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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 2023 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 20 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

2% less funds holding

Funds holding: 53 → 52 (-1)

6.19% less ownership

Funds ownership: 30.34% → 24.15% (-6.2%)

13% less capital invested

Capital invested by funds: $49.9M → $43.4M (-$6.58M)

17% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 6

25% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 20

Holders
52
Holders Change
-1
Holders Change %
-1.89%
% of All Funds
0.83%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
15
Reduced
20
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
EAM
Eschler Asset Management
United Kingdom
+$456K
2
Baird Financial Group
Baird Financial Group
Wisconsin
+$338K
3
NCM
Next Capital Management
New York
+$263K
4
QL
Quarry LP
New York
+$197K
5
CCP
Clough Capital Partners
Massachusetts
+$197K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$1.49M
2
MP
Mangrove Partners
Connecticut
-$524K
3
SFS
Shaker Financial Services
Virginia
-$483K
4
Morgan Stanley
Morgan Stanley
New York
-$458K
5
AAS
Avantax Advisory Services
Texas
-$356K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJA
26
Raymond James & Associates
Florida
$329K +$180K +21,717 +107%
VAM
27
Verity Asset Management
North Carolina
$288K -$1.05K -126 -0.3%
YCM
28
Yakira Capital Management
Connecticut
$276K – – –
HH
29
Hilltop Holdings
Texas
$265K +$8.96K +1,080 +3%
BRWA
30
B. Riley Wealth Advisors
Florida
$234K – – –
NWA
31
Navis Wealth Advisors
New York
$208K +$174 +21 +0.1%
AWA
32
Arete Wealth Advisors
Illinois
$190K +$20.7K +2,489 +11%
WS
33
Wedbush Securities
California
$161K – – –
SCM
34
Saba Capital Management
New York
$149K -$1.49M -179,526 -90%
ICMP
35
Integrated Capital Management (Pennsylvania)
Pennsylvania
$148K -$8.15K -982 -5%
CL
36
CSS LLC
Illinois
$140K -$194K -23,363 -57%
Stifel Financial
37
Stifel Financial
Missouri
$136K +$1.65K +199 +1%
LCM
38
Landscape Capital Management
New Jersey
$134K -$203K -24,461 -59%
Comerica Bank
39
Comerica Bank
Texas
$124K +$132K +15,916 New
EWM
40
Edge Wealth Management
New York
$116K – – –
CA
41
CoreCap Advisors
Michigan
$114K – – –
FG
42
Fiduciary Group
Georgia
$111K -$8.4K -1,012 -7%
Susquehanna International Group
43
Susquehanna International Group
Pennsylvania
$100K +$107K +12,835 New
PI
44
PFG Investments
New York
$98.1K -$24.7K -2,971 -19%
SFC
45
Strategic Financial Concepts
Texas
$96.5K +$16K +1,922 +18%
MSAM
46
Moloney Securities Asset Management
Missouri
$95.4K +$101K +12,211 New
HCM
47
Hollencrest Capital Management
California
$86.6K – – –
NS
48
NBC Securities
Alabama
$82K +$87.3K +10,521 New
Bank of America
49
Bank of America
North Carolina
$65.7K +$888 +107 +1%
SPIA
50
Steward Partners Investment Advisory
New York
$19K – – –
1
2
3

OPP Hedge Fund Activity: Q3 2023 in Review

52 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q3 2023, worth a combined $43.4M — down 13% from $49.9M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of OPP and 5 opened new positions — a net loss of 1 holder — while 20 trimmed existing stakes and 15 added.

The largest buyer was Eschler Asset Management, opening a new position worth an estimated $456K. The largest seller was Saba Capital Management, cutting an estimated $1.49M.

  • 52 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q3 2023, down from 53 in Q2 2023.
  • Funds reported $43.4M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q3 2023, down 13% quarter-over-quarter.
  • 5 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q3 2023 and 6 closed out, a net change of -1 holder.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q3 2023 was Eschler Asset Management, an estimated $456K added.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q3 2023 was Saba Capital Management, an estimated $1.49M sold.

Based on aggregated 13F filings for Q3 2023.