RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
50 hedge funds and large institutions have $44.4M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2020 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 18 increasing their positions, 17 reducing their positions, and 7 closing their positions.
71% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 7
11% more funds holding
Funds holding: 45 → 50 (+5)
6% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 17
1% more capital invested
Capital invested by funds: $44.1M → $44.4M (+$290K)
1.65% less ownership
Funds ownership: 24.29% → 22.64% (-1.7%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$668K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$590K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$546K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$475K |
| 5 |
CL
CSS LLC
Chicago,
Illinois
|
+$362K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.61M |
| 2 |
UFM
Ursa Fund Management
Danville,
California
|
-$1.14M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$595K |
| 4 |
CA
Cetera Advisors
Denver,
Colorado
|
-$516K |
| 5 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
-$440K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
UFM
51
Ursa Fund Management
Danville,
California
| – | -$1.14M | -83,996 | Closed |
|
|
52
CIBC Private Wealth Group
Atlanta,
Georgia
| – | -$440K | -32,467 | Closed |
|
|
WAP
53
Wealthcare Advisory Partners
West Chester,
Pennsylvania
| – | -$250K | -18,448 | Closed |
|
|
AW
54
ACG Wealth
Atlanta,
Georgia
| – | -$172K | -12,650 | Closed |
|
|
YCM
55
Yakira Capital Management
Westport,
Connecticut
| – | -$168K | -12,397 | Closed |
|
56
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$149K | -11,019 | Closed |
|
57
Barclays
London,
United Kingdom
| – | -$1K | -78 | Closed |
|
OPP Hedge Fund Activity: Q4 2020 in Review
50 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q4 2020, worth a combined $44.4M — up 0.66% from $44.1M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new OPP positions and 7 closed out — a net gain of 5 holders — while 18 added to existing stakes and 17 trimmed.
The largest buyer was Shaker Financial Services, adding an estimated $668K. The largest seller was Morgan Stanley, cutting an estimated $1.61M.
- 50 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q4 2020, up from 45 in Q3 2020.
- Funds reported $44.4M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q4 2020, up 0.66% quarter-over-quarter.
- 12 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q4 2020 and 7 closed out, a net change of +5 holders.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q4 2020 was Shaker Financial Services, an estimated $668K added.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q4 2020 was Morgan Stanley, an estimated $1.61M sold.
Based on aggregated 13F filings for Q4 2020.