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OPP

RiverNorth/DoubleLine Strategic Opportunity Fund
OPP

52 hedge funds and large institutions have $43.4M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2022 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 13 increasing their positions, 15 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 9

6% more funds holding

Funds holding: 49 → 52 (+3)

2.7% less ownership

Funds ownership: 28.61% → 25.91% (-2.7%)

13% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 15

14% less capital invested

Capital invested by funds: $50.6M → $43.4M (-$7.23M)

Holders
52
Holders Change
+3
Holders Change %
+6.12%
% of All Funds
0.84%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
13
Reduced
15
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.08M
2
1CP
1607 Capital Partners
Virginia
+$804K
3
Baird Financial Group
Baird Financial Group
Wisconsin
+$553K
4
Millennium Management
Millennium Management
New York
+$472K
5
LSC
Logan Stone Capital
Illinois
+$257K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$4.13M
2
Invesco
Invesco
Georgia
-$1.78M
3
CCP
Clough Capital Partners
Massachusetts
-$1.45M
4
Morgan Stanley
Morgan Stanley
New York
-$574K
5
GC
Guggenheim Capital
Illinois
-$274K
Name Holding Trade Value Shares
Change 		Change in
Stake
LSC
26
Logan Stone Capital
Illinois
$244K +$257K +28,465 New
NWA
27
Navis Wealth Advisors
New York
$228K +$226 +25 +0.1%
MC
28
Moors & Cabot
Massachusetts
$208K +$63.9K +7,084 +41%
LCM
29
Landscape Capital Management
New Jersey
$206K +$217K +24,018 New
HF
30
HRT Financial
New York
$172K +$182K +20,116 New
Bank of Montreal
31
Bank of Montreal
Ontario, Canada
$164K +$31.2K +3,460 +26%
Stifel Financial
32
Stifel Financial
Missouri
$152K -$352 -39 -0.2%
FG
33
Fiduciary Group
Georgia
$131K -$28.4K -3,147 -17%
Walleye Capital
34
Walleye Capital
New York
$130K +$137K +15,160 New
EWM
35
Edge Wealth Management
New York
$128K – – –
WS
36
Wedbush Securities
California
$120K – – –
RJA
37
Raymond James & Associates
Florida
$118K -$11.5K -1,272 -8%
Jane Street
38
Jane Street
New York
$117K -$11.9K -1,315 -9%
CA
39
CoreCap Advisors
Michigan
$108K +$113K +12,549 New
Cambridge Investment Research Advisors
40
Cambridge Investment Research Advisors
Iowa
$97K +$102K +11,339 New
HCM
41
Hollencrest Capital Management
California
$95K +$99.9K +11,076 New
Bank of America
42
Bank of America
North Carolina
$84.1K +$15K +1,665 +20%
Rockefeller Capital Management
43
Rockefeller Capital Management
New York
$69K +$13.7K +1,518 +23%
ASN
44
Advisory Services Network
Georgia
$57.1K +$60.1K +6,657 New
PTC
45
Private Trust Company
Ohio
$15K – – –
GJIA
46
Glass Jacobson Investment Advisors
Maryland
$13.5K +$14.2K +1,569 New
BAAM
47
Baker Avenue Asset Management
California
$5.42K +$5.69K +631 New
FMP
48
Financial Management Professionals
Texas
$4K – – –
SPIA
49
Steward Partners Investment Advisory
New York
$3.48K – – –
GWM
50
Geneos Wealth Management
Colorado
$3K – – –
1
2
3

OPP Hedge Fund Activity: Q4 2022 in Review

52 of the 6,222 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q4 2022, worth a combined $43.4M — down 14% from $50.6M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new OPP positions and 9 closed out — a net gain of 3 holders — while 13 added to existing stakes and 15 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $1.08M. The largest seller was Sit Investment Associates, cutting an estimated $4.13M.

  • 52 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q4 2022, up from 49 in Q3 2022.
  • Funds reported $43.4M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q4 2022, down 14% quarter-over-quarter.
  • 12 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q4 2022 and 9 closed out, a net change of +3 holders.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q4 2022 was Royal Bank of Canada, an estimated $1.08M added.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q4 2022 was Sit Investment Associates, an estimated $4.13M sold.

Based on aggregated 13F filings for Q4 2022.