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OPP

RiverNorth/DoubleLine Strategic Opportunity Fund
OPP

47 hedge funds and large institutions have $47.9M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2024 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 14 increasing their positions, 20 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.62% less ownership

Funds ownership: 26.51% → 24.89% (-1.6%)

8% less capital invested

Capital invested by funds: $51.8M → $47.9M (-$3.95M)

18% less funds holding

Funds holding: 57 → 47 (-10)

30% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 20

82% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 11

Holders
47
Holders Change
-10
Holders Change %
-17.54%
% of All Funds
0.68%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
14
Reduced
20
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.34M
2
RP
Riverbridge Partners
Minnesota
+$991K
3
SFC
Strategic Financial Concepts
Texas
+$985K
4
PI
PFG Investments
New York
+$228K
5
JWCA
J.W. Cole Advisors
Florida
+$193K

Top Sellers

Rank Fund Capital Flow
1
SFS
Shaker Financial Services
Virginia
-$1.67M
2
SIA
Sit Investment Associates
Minnesota
-$1.11M
3
Osaic Holdings
Osaic Holdings
Arizona
-$873K
4
BFM
Boothbay Fund Management
New York
-$686K
5
LCM
Landscape Capital Management
New Jersey
-$614K
Name Holding Trade Value Shares
Change 		Change in
Stake
CA
26
CoreCap Advisors
Michigan
$301K +$34.8K +4,150 +13%
YCM
27
Yakira Capital Management
Connecticut
$268K -$33.1K -3,947 -11%
OP
28
ORG Partners
Indiana
$257K -$6.62K -790 -3%
BRWA
29
B. Riley Wealth Advisors
Florida
$249K -$6.36K -759 -3%
Comerica Bank
30
Comerica Bank
Texas
$246K +$838 +100 +0.3%
NWA
31
Navis Wealth Advisors
New York
$228K +$193 +23 +0.1%
ICMP
32
Integrated Capital Management (Pennsylvania)
Pennsylvania
$194K +$18.9K +2,251 +11%
Stifel Financial
33
Stifel Financial
Missouri
$188K +$48.2K +5,757 +36%
SIA
34
Sit Investment Associates
Minnesota
$129K -$1.11M -131,890 -90%
Osaic Holdings
35
Osaic Holdings
Arizona
$122K -$873K -104,158 -88%
Bank of America
36
Bank of America
North Carolina
$115K -$2.29K -273 -2%
FG
37
Fiduciary Group
Georgia
$112K – – –
HCM
38
Hollencrest Capital Management
California
$94.7K – – –
Nomura Holdings
39
Nomura Holdings
Japan
$86.5K – – –
NS
40
NBC Securities
Alabama
$55K – – –
AT
41
Arlington Trust
Alabama
$43.3K +$42.4K +5,060 New
SPIA
42
Steward Partners Investment Advisory
New York
$19.9K – – –
CIBC Private Wealth Group
43
CIBC Private Wealth Group
Georgia
$18.9K -$101 -12 -0.5%
National Bank of Canada
44
National Bank of Canada
Quebec, Canada
$18.6K – – –
SFC
45
Strategic Financial Concepts
Texas
$13.2K +$985K +117,554 New
GWM
46
Geneos Wealth Management
Colorado
$2.98K – – –
AssetMark Inc
47
AssetMark Inc
California
$640 -$628 -75 -50%
BFM
48
Boothbay Fund Management
New York
– -$686K -80,511 Closed
EAM
49
Eschler Asset Management
United Kingdom
– -$552K -65,331 Closed
CF
50
Centaurus Financial
California
– -$236K -27,764 Closed
1
2
3

OPP Hedge Fund Activity: Q2 2024 in Review

47 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q2 2024, worth a combined $47.9M — down 7.6% from $51.8M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of OPP and 2 opened new positions — a net loss of 9 holders — while 20 trimmed existing stakes and 14 added.

The largest buyer was Morgan Stanley, adding an estimated $1.34M. The largest seller was Shaker Financial Services, cutting an estimated $1.67M.

  • 47 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q2 2024, down from 57 in Q1 2024.
  • Funds reported $47.9M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q2 2024, down 7.6% quarter-over-quarter.
  • 2 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q2 2024 and 11 closed out, a net change of -9 holders.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q2 2024 was Morgan Stanley, an estimated $1.34M added.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q2 2024 was Shaker Financial Services, an estimated $1.67M sold.

Based on aggregated 13F filings for Q2 2024.