RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
52 hedge funds and large institutions have $43.4M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2022 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 13 increasing their positions, 15 reducing their positions, and 9 closing their positions.
33% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 9
6% more funds holding
Funds holding: 49 → 52 (+3)
2.7% less ownership
Funds ownership: 28.61% → 25.91% (-2.7%)
13% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 15
14% less capital invested
Capital invested by funds: $50.6M → $43.4M (-$7.23M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.08M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$804K |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$553K |
| 4 |
Millennium Management
New York
|
+$472K |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$257K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$4.13M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$1.78M |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$1.45M |
| 4 |
Morgan Stanley
New York
|
-$574K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$274K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IA
51
IFP Advisors
Tampa,
Florida
| $1K | -$424 | -47 | -50% |
|
|
EWA
52
EverSource Wealth Advisors
Birmingham,
Alabama
| $642 | – | – | – |
|
|
53
Invesco
Atlanta,
Georgia
| – | -$1.78M | -195,549 | Closed |
|
|
CCP
54
Clough Capital Partners
Boston,
Massachusetts
| – | -$1.45M | -159,388 | Closed |
|
|
GC
55
Guggenheim Capital
Chicago,
Illinois
| – | -$274K | -30,168 | Closed |
|
|
SFS
56
Shaker Financial Services
Arlington,
Virginia
| – | -$138K | -15,180 | Closed |
|
|
KPWS
57
Kestra Private Wealth Services
Austin,
Texas
| – | -$105K | -11,543 | Closed |
|
|
AGM
58
Alpine Global Management
New York
| – | -$98K | -10,828 | Closed |
|
|
WWMSC
59
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
| – | -$9K | -1,042 | Closed |
|
|
GI
60
Gradient Investments
Arden Hills,
Minnesota
| – | -$4K | -449 | Closed |
|
OPP Hedge Fund Activity: Q4 2022 in Review
52 of the 6,222 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q4 2022, worth a combined $43.4M — down 14% from $50.6M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new OPP positions and 9 closed out — a net gain of 3 holders — while 13 added to existing stakes and 15 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $1.08M. The largest seller was Sit Investment Associates, cutting an estimated $4.13M.
- 52 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q4 2022, up from 49 in Q3 2022.
- Funds reported $43.4M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q4 2022, down 14% quarter-over-quarter.
- 12 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q4 2022 and 9 closed out, a net change of +3 holders.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q4 2022 was Royal Bank of Canada, an estimated $1.08M added.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q4 2022 was Sit Investment Associates, an estimated $4.13M sold.
Based on aggregated 13F filings for Q4 2022.