RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
32 hedge funds and large institutions have $40.5M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2018 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 10 increasing their positions, 11 reducing their positions, and 4 closing their positions.
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
10% more funds holding
Funds holding: 29 → 32 (+3)
0.34% less ownership
Funds ownership: 22.42% → 22.09% (-0.34%)
2% less capital invested
Capital invested by funds: $41.4M → $40.5M (-$894K)
9% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
+$1.06M |
| 2 |
CA
Cetera Advisors
Denver,
Colorado
|
+$710K |
| 3 |
WAP
Wealthcare Advisory Partners
West Chester,
Pennsylvania
|
+$475K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$374K |
| 5 |
BMCM
Bryn Mawr Capital Management
Philadelphia,
Pennsylvania
|
+$329K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$1.21M |
| 2 |
MSAM
Moloney Securities Asset Management
Manchester,
Missouri
|
-$983K |
| 3 |
LCM
Laurion Capital Management
New York
|
-$430K |
| 4 |
AW
ACG Wealth
Atlanta,
Georgia
|
-$378K |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$281K |
| 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 | – | – | – |
|
|
GWM
28
Geneos Wealth Management
Englewood,
Colorado
| $17K | +$17.6K | +1,012 | New |
|
29
Citigroup
New York
| $12K | +$417 | +24 | +4% |
|
|
CPIG
30
Chicago Partners Investment Group
Chicago,
Illinois
| $3K | +$2.52K | +145 | New |
|
31
SEI Investments
Oaks,
Pennsylvania
| $2K | +$2.29K | +132 | New |
|
|
BCI
32
Brinker Capital Investments
Berwyn,
Pennsylvania
| $1K | +$1.32K | +76 | New |
|
|
LCM
33
Laurion Capital Management
New York
| – | -$430K | -24,437 | Closed |
|
|
MIG
34
Mariner Investment Group
Harrison,
New York
| – | -$281K | -15,965 | Closed |
|
35
AllianceBernstein
Nashville,
Tennessee
| – | -$267K | -15,180 | Closed |
|
|
IWM
36
IHT Wealth Management
Chicago,
Illinois
| – | -$18K | -1,012 | Closed |
|
OPP Hedge Fund Activity: Q2 2018 in Review
32 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q2 2018, worth a combined $40.5M — down 2.2% from $41.4M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new OPP positions and 4 closed out — a net gain of 4 holders — while 10 added to existing stakes and 11 trimmed.
The largest buyer was Stifel Financial, adding an estimated $1.06M. The largest seller was UBS Group, cutting an estimated $1.21M.
- 32 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q2 2018, up from 29 in Q1 2018.
- Funds reported $40.5M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q2 2018, down 2.2% quarter-over-quarter.
- 8 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q2 2018 and 4 closed out, a net change of +4 holders.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q2 2018 was Stifel Financial, an estimated $1.06M added.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q2 2018 was UBS Group, an estimated $1.21M sold.
Based on aggregated 13F filings for Q2 2018.