RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
49 hedge funds and large institutions have $50.6M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2022 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 13 increasing their positions, 17 reducing their positions, and 5 closing their positions.
100% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 5
61% more capital invested
Capital invested by funds: $31.3M → $50.6M (+$19.3M)
12.91% more ownership
Funds ownership: 15.69% → 28.61% (+13%)
9% more funds holding
Funds holding: 45 → 49 (+4)
24% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$28M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$1.69M |
| 3 |
LPL Financial
San Diego,
California
|
+$694K |
| 4 |
CL
CSS LLC
Chicago,
Illinois
|
+$643K |
| 5 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
+$447K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
-$1.83M |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$852K |
| 3 |
Morgan Stanley
New York
|
-$537K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$529K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$504K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
USCWA
51
U.S. Capital Wealth Advisors
Austin,
Texas
| – | -$109K | -10,120 | Closed |
|
|
CA
52
CoreCap Advisors
Southfield,
Michigan
| – | -$11K | -1,012 | Closed |
|
|
CAL
53
Capital Analysts LLC
Fort Washington,
Pennsylvania
| – | -$1K | -117 | Closed |
|
54
Fidelity Investments
Boston,
Massachusetts
| – | +$11 | +1 | New |
|
OPP Hedge Fund Activity: Q3 2022 in Review
49 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q3 2022, worth a combined $50.6M — up 61% from $31.3M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new OPP positions and 5 closed out — a net gain of 5 holders — while 13 added to existing stakes and 17 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $28M. The largest seller was First Trust Capital Management, exiting entirely with an estimated $1.83M sold.
- 49 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q3 2022, up from 45 in Q2 2022.
- Funds reported $50.6M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q3 2022, up 61% quarter-over-quarter.
- 10 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q3 2022 and 5 closed out, a net change of +5 holders.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q3 2022 was Sit Investment Associates, an estimated $28M added.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q3 2022 was First Trust Capital Management, an estimated $1.83M sold.
Based on aggregated 13F filings for Q3 2022.