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OPP

RiverNorth/DoubleLine Strategic Opportunity Fund
OPP

53 hedge funds and large institutions have $64.1M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2023 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 26 increasing their positions, 10 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

160% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 10

48% more capital invested

Capital invested by funds: $43.4M → $64.1M (+$20.7M)

11% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 9

9.61% more ownership

Funds ownership: 24.15% → 33.76% (+9.6%)

2% more funds holding

Funds holding: 52 → 53 (+1)

Holders
53
Holders Change
+1
Holders Change %
+1.92%
% of All Funds
0.77%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
26
Reduced
10
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$12.5M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$4.64M
3
LCM
Landscape Capital Management
New Jersey
+$635K
4
RJA
Raymond James & Associates
Florida
+$542K
5
BFM
Boothbay Fund Management
New York
+$460K

Top Sellers

Rank Fund Capital Flow
1
CCP
Clough Capital Partners
Massachusetts
-$2.17M
2
QL
Quarry LP
New York
-$1.19M
3
CF
Centaurus Financial
California
-$415K
4
CA
Cetera Advisors
Colorado
-$363K
5
CL
CSS LLC
Illinois
-$140K
Name Holding Trade Value Shares
Change 		Change in
Stake
PIA
26
Perennial Investment Advisors
California
$350K -$20.2K -2,584 -6%
VAM
27
Verity Asset Management
North Carolina
$322K +$17.3K +2,222 +6%
CF
28
Centaurus Financial
California
$307K -$415K -53,188 -59%
YCM
29
Yakira Capital Management
Connecticut
$292K – – –
HH
30
Hilltop Holdings
Texas
$280K – – –
BRWA
31
B. Riley Wealth Advisors
Florida
$272K +$23.7K +3,036 +10%
Comerica Bank
32
Comerica Bank
Texas
$236K +$98.7K +12,643 +79%
NWA
33
Navis Wealth Advisors
New York
$220K +$187 +24 +0.1%
AWA
34
Arete Wealth Advisors
Illinois
$217K +$14.7K +1,888 +8%
SCM
35
Saba Capital Management
New York
$207K +$46K +5,894 +31%
HighTower Advisors
36
HighTower Advisors
Illinois
$175K +$171K +21,917 New
ICMP
37
Integrated Capital Management (Pennsylvania)
Pennsylvania
$157K +$453 +58 +0.3%
CA
38
CoreCap Advisors
Michigan
$134K +$12.6K +1,619 +11%
Nomura Holdings
39
Nomura Holdings
Japan
$130K +$122K +15,686 New
Stifel Financial
40
Stifel Financial
Missouri
$129K -$13.4K -1,717 -10%
FG
41
Fiduciary Group
Georgia
$117K -$476 -61 -0.4%
HCM
42
Hollencrest Capital Management
California
$91.5K – – –
BWM
43
BlackDiamond Wealth Management
New York
$86K +$80.4K +10,307 New
Bank of America
44
Bank of America
North Carolina
$70.6K +$1.12K +144 +2%
ASN
45
Advisory Services Network
Georgia
$57.7K +$54.5K +6,983 New
NS
46
NBC Securities
Alabama
$53K -$31.6K -4,048 -38%
SPIA
47
Steward Partners Investment Advisory
New York
$20.1K – – –
National Bank of Canada
48
National Bank of Canada
Quebec, Canada
$18.1K +$17.1K +2,190 New
FWM
49
FSA Wealth Management
Massachusetts
$8K +$7.9K +1,012 New
FMP
50
Financial Management Professionals
Texas
$4K – – –
1
2
3

OPP Hedge Fund Activity: Q4 2023 in Review

53 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q4 2023, worth a combined $64.1M — up 48% from $43.4M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new OPP positions and 9 closed out — a net gain of 1 holder — while 26 added to existing stakes and 10 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $12.5M. The largest seller was Clough Capital Partners, exiting entirely with an estimated $2.17M sold.

  • 53 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q4 2023, up from 52 in Q3 2023.
  • Funds reported $64.1M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q4 2023, up 48% quarter-over-quarter.
  • 10 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q4 2023 and 9 closed out, a net change of +1 holder.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q4 2023 was Morgan Stanley, an estimated $12.5M added.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q4 2023 was Clough Capital Partners, an estimated $2.17M sold.

Based on aggregated 13F filings for Q4 2023.