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OPP

RiverNorth/DoubleLine Strategic Opportunity Fund
OPP

57 hedge funds and large institutions have $51.8M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2024 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 21 increasing their positions, 15 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 6

40% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 15

8% more funds holding

Funds holding: 53 → 57 (+4)

7.25% less ownership

Funds ownership: 33.76% → 26.51% (-7.2%)

19% less capital invested

Capital invested by funds: $64.1M → $51.8M (-$12.2M)

Holders
57
Holders Change
+4
Holders Change %
+7.55%
% of All Funds
0.82%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
21
Reduced
15
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFS
Shaker Financial Services
Virginia
+$544K
2
PI
PFG Investments
New York
+$469K
3
RP
Riverbridge Partners
Minnesota
+$300K
4
MP
Mangrove Partners
Connecticut
+$261K
5
OP
ORG Partners
Indiana
+$256K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$9.44M
2
SIA
Sit Investment Associates
Minnesota
-$4.8M
3
SWP
Significant Wealth Partners
Illinois
-$1.59M
4
HH
Hilltop Holdings
Texas
-$280K
5
SCM
Saba Capital Management
New York
-$207K
Name Holding Trade Value Shares
Change 		Change in
Stake
PIA
26
Perennial Investment Advisors
California
$361K – – –
VAM
27
Verity Asset Management
North Carolina
$335K +$2.54K +307 +0.8%
RP
28
Riverbridge Partners
Minnesota
$309K +$300K +36,268 New
YCM
29
Yakira Capital Management
Connecticut
$301K – – –
CA
30
CoreCap Advisors
Michigan
$265K +$123K +14,876 +92%
OP
31
ORG Partners
Indiana
$261K +$256K +30,889 New
Comerica Bank
32
Comerica Bank
Texas
$244K +$861 +104 +0.4%
CF
33
Centaurus Financial
California
$236K -$77.5K -9,364 -25%
BRWA
34
B. Riley Wealth Advisors
Florida
$234K -$25.1K -3,036 -9%
AWA
35
Arete Wealth Advisors
Illinois
$228K +$3.92K +474 +2%
NWA
36
Navis Wealth Advisors
New York
$227K +$248 +30 +0.1%
HighTower Advisors
37
HighTower Advisors
Illinois
$222K +$40.8K +4,928 +22%
Walleye Capital
38
Walleye Capital
New York
$200K +$194K +23,456 New
ICMP
39
Integrated Capital Management (Pennsylvania)
Pennsylvania
$174K +$11.4K +1,379 +7%
JWCA
40
J.W. Cole Advisors
Florida
$160K +$156K +18,805 New
Stifel Financial
41
Stifel Financial
Missouri
$138K +$4.54K +549 +4%
Cetera Investment Advisers
42
Cetera Investment Advisers
Illinois
$117K +$114K +13,779 New
Bank of America
43
Bank of America
North Carolina
$117K +$42.7K +5,154 +60%
FG
44
Fiduciary Group
Georgia
$112K -$8.38K -1,012 -7%
HCM
45
Hollencrest Capital Management
California
$94.3K – – –
BWM
46
BlackDiamond Wealth Management
New York
$87.7K -$132 -16 -0.2%
Nomura Holdings
47
Nomura Holdings
Japan
$86.2K -$46.1K -5,566 -35%
FFWM
48
Future Financial Wealth Management
Ohio
$73.3K +$71.2K +8,602 New
NS
49
NBC Securities
Alabama
$55K – – –
PMFA
50
Plante Moran Financial Advisors
Michigan
$20.3K +$19.7K +2,384 New
1
2
3

OPP Hedge Fund Activity: Q1 2024 in Review

57 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q1 2024, worth a combined $51.8M — down 19% from $64.1M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new OPP positions and 6 closed out — a net gain of 4 holders — while 21 added to existing stakes and 15 trimmed.

The largest buyer was Shaker Financial Services, adding an estimated $544K. The largest seller was Morgan Stanley, cutting an estimated $9.44M.

  • 57 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q1 2024, up from 53 in Q4 2023.
  • Funds reported $51.8M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q1 2024, down 19% quarter-over-quarter.
  • 10 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q1 2024 and 6 closed out, a net change of +4 holders.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q1 2024 was Shaker Financial Services, an estimated $544K added.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q1 2024 was Morgan Stanley, an estimated $9.44M sold.

Based on aggregated 13F filings for Q1 2024.