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OPP

RiverNorth/DoubleLine Strategic Opportunity Fund
OPP

45 hedge funds and large institutions have $64.5M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2019 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 19 increasing their positions, 8 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,000% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 1

138% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 8

53% more capital invested

Capital invested by funds: $42M → $64.5M (+$22.5M)

25% more funds holding

Funds holding: 36 → 45 (+9)

12.86% more ownership

Funds ownership: 23.27% → 36.12% (+13%)

Holders
45
Holders Change
+9
Holders Change %
+25%
% of All Funds
0.89%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
11
Increased
19
Reduced
8
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$7.18M
2
ICM
Ionic Capital Management
New York
+$3.64M
3
PAIM
Punch & Associates Investment Management
Minnesota
+$2.64M
4
Bank of America
Bank of America
North Carolina
+$1.76M
5
FFA
First Foundation Advisors
California
+$1.52M

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$733K
2
PPA
Parametric Portfolio Associates
Washington
-$329K
3
Wells Fargo
Wells Fargo
California
-$273K
4
BMCM
Bryn Mawr Capital Management
Pennsylvania
-$76.7K
5
Citigroup
Citigroup
New York
-$15.7K
Name Holding Trade Value Shares
Change 		Change in
Stake
WAP
26
Wealthcare Advisory Partners
Pennsylvania
$457K +$1.99K +119 +0.4%
FG
27
Fiduciary Group
Georgia
$405K +$6.67K +400 +2%
FIA
28
FNY Investment Advisers
New York
$319K +$240K +14,355 +269%
CIBC Private Wealth Group
29
CIBC Private Wealth Group
Georgia
$269K – – –
MF
30
Manchester Financial
California
$254K -$11.8K -709 -4%
CCP
31
Clough Capital Partners
Massachusetts
$245K +$252K +15,079 New
SFS
32
Shaker Financial Services
Virginia
$230K +$237K +14,173 New
AW
33
ACG Wealth
Georgia
$205K – – –
DP
34
Denver PWM
Colorado
$182K +$187K +11,233 New
AG
35
Advisor Group
Arizona
$146K +$145K +8,666 +2,556%
Rockefeller Capital Management
36
Rockefeller Capital Management
New York
$82K +$84.4K +5,060 New
Citigroup
37
Citigroup
New York
$32K -$15.7K -942 -33%
ASN
38
Advisory Services Network
Georgia
$32K +$5.91K +354 +22%
FMP
39
Financial Management Professionals
Texas
$16K – – –
GWM
40
Geneos Wealth Management
Colorado
$16K – – –
RIA
41
Realta Investment Advisors
Delaware
$16K – – –
PAM
42
Panagora Asset Management
Massachusetts
$5K -$4.34K -260 -45%
TFS
43
TrustCore Financial Services
Tennessee
$3K – – –
WCG
44
Weaver Consulting Group
California
$2K – – –
SFS
45
Sowell Financial Services
Arkansas
$1K -$200 -12 -18%
TJHA
46
Thomas J. Herzfeld Advisors
Florida
– -$5K -304 Closed
1
2

OPP Hedge Fund Activity: Q4 2019 in Review

45 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q4 2019, worth a combined $64.5M — up 53% from $42M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new OPP positions and 1 closed out — a net gain of 10 holders — while 19 added to existing stakes and 8 trimmed.

The largest buyer was Sit Investment Associates, opening a new position worth an estimated $7.18M. The largest seller was UBS Group, cutting an estimated $733K.

  • 45 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q4 2019, up from 36 in Q3 2019.
  • Funds reported $64.5M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q4 2019, up 53% quarter-over-quarter.
  • 11 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q4 2019 and 1 closed out, a net change of +10 holders.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q4 2019 was Sit Investment Associates, an estimated $7.18M added.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q4 2019 was UBS Group, an estimated $733K sold.

Based on aggregated 13F filings for Q4 2019.