RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
42 hedge funds and large institutions have $50.9M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2020 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 17 increasing their positions, 16 reducing their positions, and 12 closing their positions.
6% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 16
0% less capital invested
Capital invested by funds: $51.1M → $50.9M (-$217K)
3.11% less ownership
Funds ownership: 36.74% → 33.63% (-3.1%)
19% less funds holding
Funds holding: 52 → 42 (-10)
83% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSAM
Moloney Securities Asset Management
Manchester,
Missouri
|
+$1.43M |
| 2 |
FM
Family Management
New York
|
+$880K |
| 3 |
FFA
First Foundation Advisors
Irvine,
California
|
+$692K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$340K |
| 5 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$199K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.31M |
| 2 |
SCM
Saba Capital Management
New York
|
-$1.04M |
| 3 |
ICM
Ionic Capital Management
New York
|
-$629K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$624K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$483K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GWM
51
Geneos Wealth Management
Englewood,
Colorado
| – | -$12K | -1,012 | Closed |
|
52
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$9K | -749 | Closed |
|
|
WCG
53
Weaver Consulting Group
Huntington Beach,
California
| – | -$1K | -91 | Closed |
|
OPP Hedge Fund Activity: Q2 2020 in Review
42 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q2 2020, worth a combined $50.9M — down 0.42% from $51.1M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of OPP and 2 opened new positions — a net loss of 10 holders — while 16 trimmed existing stakes and 17 added.
The largest buyer was Moloney Securities Asset Management, adding an estimated $1.43M. The largest seller was Sit Investment Associates, cutting an estimated $2.31M.
- 42 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q2 2020, down from 52 in Q1 2020.
- Funds reported $50.9M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q2 2020, down 0.42% quarter-over-quarter.
- 2 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q2 2020 and 12 closed out, a net change of -10 holders.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q2 2020 was Moloney Securities Asset Management, an estimated $1.43M added.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q2 2020 was Sit Investment Associates, an estimated $2.31M sold.
Based on aggregated 13F filings for Q2 2020.