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OPP

RiverNorth/DoubleLine Strategic Opportunity Fund
OPP

39 hedge funds and large institutions have $40.3M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2021 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 17 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

3.15% less ownership

Funds ownership: 22.64% → 19.48% (-3.2%)

9% less capital invested

Capital invested by funds: $44.4M → $40.3M (-$4.1M)

22% less funds holding

Funds holding: 50 → 39 (-11)

29% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 17

79% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 14

Holders
39
Holders Change
-11
Holders Change %
-22%
% of All Funds
0.68%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
12
Reduced
17
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$4.94M
2
UBS Group
UBS Group
Switzerland
+$430K
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$355K
4
HH
Hilltop Holdings
Texas
+$236K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$156K

Top Sellers

Rank Fund Capital Flow
1
PAIM
Punch & Associates Investment Management
Minnesota
-$3.54M
2
Bank of America
Bank of America
North Carolina
-$1.33M
3
FM
Family Management
New York
-$1.29M
4
SFS
Shaker Financial Services
Virginia
-$1.19M
5
FFA
First Foundation Advisors
California
-$1.06M
Name Holding Trade Value Shares
Change 		Change in
Stake
BRWM
26
B. Riley Wealth Management
Tennessee
$211K +$22.1K +1,518 +12%
MF
27
Manchester Financial
California
$171K – – –
Susquehanna International Group
28
Susquehanna International Group
Pennsylvania
$160K +$156K +10,694 New
Rockefeller Capital Management
29
Rockefeller Capital Management
New York
$98K – – –
SIA
30
Sit Investment Associates
Minnesota
$29K -$317K -21,773 -92%
Citigroup
31
Citigroup
New York
$23K -$371K -25,454 -94%
CWC
32
Carolinas Wealth Consulting
North Carolina
$15K – – –
FMP
33
Financial Management Professionals
Texas
$8K -$7.37K -506 -50%
US Bancorp
34
US Bancorp
Minnesota
$6K +$5.9K +405 New
FF
35
FourThought Financial
Florida
$3K -$2.96K -203 -50%
GWM
36
Geneos Wealth Management
Colorado
$2K – – –
PAM
37
Panagora Asset Management
Massachusetts
$2K +$218 +15 +15%
EVM
38
Eaton Vance Management
Massachusetts
$2K +$2.24K +154 New
SFS
39
Sowell Financial Services
Arkansas
$1K +$87 +6 +9%
FM
40
Family Management
New York
– -$1.29M -90,933 Closed
SFS
41
Shaker Financial Services
Virginia
– -$1.19M -83,904 Closed
LCM
42
Landscape Capital Management
New Jersey
– -$555K -39,256 Closed
ICM
43
Ionic Capital Management
New York
– -$425K -30,044 Closed
AWM
44
AE Wealth Management
Kansas
– -$182K -12,884 Closed
RJA
45
Raymond James & Associates
Florida
– -$162K -11,439 Closed
TJHA
46
Thomas J. Herzfeld Advisors
Florida
– -$136K -9,625 Closed
FWM
47
FSA Wealth Management
Massachusetts
– -$96K -6,755 Closed
DWP
48
Destiny Wealth Partners
Florida
– -$59K -4,159 Closed
FIA
49
FNY Investment Advisers
New York
– -$52K -3,737 Closed
ASN
50
Advisory Services Network
Georgia
– -$40K -2,807 Closed
1
2
3

OPP Hedge Fund Activity: Q1 2021 in Review

39 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q1 2021, worth a combined $40.3M — down 9.2% from $44.4M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of OPP and 3 opened new positions — a net loss of 11 holders — while 17 trimmed existing stakes and 12 added.

The largest buyer was Parametric Portfolio Associates, adding an estimated $4.94M. The largest seller was Punch & Associates Investment Management, cutting an estimated $3.54M.

  • 39 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q1 2021, down from 50 in Q4 2020.
  • Funds reported $40.3M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q1 2021, down 9.2% quarter-over-quarter.
  • 3 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q1 2021 and 14 closed out, a net change of -11 holders.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q1 2021 was Parametric Portfolio Associates, an estimated $4.94M added.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q1 2021 was Punch & Associates Investment Management, an estimated $3.54M sold.

Based on aggregated 13F filings for Q1 2021.