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OPP

RiverNorth/DoubleLine Strategic Opportunity Fund
OPP

44 hedge funds and large institutions have $46.9M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2024 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 12 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 12

2% less capital invested

Capital invested by funds: $47.9M → $46.9M (-$1.01M)

2.13% less ownership

Funds ownership: 24.89% → 22.76% (-2.1%)

6% less funds holding

Funds holding: 47 → 44 (-3)

30% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 10

Holders
44
Holders Change
-3
Holders Change %
-6.38%
% of All Funds
0.63%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
13
Reduced
12
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.05M
2
JWCA
J.W. Cole Advisors
Florida
+$528K
3
PCIA
Prime Capital Investment Advisors
Kansas
+$512K
4
SFS
Shaker Financial Services
Virginia
+$321K
5
WSFS
Wilmington Savings Fund Society
Delaware
+$272K

Top Sellers

Rank Fund Capital Flow
1
MP
Mangrove Partners
Connecticut
-$1.85M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$1.07M
3
PAS
Park Avenue Securities
New York
-$1.03M
4
SFC
Strategic Financial Concepts
Texas
-$907K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$658K
Name Holding Trade Value Shares
Change 		Change in
Stake
Comerica Bank
26
Comerica Bank
Texas
$258K +$299 +34 +0.1%
Stifel Financial
27
Stifel Financial
Missouri
$250K +$51.6K +5,877 +27%
NWA
28
Navis Wealth Advisors
New York
$239K +$211 +24 +0.1%
SFC
29
Strategic Financial Concepts
Texas
$128K -$907K -103,285 -88%
Osaic Holdings
30
Osaic Holdings
Arizona
$123K -$4.47K -509 -4%
FG
31
Fiduciary Group
Georgia
$118K – – –
HCM
32
Hollencrest Capital Management
California
$99.3K – – –
SA
33
Sanctuary Advisors
Indiana
$96.7K +$102K +11,577 New
Bank of America
34
Bank of America
North Carolina
$82.4K -$37.2K -4,232 -32%
FFWM
35
Future Financial Wealth Management
Ohio
$77.1K +$75.6K +8,602 New
NS
36
NBC Securities
Alabama
$58K – – –
PNC Financial Services Group
37
PNC Financial Services Group
Pennsylvania
$45.4K +$44.5K +5,060 New
SPIA
38
Steward Partners Investment Advisory
New York
$20.9K – – –
CIBC Private Wealth Group
39
CIBC Private Wealth Group
Georgia
$19.7K – – –
National Bank of Canada
40
National Bank of Canada
Quebec, Canada
$19.6K – – –
GWM
41
Geneos Wealth Management
Colorado
$3.13K – – –
Carson Wealth (CWM LLC)
42
Carson Wealth (CWM LLC)
Nebraska
$3K +$3.42K +389 New
AssetMark Inc
43
AssetMark Inc
California
$672 – – –
Fidelity Investments
44
Fidelity Investments
Massachusetts
$9 +$9 +1 New
MP
45
Mangrove Partners
Connecticut
– -$1.85M -215,899 Closed
Envestnet Asset Management
46
Envestnet Asset Management
Illinois
– -$1.07M -125,748 Closed
PAS
47
Park Avenue Securities
New York
– -$1.03M -120,202 Closed
LCM
48
Landscape Capital Management
New Jersey
– -$363K -42,470 Closed
YCM
49
Yakira Capital Management
Connecticut
– -$268K -31,370 Closed
BRWA
50
B. Riley Wealth Advisors
Florida
– -$249K -29,175 Closed
1
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OPP Hedge Fund Activity: Q3 2024 in Review

44 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q3 2024, worth a combined $46.9M — down 2.1% from $47.9M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of OPP and 7 opened new positions — a net loss of 3 holders — while 12 trimmed existing stakes and 13 added.

The largest buyer was Morgan Stanley, adding an estimated $1.05M. The largest seller was Mangrove Partners, exiting entirely with an estimated $1.85M sold.

  • 44 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q3 2024, down from 47 in Q2 2024.
  • Funds reported $46.9M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q3 2024, down 2.1% quarter-over-quarter.
  • 7 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q3 2024 and 10 closed out, a net change of -3 holders.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q3 2024 was Morgan Stanley, an estimated $1.05M added.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q3 2024 was Mangrove Partners, an estimated $1.85M sold.

Based on aggregated 13F filings for Q3 2024.