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OPP

RiverNorth/DoubleLine Strategic Opportunity Fund
OPP

55 hedge funds and large institutions have $54M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2023 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 15 increasing their positions, 8 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

88% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 8

38% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 13

25% more capital invested

Capital invested by funds: $43.4M → $54M (+$10.7M)

6% more funds holding

Funds holding: 52 → 55 (+3)

3.32% more ownership

Funds ownership: 25.91% → 29.23% (+3.3%)

Holders
55
Holders Change
+3
Holders Change %
+5.77%
% of All Funds
0.88%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
18
Increased
15
Reduced
8
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$5.09M
2
SFS
Shaker Financial Services
Virginia
+$2.67M
3
SCM
Saba Capital Management
New York
+$1.85M
4
MP
Mangrove Partners
Connecticut
+$1.7M
5
MC
Matisse Capital
Oregon
+$1.4M

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$11.7M
2
NA
NewEdge Advisors
Louisiana
-$734K
3
FFG
Ford Financial Group
California
-$488K
4
Millennium Management
Millennium Management
New York
-$449K
5
FFA
First Foundation Advisors
California
-$272K
Name Holding Trade Value Shares
Change 		Change in
Stake
CL
26
CSS LLC
Illinois
$332K +$12.4K +1,434 +4%
YCM
27
Yakira Capital Management
Connecticut
$299K – – –
NCM
28
Next Capital Management
New York
$279K – – –
HH
29
Hilltop Holdings
Texas
$278K – – –
BRWA
30
B. Riley Wealth Advisors
Florida
$275K – – –
FIA
31
Foundations Investment Advisors
Arizona
$250K – – –
AC
32
Almitas Capital
California
$233K +$238K +27,526 New
HighTower Advisors
33
HighTower Advisors
Illinois
$232K +$244K +28,321 New
NWA
34
Navis Wealth Advisors
New York
$225K +$181 +21 +0.1%
CCP
35
Clough Capital Partners
Massachusetts
$200K +$204K +23,666 New
QL
36
Quarry LP
New York
$200K +$204K +23,666 New
VAM
37
Verity Asset Management
North Carolina
$191K +$194K +22,530 New
WS
38
Wedbush Securities
California
$182K +$65.5K +7,590 +54%
ICMP
39
Integrated Capital Management (Pennsylvania)
Pennsylvania
$150K +$147K +17,031 New
Stifel Financial
40
Stifel Financial
Missouri
$144K -$6.15K -713 -4%
FG
41
Fiduciary Group
Georgia
$129K – – –
EWM
42
Edge Wealth Management
New York
$125K – – –
RJA
43
Raymond James & Associates
Florida
$115K -$846 -98 -0.7%
PI
44
PFG Investments
New York
$111K +$114K +13,181 New
HCM
45
Hollencrest Capital Management
California
$93.7K – – –
SFC
46
Strategic Financial Concepts
Texas
$88.2K +$90K +10,424 New
Bank of America
47
Bank of America
North Carolina
$77.7K -$5.42K -628 -6%
ASN
48
Advisory Services Network
Georgia
$56.3K – – –
JP Morgan Chase
49
JP Morgan Chase
New York
$24.3K +$25.1K +2,903 New
Bessemer Group
50
Bessemer Group
New Jersey
$5K +$4.87K +564 New
1
2
3

OPP Hedge Fund Activity: Q1 2023 in Review

55 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q1 2023, worth a combined $54M — up 25% from $43.4M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new OPP positions and 13 closed out — a net gain of 5 holders — while 15 added to existing stakes and 8 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $5.09M. The largest seller was Sit Investment Associates, cutting an estimated $11.7M.

  • 55 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q1 2023, up from 52 in Q4 2022.
  • Funds reported $54M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q1 2023, up 25% quarter-over-quarter.
  • 18 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q1 2023 and 13 closed out, a net change of +5 holders.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q1 2023 was Morgan Stanley, an estimated $5.09M added.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q1 2023 was Sit Investment Associates, an estimated $11.7M sold.

Based on aggregated 13F filings for Q1 2023.