RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
39 hedge funds and large institutions have $40.3M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2021 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 17 reducing their positions, and 14 closing their positions.
3.15% less ownership
Funds ownership: 22.64% → 19.48% (-3.2%)
9% less capital invested
Capital invested by funds: $44.4M → $40.3M (-$4.1M)
22% less funds holding
Funds holding: 50 → 39 (-11)
29% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 17
79% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$4.94M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$430K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$355K |
| 4 |
HH
Hilltop Holdings
Dallas,
Texas
|
+$236K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$156K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$3.54M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.33M |
| 3 |
FM
Family Management
New York
|
-$1.29M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.19M |
| 5 |
FFA
First Foundation Advisors
Irvine,
California
|
-$1.06M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PWPS
51
Pinnacle Wealth Planning Services
Mansfield,
Ohio
| – | -$31K | -2,178 | Closed |
|
52
AssetMark Inc
Concord,
California
| – | -$14K | -1,012 | Closed |
|
|
TFS
53
TrustCore Financial Services
Brentwood,
Tennessee
| – | -$3K | -199 | Closed |
|
OPP Hedge Fund Activity: Q1 2021 in Review
39 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q1 2021, worth a combined $40.3M — down 9.2% from $44.4M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of OPP and 3 opened new positions — a net loss of 11 holders — while 17 trimmed existing stakes and 12 added.
The largest buyer was Parametric Portfolio Associates, adding an estimated $4.94M. The largest seller was Punch & Associates Investment Management, cutting an estimated $3.54M.
- 39 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q1 2021, down from 50 in Q4 2020.
- Funds reported $40.3M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q1 2021, down 9.2% quarter-over-quarter.
- 3 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q1 2021 and 14 closed out, a net change of -11 holders.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q1 2021 was Parametric Portfolio Associates, an estimated $4.94M added.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q1 2021 was Punch & Associates Investment Management, an estimated $3.54M sold.
Based on aggregated 13F filings for Q1 2021.