RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
34 hedge funds and large institutions have $44.8M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2019 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 17 increasing their positions, 9 reducing their positions, and 4 closing their positions.
89% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 9
3.86% less ownership
Funds ownership: 29.18% → 25.32% (-3.9%)
6% less funds holding
Funds holding: 36 → 34 (-2)
10% less capital invested
Capital invested by funds: $49.6M → $44.8M (-$4.83M)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.26M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$407K |
| 3 |
FFG
Ford Financial Group
Fresno,
California
|
+$186K |
| 4 |
CA
Cetera Advisors
Denver,
Colorado
|
+$179K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$141K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
-$3.54M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.99M |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.09M |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$861K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$315K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FFG
26
Ford Financial Group
Fresno,
California
| $187K | +$186K | +11,105 | New |
|
|
ASN
27
Advisory Services Network
Atlanta,
Georgia
| $28K | +$27.6K | +1,645 | New |
|
28
Citigroup
New York
| $24K | -$7.03K | -419 | -23% |
|
|
FMP
29
Financial Management Professionals
Austin,
Texas
| $22K | – | – | – |
|
|
GWM
30
Geneos Wealth Management
Englewood,
Colorado
| $17K | – | – | – |
|
|
AG
31
Advisor Group
Phoenix,
Arizona
| $8K | +$252 | +15 | +3% |
|
|
TJHA
32
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $5K | -$1.09M | -65,100 | -100% |
|
|
TFS
33
TrustCore Financial Services
Brentwood,
Tennessee
| $3K | – | – | – |
|
|
WCG
34
Weaver Consulting Group
Huntington Beach,
California
| $2K | – | – | – |
|
|
RVPG
35
Relative Value Partners Group
| – | -$3.54M | -218,563 | Closed |
|
|
SFS
36
Shaker Financial Services
Arlington,
Virginia
| – | -$315K | -19,466 | Closed |
|
37
Rockefeller Capital Management
New York
| – | -$42K | -2,579 | Closed |
|
|
PFGIA
38
Patriot Financial Group Insurance Agency
Westborough,
Massachusetts
| – | -$3K | -202 | Closed |
|
OPP Hedge Fund Activity: Q2 2019 in Review
34 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q2 2019, worth a combined $44.8M — down 9.7% from $49.6M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of OPP and 2 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 17 added.
The largest buyer was Morgan Stanley, adding an estimated $1.26M. The largest seller was Relative Value Partners Group, exiting entirely with an estimated $3.54M sold.
- 34 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q2 2019, down from 36 in Q1 2019.
- Funds reported $44.8M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q2 2019, down 9.7% quarter-over-quarter.
- 2 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q2 2019 and 4 closed out, a net change of -2 holders.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q2 2019 was Morgan Stanley, an estimated $1.26M added.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q2 2019 was Relative Value Partners Group, an estimated $3.54M sold.
Based on aggregated 13F filings for Q2 2019.