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OPP

RiverNorth/DoubleLine Strategic Opportunity Fund
OPP

52 hedge funds and large institutions have $51.1M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2020 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 14 increasing their positions, 16 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

180% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 5

16% more funds holding

Funds holding: 45 → 52 (+7)

0.61% more ownership

Funds ownership: 36.12% → 36.74% (+0.61%)

13% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 16

21% less capital invested

Capital invested by funds: $64.5M → $51.1M (-$13.4M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
52
Holders Change
+7
Holders Change %
+15.56%
% of All Funds
1.15%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
14
Increased
14
Reduced
16
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
TJHA
Thomas J. Herzfeld Advisors
Florida
+$1.72M
2
FFA
First Foundation Advisors
California
+$1.37M
3
SCM
Saba Capital Management
New York
+$1.28M
4
RJA
Raymond James & Associates
Florida
+$1.18M
5
MF
Manchester Financial
California
+$1.17M

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$1.85M
2
ICM
Ionic Capital Management
New York
-$1.59M
3
LCM
Landscape Capital Management
New Jersey
-$1.06M
4
YCM
Yakira Capital Management
Connecticut
-$815K
5
Bank of America
Bank of America
North Carolina
-$755K
Name Holding Trade Value Shares
Change 		Change in
Stake
FM
26
Family Management
New York
$399K +$491K +31,550 New
FG
27
Fiduciary Group
Georgia
$390K +$91.2K +5,865 +24%
SWM
28
SeaCrest Wealth Management
New York
$388K -$43.3K -2,787 -8%
WAP
29
Wealthcare Advisory Partners
Pennsylvania
$365K +$10.5K +676 +2%
SF
30
Synovus Financial
Georgia
$285K +$351K +22,560 New
Osaic Holdings
31
Osaic Holdings
Arizona
$282K +$347K +22,337 New
SFA
32
Sequoia Financial Advisors
Ohio
$268K +$329K +21,151 New
LCM
33
Landscape Capital Management
New Jersey
$262K -$1.06M -68,143 -77%
YCM
34
Yakira Capital Management
Connecticut
$211K -$815K -52,420 -76%
CIBC Private Wealth Group
35
CIBC Private Wealth Group
Georgia
$210K – – –
AWM
36
AE Wealth Management
Kansas
$181K +$223K +14,319 New
CGA
37
Crescent Grove Advisors
Illinois
$172K +$212K +13,617 New
AW
38
ACG Wealth
Georgia
$160K – – –
RJFSA
39
Raymond James Financial Services Advisors
Florida
$134K +$164K +10,571 New
AFP
40
Ausdal Financial Partners
Iowa
$130K +$157K +10,120 New
Rockefeller Capital Management
41
Rockefeller Capital Management
New York
$64K – – –
CAN
42
Claraphi Advisory Network
United States
$41K +$50.8K +3,264 New
ASN
43
Advisory Services Network
Georgia
$25K – – –
Citigroup
44
Citigroup
New York
$19K -$6.67K -429 -22%
FMP
45
Financial Management Professionals
Texas
$13K – – –
GWM
46
Geneos Wealth Management
Colorado
$12K – – –
Fifth Third Bancorp
47
Fifth Third Bancorp
Ohio
$9K +$11.6K +749 New
PAM
48
Panagora Asset Management
Massachusetts
$8K +$4.36K +280 +87%
Northwestern Mutual Wealth Management
49
Northwestern Mutual Wealth Management
Wisconsin
$8K +$9.44K +607 New
TFS
50
TrustCore Financial Services
Tennessee
$3K – – –
1
2
3

OPP Hedge Fund Activity: Q1 2020 in Review

52 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q1 2020, worth a combined $51.1M — down 21% from $64.5M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new OPP positions and 5 closed out — a net gain of 9 holders — while 14 added to existing stakes and 16 trimmed.

The largest buyer was Thomas J. Herzfeld Advisors, opening a new position worth an estimated $1.72M. The largest seller was UBS Group, cutting an estimated $1.85M.

  • 52 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q1 2020, up from 45 in Q4 2019.
  • Funds reported $51.1M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q1 2020, down 21% quarter-over-quarter.
  • 14 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q1 2020 and 5 closed out, a net change of +9 holders.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q1 2020 was Thomas J. Herzfeld Advisors, an estimated $1.72M added.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q1 2020 was UBS Group, an estimated $1.85M sold.

Based on aggregated 13F filings for Q1 2020.