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OPP

RiverNorth/DoubleLine Strategic Opportunity Fund
OPP

36 hedge funds and large institutions have $42M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2019 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 11 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 3

6% more funds holding

Funds holding: 34 → 36 (+2)

9% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 11

2.05% less ownership

Funds ownership: 25.32% → 23.27% (-2.1%)

6% less capital invested

Capital invested by funds: $44.8M → $42M (-$2.77M)

Holders
36
Holders Change
+2
Holders Change %
+5.88%
% of All Funds
0.79%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
12
Reduced
11
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$1.31M
2
Morgan Stanley
Morgan Stanley
New York
+$1.14M
3
FFA
First Foundation Advisors
California
+$786K
4
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
+$287K
5
CA
Cetera Advisors
Colorado
+$240K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$3.77M
2
SIA
Sit Investment Associates
Minnesota
-$1.9M
3
MSAM
Moloney Securities Asset Management
Missouri
-$1.14M
4
Stifel Financial
Stifel Financial
Missouri
-$404K
5
CCP
Clough Capital Partners
Massachusetts
-$230K
Name Holding Trade Value Shares
Change 		Change in
Stake
Citigroup
26
Citigroup
New York
$50K +$25.4K +1,469 +103%
ASN
27
Advisory Services Network
Georgia
$28K – – –
FMP
28
Financial Management Professionals
Texas
$17K -$5.26K -304 -23%
GWM
29
Geneos Wealth Management
Colorado
$17K – – –
RIA
30
Realta Investment Advisors
Delaware
$17K +$17.5K +1,012 New
PAM
31
Panagora Asset Management
Massachusetts
$10K +$10.1K +582 New
AG
32
Advisor Group
Arizona
$6K -$2.39K -138 -29%
TJHA
33
Thomas J. Herzfeld Advisors
Florida
$5K – – –
TFS
34
TrustCore Financial Services
Tennessee
$3K – – –
WCG
35
Weaver Consulting Group
California
$2K – – –
SFS
36
Sowell Financial Services
Arkansas
$1K +$1.16K +67 New
SIA
37
Sit Investment Associates
Minnesota
– -$1.9M -112,676 Closed
MSAM
38
Moloney Securities Asset Management
Missouri
– -$1.14M -67,780 Closed
CCP
39
Clough Capital Partners
Massachusetts
– -$230K -13,656 Closed
1
2

OPP Hedge Fund Activity: Q3 2019 in Review

36 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q3 2019, worth a combined $42M — down 6.2% from $44.8M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new OPP positions and 3 closed out — a net gain of 2 holders — while 12 added to existing stakes and 11 trimmed.

The largest buyer was UBS Group, adding an estimated $1.31M. The largest seller was Bank of America, cutting an estimated $3.77M.

  • 36 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q3 2019, up from 34 in Q2 2019.
  • Funds reported $42M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q3 2019, down 6.2% quarter-over-quarter.
  • 5 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q3 2019 and 3 closed out, a net change of +2 holders.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q3 2019 was UBS Group, an estimated $1.31M added.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q3 2019 was Bank of America, an estimated $3.77M sold.

Based on aggregated 13F filings for Q3 2019.