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OPP

RiverNorth/DoubleLine Strategic Opportunity Fund
OPP

37 hedge funds and large institutions have $41.4M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2022 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 14 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

7% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 14

1.44% less ownership

Funds ownership: 18.93% → 17.49% (-1.4%)

12% less funds holding

Funds holding: 42 → 37 (-5)

18% less capital invested

Capital invested by funds: $50.2M → $41.4M (-$8.87M)

44% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 9

Holders
37
Holders Change
-5
Holders Change %
-11.9%
% of All Funds
0.58%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
15
Reduced
14
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFS
Shaker Financial Services
Virginia
+$820K
2
CF
Centaurus Financial
California
+$796K
3
LPL Financial
LPL Financial
California
+$589K
4
LCM
Landscape Capital Management
New Jersey
+$302K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$231K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$4.26M
2
Truist Financial
Truist Financial
North Carolina
-$454K
3
Invesco
Invesco
Georgia
-$348K
4
PPA
Parametric Portfolio Associates
Washington
-$305K
5
WWMSC
Wagner Wealth Management (South Carolina)
South Carolina
-$240K
Name Holding Trade Value Shares
Change 		Change in
Stake
EWM
26
Edge Wealth Management
New York
$255K +$2.54K +191 +0.9%
Susquehanna International Group
27
Susquehanna International Group
Pennsylvania
$214K +$231K +17,349 New
WS
28
Wedbush Securities
California
$201K +$217K +16,293 New
FG
29
Fiduciary Group
Georgia
$195K -$24.4K -1,839 -9%
Bank of America
30
Bank of America
North Carolina
$193K -$12.3K -929 -6%
RJA
31
Raymond James & Associates
Florida
$181K -$26.9K -2,024 -12%
MF
32
Manchester Financial
California
$173K -$37.9K -2,849 -17%
KPWS
33
Kestra Private Wealth Services
Texas
$132K +$3.04K +229 +2%
Rockefeller Capital Management
34
Rockefeller Capital Management
New York
$80K – – –
GWM
35
Geneos Wealth Management
Colorado
$10K +$2.48K +187 +28%
FMP
36
Financial Management Professionals
Texas
$6K – – –
IA
37
IFP Advisors
Florida
$2K +$1.49K +112 New
Truist Financial
38
Truist Financial
North Carolina
– -$454K -32,367 Closed
WWMSC
39
Wagner Wealth Management (South Carolina)
South Carolina
– -$240K -17,078 Closed
RJFSA
40
Raymond James Financial Services Advisors
Florida
– -$215K -15,294 Closed
VF
41
Virtu Financial
New York
– -$158K -11,292 Closed
CA
42
CoreCap Advisors
Michigan
– -$133K -9,513 Closed
SM
43
SG3 Management
Puerto Rico
– -$68K -4,858 Closed
FF
44
FourThought Financial
Florida
– -$3K -202 Closed
Citigroup
45
Citigroup
New York
– -$1K -60 Closed
1
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OPP Hedge Fund Activity: Q1 2022 in Review

37 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q1 2022, worth a combined $41.4M — down 18% from $50.2M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of OPP and 5 opened new positions — a net loss of 4 holders — while 14 trimmed existing stakes and 15 added.

The largest buyer was Shaker Financial Services, opening a new position worth an estimated $820K. The largest seller was Sit Investment Associates, cutting an estimated $4.26M.

  • 37 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q1 2022, down from 42 in Q4 2021.
  • Funds reported $41.4M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q1 2022, down 18% quarter-over-quarter.
  • 5 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q1 2022 and 9 closed out, a net change of -4 holders.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q1 2022 was Shaker Financial Services, an estimated $820K added.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q1 2022 was Sit Investment Associates, an estimated $4.26M sold.

Based on aggregated 13F filings for Q1 2022.