RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
52 hedge funds and large institutions have $51.1M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2020 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 14 increasing their positions, 16 reducing their positions, and 5 closing their positions.
180% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 5
16% more funds holding
Funds holding: 45 → 52 (+7)
0.61% more ownership
Funds ownership: 36.12% → 36.74% (+0.61%)
13% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 16
21% less capital invested
Capital invested by funds: $64.5M → $51.1M (-$13.4M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$1.72M |
| 2 |
FFA
First Foundation Advisors
Irvine,
California
|
+$1.37M |
| 3 |
SCM
Saba Capital Management
New York
|
+$1.28M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.18M |
| 5 |
MF
Manchester Financial
Westlake Village,
California
|
+$1.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$1.85M |
| 2 |
ICM
Ionic Capital Management
New York
|
-$1.59M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.06M |
| 4 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$815K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$755K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WCG
51
Weaver Consulting Group
Huntington Beach,
California
| $1K | – | – | – |
|
52
Millennium Management
New York
| – | -$480K | -29,550 | Closed |
|
|
FIA
53
FNY Investment Advisers
New York
| – | -$319K | -19,693 | Closed |
|
|
CCP
54
Clough Capital Partners
Boston,
Massachusetts
| – | -$245K | -15,079 | Closed |
|
|
DP
55
Denver PWM
Denver,
Colorado
| – | -$182K | -11,233 | Closed |
|
|
RIA
56
Realta Investment Advisors
Wilmington,
Delaware
| – | -$16K | -1,012 | Closed |
|
|
SFS
57
Sowell Financial Services
North Little Rock,
Arkansas
| – | -$311 | -20 | -36% |
|
OPP Hedge Fund Activity: Q1 2020 in Review
52 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q1 2020, worth a combined $51.1M — down 21% from $64.5M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new OPP positions and 5 closed out — a net gain of 9 holders — while 14 added to existing stakes and 16 trimmed.
The largest buyer was Thomas J. Herzfeld Advisors, opening a new position worth an estimated $1.72M. The largest seller was UBS Group, cutting an estimated $1.85M.
- 52 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q1 2020, up from 45 in Q4 2019.
- Funds reported $51.1M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q1 2020, down 21% quarter-over-quarter.
- 14 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q1 2020 and 5 closed out, a net change of +9 holders.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q1 2020 was Thomas J. Herzfeld Advisors, an estimated $1.72M added.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q1 2020 was UBS Group, an estimated $1.85M sold.
Based on aggregated 13F filings for Q1 2020.