We are live on ! Find out more
OPP

RiverNorth/DoubleLine Strategic Opportunity Fund
OPP

53 hedge funds and large institutions have $49.9M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2023 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 14 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 14

1.12% more ownership

Funds ownership: 29.23% → 30.34% (+1.1%)

4% less funds holding

Funds holding: 55 → 53 (-2)

8% less capital invested

Capital invested by funds: $54M → $49.9M (-$4.11M)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

Holders
53
Holders Change
-2
Holders Change %
-3.64%
% of All Funds
0.83%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
20
Reduced
14
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$3.02M
2
CCP
Clough Capital Partners
Massachusetts
+$1.9M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.09M
4
QL
Quarry LP
New York
+$863K
5
NA
NewEdge Advisors
Louisiana
+$701K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$4.15M
2
UBS Group
UBS Group
Switzerland
-$461K
3
CF
Centaurus Financial
California
-$419K
4
Walleye Capital
Walleye Capital
New York
-$363K
5
LCM
Landscape Capital Management
New Jersey
-$319K
Name Holding Trade Value Shares
Change 		Change in
Stake
LCM
26
Landscape Capital Management
New Jersey
$351K -$319K -38,716 -48%
CL
27
CSS LLC
Illinois
$348K +$16.2K +1,970 +5%
VAM
28
Verity Asset Management
North Carolina
$311K +$118K +14,380 +64%
YCM
29
Yakira Capital Management
Connecticut
$298K – – –
NCM
30
Next Capital Management
New York
$278K – – –
HH
31
Hilltop Holdings
Texas
$277K – – –
BRWA
32
B. Riley Wealth Advisors
Florida
$253K -$20.8K -2,530 -8%
CIBC Private Wealth Group
33
CIBC Private Wealth Group
Georgia
$251K – – –
NWA
34
Navis Wealth Advisors
New York
$224K +$173 +21 +0.1%
AWA
35
Arete Wealth Advisors
Illinois
$185K +$180K +21,883 New
WS
36
Wedbush Securities
California
$174K -$7.5K -911 -4%
RJA
37
Raymond James & Associates
Florida
$172K +$55.6K +6,758 +50%
ICMP
38
Integrated Capital Management (Pennsylvania)
Pennsylvania
$169K +$24.3K +2,949 +17%
LSC
39
Logan Stone Capital
Illinois
$159K +$155K +18,874 New
Stifel Financial
40
Stifel Financial
Missouri
$145K +$1.42K +173 +1%
PI
41
PFG Investments
New York
$131K +$19.3K +2,340 +18%
FG
42
Fiduciary Group
Georgia
$129K – – –
EWM
43
Edge Wealth Management
New York
$125K – – –
CA
44
CoreCap Advisors
Michigan
$123K +$120K +14,573 New
FIA
45
Foundations Investment Advisors
Arizona
$116K -$131K -15,869 -54%
HCM
46
Hollencrest Capital Management
California
$93.5K – – –
SFC
47
Strategic Financial Concepts
Texas
$88K – – –
Bank of America
48
Bank of America
North Carolina
$70K -$7.31K -888 -10%
SPIA
49
Steward Partners Investment Advisory
New York
$20.5K +$15.8K +1,924 +378%
FMP
50
Financial Management Professionals
Texas
$4K – – –
1
2
3

OPP Hedge Fund Activity: Q2 2023 in Review

53 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q2 2023, worth a combined $49.9M — down 7.6% from $54M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of OPP and 4 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 20 added.

The largest buyer was Morgan Stanley, adding an estimated $3.02M. The largest seller was Sit Investment Associates, cutting an estimated $4.15M.

  • 53 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q2 2023, down from 55 in Q1 2023.
  • Funds reported $49.9M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q2 2023, down 7.6% quarter-over-quarter.
  • 4 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q2 2023 and 6 closed out, a net change of -2 holders.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q2 2023 was Morgan Stanley, an estimated $3.02M added.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q2 2023 was Sit Investment Associates, an estimated $4.15M sold.

Based on aggregated 13F filings for Q2 2023.