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OPP

RiverNorth/DoubleLine Strategic Opportunity Fund
OPP

50 hedge funds and large institutions have $44.4M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2020 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 18 increasing their positions, 17 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 7

11% more funds holding

Funds holding: 45 → 50 (+5)

6% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 17

1% more capital invested

Capital invested by funds: $44.1M → $44.4M (+$290K)

1.65% less ownership

Funds ownership: 24.29% → 22.64% (-1.7%)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
50
Holders Change
+5
Holders Change %
+11.11%
% of All Funds
0.88%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
12
Increased
18
Reduced
17
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFS
Shaker Financial Services
Virginia
+$668K
2
Bank of America
Bank of America
North Carolina
+$590K
3
LCM
Landscape Capital Management
New Jersey
+$546K
4
Stifel Financial
Stifel Financial
Missouri
+$475K
5
CL
CSS LLC
Illinois
+$362K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.61M
2
UFM
Ursa Fund Management
California
-$1.14M
3
RJA
Raymond James & Associates
Florida
-$595K
4
CA
Cetera Advisors
Colorado
-$516K
5
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
-$440K
Name Holding Trade Value Shares
Change 		Change in
Stake
Osaic Holdings
26
Osaic Holdings
Arizona
$349K +$40.9K +2,941 +14%
SIA
27
Sit Investment Associates
Minnesota
$336K +$103K +7,408 +45%
FG
28
Fiduciary Group
Georgia
$325K -$58K -4,169 -16%
WWMSC
29
Wagner Wealth Management (South Carolina)
South Carolina
$291K +$286K +20,594 New
HH
30
Hilltop Holdings
Texas
$244K +$239K +17,221 New
RJFSA
31
Raymond James Financial Services Advisors
Florida
$224K +$7.41K +533 +3%
AWM
32
AE Wealth Management
Kansas
$182K -$9.47K -681 -5%
BRWM
33
B. Riley Wealth Management
Tennessee
$179K +$176K +12,650 New
RJA
34
Raymond James & Associates
Florida
$162K -$595K -42,800 -79%
MF
35
Manchester Financial
California
$162K -$4.17K -300 -3%
TJHA
36
Thomas J. Herzfeld Advisors
Florida
$136K -$14.8K -1,065 -10%
FWM
37
FSA Wealth Management
Massachusetts
$96K +$93.9K +6,755 New
Rockefeller Capital Management
38
Rockefeller Capital Management
New York
$93K – – –
DWP
39
Destiny Wealth Partners
Florida
$59K +$57.8K +4,159 New
FIA
40
FNY Investment Advisers
New York
$52K +$52K +3,737 New
ASN
41
Advisory Services Network
Georgia
$40K +$6.6K +475 +20%
PWPS
42
Pinnacle Wealth Planning Services
Ohio
$31K +$30.3K +2,178 New
AssetMark Inc
43
AssetMark Inc
California
$14K -$74.8K -5,381 -84%
FMP
44
Financial Management Professionals
Texas
$14K – – –
CWC
45
Carolinas Wealth Consulting
North Carolina
$14K +$13.6K +981 New
FF
46
FourThought Financial
Florida
$5K +$5.63K +405 New
TFS
47
TrustCore Financial Services
Tennessee
$3K – – –
GWM
48
Geneos Wealth Management
Colorado
$2K +$2.25K +162 New
PAM
49
Panagora Asset Management
Massachusetts
$1K -$6.97K -501 -83%
SFS
50
Sowell Financial Services
Arkansas
$1K +$153 +11 +21%
1
2
3

OPP Hedge Fund Activity: Q4 2020 in Review

50 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q4 2020, worth a combined $44.4M — up 0.66% from $44.1M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new OPP positions and 7 closed out — a net gain of 5 holders — while 18 added to existing stakes and 17 trimmed.

The largest buyer was Shaker Financial Services, adding an estimated $668K. The largest seller was Morgan Stanley, cutting an estimated $1.61M.

  • 50 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q4 2020, up from 45 in Q3 2020.
  • Funds reported $44.4M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q4 2020, up 0.66% quarter-over-quarter.
  • 12 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q4 2020 and 7 closed out, a net change of +5 holders.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q4 2020 was Shaker Financial Services, an estimated $668K added.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q4 2020 was Morgan Stanley, an estimated $1.61M sold.

Based on aggregated 13F filings for Q4 2020.