316 | New |
|
|
IWM
28
IHT Wealth Management
Chicago,
Illinois
| $18K | – | – | – |
|
29
Citigroup
New York
| $11K | +$1.8K | +101 | +19% |
|
|
WAM
30
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| $4K | – | – | – |
|
|
CA
31
Cetera Advisors
Denver,
Colorado
| – | -$712K | -39,229 | Closed |
|
32
Squarepoint
New York
| – | -$241K | -13,284 | Closed |
|
|
WAM
33
Weiss Asset Management
Boston,
Massachusetts
| – | -$207K | -11,378 | Closed |
|
|
WCAMG
34
Woodard & Company Asset Management Group
Bermuda Run,
North Carolina
| – | -$199K | -10,874 | Closed |
|
|
CA
35
Calton & Associates
Tampa,
Florida
| – | -$1K | -102 | Closed |
|
OPP Hedge Fund Activity: Q1 2018 in Review
29 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q1 2018, worth a combined $41.4M — down 6.5% from $44.3M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of OPP and 4 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 14 added.
The largest buyer was UBS Group, adding an estimated $1.3M. The largest seller was Laurion Capital Management, cutting an estimated $4.5M.
- 29 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q1 2018, down from 30 in Q4 2017.
- Funds reported $41.4M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q1 2018, down 6.5% quarter-over-quarter.
- 4 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q1 2018 and 5 closed out, a net change of -1 holder.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q1 2018 was UBS Group, an estimated $1.3M added.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q1 2018 was Laurion Capital Management, an estimated $4.5M sold.
Based on aggregated 13F filings for Q1 2018.