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OPP

RiverNorth/DoubleLine Strategic Opportunity Fund
OPP

36 hedge funds and large institutions have $49.6M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2019 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 9 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 9

40% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 5

3% more funds holding

Funds holding: 35 → 36 (+1)

0.39% less ownership

Funds ownership: 29.56% → 29.18% (-0.39%)

0% less capital invested

Capital invested by funds: $49.8M → $49.6M (-$201K)

Holders
36
Holders Change
+1
Holders Change %
+2.86%
% of All Funds
0.78%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
14
Reduced
9
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$1.53M
2
PAIM
Punch & Associates Investment Management
Minnesota
+$986K
3
TJHA
Thomas J. Herzfeld Advisors
Florida
+$710K
4
Baird Financial Group
Baird Financial Group
Wisconsin
+$455K
5
Morgan Stanley
Morgan Stanley
New York
+$422K

Top Sellers

Rank Fund Capital Flow
1
RVPG
Relative Value Partners Group
-$1.58M
2
SIA
Sit Investment Associates
Minnesota
-$1.27M
3
SFS
Shaker Financial Services
Virginia
-$441K
4
Bank of America
Bank of America
North Carolina
-$423K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$259K
Name Holding Trade Value Shares
Change 		Change in
Stake
AW
26
ACG Wealth
Georgia
$205K – – –
LTFS
27
Ladenburg Thalmann Financial Services
Florida
$179K -$52.7K -3,207 -23%
FIA
28
FNY Investment Advisers
New York
$165K +$168K +10,201 New
Rockefeller Capital Management
29
Rockefeller Capital Management
New York
$42K +$42.4K +2,579 New
Citigroup
30
Citigroup
New York
$30K +$19.6K +1,195 +184%
FMP
31
Financial Management Professionals
Texas
$21K – – –
GWM
32
Geneos Wealth Management
Colorado
$16K – – –
AG
33
Advisor Group
Arizona
$7K +$7.6K +462 New
TFS
34
TrustCore Financial Services
Tennessee
$3K – – –
PFGIA
35
Patriot Financial Group Insurance Agency
Massachusetts
$3K +$3.32K +202 New
WCG
36
Weaver Consulting Group
California
$2K +$1.5K +91 New
Susquehanna International Group
37
Susquehanna International Group
Pennsylvania
– -$259K -16,118 Closed
WAM
38
Weiss Asset Management
Massachusetts
– -$181K -11,246 Closed
WT
39
Whittier Trust
California
– -$134K -8,349 Closed
MOS
40
MGO One Seven
Ohio
– -$37K -2,322 Closed
1
2

OPP Hedge Fund Activity: Q1 2019 in Review

36 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q1 2019, worth a combined $49.6M — down 0.4% from $49.8M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new OPP positions and 5 closed out — a net gain of 2 holders — while 14 added to existing stakes and 9 trimmed.

The largest buyer was UBS Group, adding an estimated $1.53M. The largest seller was Relative Value Partners Group, cutting an estimated $1.58M.

  • 36 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q1 2019, up from 35 in Q4 2018.
  • Funds reported $49.6M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q1 2019, down 0.4% quarter-over-quarter.
  • 7 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q1 2019 and 5 closed out, a net change of +2 holders.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q1 2019 was UBS Group, an estimated $1.53M added.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q1 2019 was Relative Value Partners Group, an estimated $1.58M sold.

Based on aggregated 13F filings for Q1 2019.