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OPP

RiverNorth/DoubleLine Strategic Opportunity Fund
OPP

49 hedge funds and large institutions have $50.6M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2022 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 13 increasing their positions, 17 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 5

61% more capital invested

Capital invested by funds: $31.3M → $50.6M (+$19.3M)

12.91% more ownership

Funds ownership: 15.69% → 28.61% (+13%)

9% more funds holding

Funds holding: 45 → 49 (+4)

24% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 17

Holders
49
Holders Change
+4
Holders Change %
+8.89%
% of All Funds
0.84%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
13
Reduced
17
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$28M
2
CCP
Clough Capital Partners
Massachusetts
+$1.69M
3
LPL Financial
LPL Financial
California
+$694K
4
CL
CSS LLC
Illinois
+$643K
5
AAS
Avantax Advisory Services
Texas
+$447K

Top Sellers

Rank Fund Capital Flow
1
FTCM
First Trust Capital Management
Illinois
-$1.83M
2
Baird Financial Group
Baird Financial Group
Wisconsin
-$852K
3
Morgan Stanley
Morgan Stanley
New York
-$537K
4
LCM
Landscape Capital Management
New Jersey
-$529K
5
Invesco
Invesco
Georgia
-$504K
Name Holding Trade Value Shares
Change 		Change in
Stake
NWA
26
Navis Wealth Advisors
New York
$241K +$212 +20 +0.1%
FG
27
Fiduciary Group
Georgia
$165K +$5.36K +506 +3%
Stifel Financial
28
Stifel Financial
Missouri
$161K -$35K -3,304 -16%
MC
29
Moors & Cabot
Massachusetts
$156K +$48.3K +4,554 +36%
SFS
30
Shaker Financial Services
Virginia
$138K -$23.3K -2,201 -13%
EWM
31
Edge Wealth Management
New York
$136K – – –
RJA
32
Raymond James & Associates
Florida
$136K – – –
Jane Street
33
Jane Street
New York
$136K +$158K +14,953 New
WS
34
Wedbush Securities
California
$127K -$10.7K -1,012 -7%
KPWS
35
Kestra Private Wealth Services
Texas
$105K +$4.83K +456 +4%
Baird Financial Group
36
Baird Financial Group
Wisconsin
$103K -$852K -80,388 -88%
AGM
37
Alpine Global Management
New York
$98K +$115K +10,828 New
Bank of America
38
Bank of America
North Carolina
$74K -$53.4K -5,036 -38%
Rockefeller Capital Management
39
Rockefeller Capital Management
New York
$59K -$424 -40 -0.6%
PTC
40
Private Trust Company
Ohio
$15K – – –
WWMSC
41
Wagner Wealth Management (South Carolina)
South Carolina
$9K – – –
FMP
42
Financial Management Professionals
Texas
$5K – – –
SPIA
43
Steward Partners Investment Advisory
New York
$4K – – –
GI
44
Gradient Investments
Minnesota
$4K +$4.76K +449 New
GWM
45
Geneos Wealth Management
Colorado
$3K -$5.36K -506 -59%
IA
46
IFP Advisors
Florida
$2K -$191 -18 -16%
EWA
47
EverSource Wealth Advisors
Alabama
$1K +$795 +75 New
Bank of Montreal
48
Bank of Montreal
Ontario, Canada
$135 -$109K -10,242 -43%
FTCM
49
First Trust Capital Management
Illinois
– -$1.83M -203,107 Closed
LCM
50
Landscape Capital Management
New Jersey
– -$529K -49,149 Closed
1
2
3

OPP Hedge Fund Activity: Q3 2022 in Review

49 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q3 2022, worth a combined $50.6M — up 61% from $31.3M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new OPP positions and 5 closed out — a net gain of 5 holders — while 13 added to existing stakes and 17 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $28M. The largest seller was First Trust Capital Management, exiting entirely with an estimated $1.83M sold.

  • 49 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q3 2022, up from 45 in Q2 2022.
  • Funds reported $50.6M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q3 2022, up 61% quarter-over-quarter.
  • 10 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q3 2022 and 5 closed out, a net change of +5 holders.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q3 2022 was Sit Investment Associates, an estimated $28M added.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q3 2022 was First Trust Capital Management, an estimated $1.83M sold.

Based on aggregated 13F filings for Q3 2022.