RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
28 hedge funds and large institutions have $39.8M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2018 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 17 increasing their positions, 6 reducing their positions, and 6 closing their positions.
183% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 6
0.72% more ownership
Funds ownership: 22.09% → 22.8% (+0.72%)
2% less capital invested
Capital invested by funds: $40.5M → $39.8M (-$773K)
13% less funds holding
Funds holding: 32 → 28 (-4)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$1.46M |
| 2 |
CA
Cetera Advisors
Denver,
Colorado
|
+$595K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$582K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$307K |
| 5 |
BMCM
Bryn Mawr Capital Management
Philadelphia,
Pennsylvania
|
+$243K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
-$1.67M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$460K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$331K |
| 4 |
MML Investors Services
Springfield,
Massachusetts
|
-$192K |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
-$49K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FMP
26
Financial Management Professionals
Austin,
Texas
| $22K | – | – | – |
|
|
GWM
27
Geneos Wealth Management
Englewood,
Colorado
| $16K | – | – | – |
|
|
SWP
28
Stratos Wealth Partners
Beachwood,
Ohio
| $8K | +$8.74K | +506 | New |
|
|
29
MML Investors Services
Springfield,
Massachusetts
| – | -$192K | -10,964 | Closed |
|
|
AG
30
Advisor Group
Phoenix,
Arizona
| – | -$49K | -2,829 | Closed |
|
31
CIBC Private Wealth Group
Atlanta,
Georgia
| – | -$25K | -1,421 | Closed |
|
|
CPIG
32
Chicago Partners Investment Group
Chicago,
Illinois
| – | -$3K | -145 | Closed |
|
33
SEI Investments
Oaks,
Pennsylvania
| – | -$2K | -132 | Closed |
|
|
BCI
34
Brinker Capital Investments
Berwyn,
Pennsylvania
| – | -$1K | -76 | Closed |
|
OPP Hedge Fund Activity: Q3 2018 in Review
28 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q3 2018, worth a combined $39.8M — down 1.9% from $40.5M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of OPP and 2 opened new positions — a net loss of 4 holders — while 6 trimmed existing stakes and 17 added.
The largest buyer was UBS Group, adding an estimated $1.46M. The largest seller was Relative Value Partners Group, cutting an estimated $1.67M.
- 28 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q3 2018, down from 32 in Q2 2018.
- Funds reported $39.8M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q3 2018, down 1.9% quarter-over-quarter.
- 2 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q3 2018 and 6 closed out, a net change of -4 holders.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q3 2018 was UBS Group, an estimated $1.46M added.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q3 2018 was Relative Value Partners Group, an estimated $1.67M sold.
Based on aggregated 13F filings for Q3 2018.