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OPP

RiverNorth/DoubleLine Strategic Opportunity Fund
OPP

35 hedge funds and large institutions have $49.8M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2018 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

175% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 4

25% more capital invested

Capital invested by funds: $39.8M → $49.8M (+$10.1M)

25% more funds holding

Funds holding: 28 → 35 (+7)

20% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 10

6.76% more ownership

Funds ownership: 22.8% → 29.56% (+6.8%)

Holders
35
Holders Change
+7
Holders Change %
+25%
% of All Funds
0.78%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
12
Reduced
10
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$5.89M
2
PAIM
Punch & Associates Investment Management
Minnesota
+$2.78M
3
FIMG
Financial & Investment Management Group
Michigan
+$1.93M
4
CCP
Clough Capital Partners
Massachusetts
+$1.04M
5
MSAM
Moloney Securities Asset Management
Missouri
+$944K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$1.22M
2
Bank of America
Bank of America
North Carolina
-$787K
3
LPL Financial
LPL Financial
California
-$712K
4
BMCM
Bryn Mawr Capital Management
Pennsylvania
-$394K
5
RJFSA
Raymond James Financial Services Advisors
Florida
-$280K
Name Holding Trade Value Shares
Change 		Change in
Stake
SWM
26
SeaCrest Wealth Management
New York
$228K +$22.5K +1,407 +11%
AW
27
ACG Wealth
Georgia
$203K -$130K -8,096 -39%
WAM
28
Weiss Asset Management
Massachusetts
$181K +$180K +11,246 New
WT
29
Whittier Trust
California
$134K +$134K +8,349 New
MOS
30
MGO One Seven
Ohio
$37K +$37.2K +2,322 New
FMP
31
Financial Management Professionals
Texas
$21K – – –
GWM
32
Geneos Wealth Management
Colorado
$16K – – –
Citigroup
33
Citigroup
New York
$10K -$14.6K -912 -58%
TFS
34
TrustCore Financial Services
Tennessee
$3K +$3.19K +199 New
LPL Financial
35
LPL Financial
California
– -$712K -42,486 Closed
RJFSA
36
Raymond James Financial Services Advisors
Florida
– -$280K -16,698 Closed
WCAMG
37
Woodard & Company Asset Management Group
North Carolina
– -$125K -7,484 Closed
SWP
38
Stratos Wealth Partners
Ohio
– -$8K -506 Closed
Fidelity Investments
39
Fidelity Investments
Massachusetts
– +$32 +2 New
1
2

OPP Hedge Fund Activity: Q4 2018 in Review

35 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q4 2018, worth a combined $49.8M — up 25% from $39.8M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new OPP positions and 4 closed out — a net gain of 7 holders — while 12 added to existing stakes and 10 trimmed.

The largest buyer was Sit Investment Associates, opening a new position worth an estimated $5.89M. The largest seller was Wells Fargo, cutting an estimated $1.22M.

  • 35 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q4 2018, up from 28 in Q3 2018.
  • Funds reported $49.8M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q4 2018, up 25% quarter-over-quarter.
  • 11 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q4 2018 and 4 closed out, a net change of +7 holders.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q4 2018 was Sit Investment Associates, an estimated $5.89M added.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q4 2018 was Wells Fargo, an estimated $1.22M sold.

Based on aggregated 13F filings for Q4 2018.