RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
53 hedge funds and large institutions have $64.1M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2023 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 26 increasing their positions, 10 reducing their positions, and 9 closing their positions.
160% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 10
48% more capital invested
Capital invested by funds: $43.4M → $64.1M (+$20.7M)
11% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 9
9.61% more ownership
Funds ownership: 24.15% → 33.76% (+9.6%)
2% more funds holding
Funds holding: 52 → 53 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$12.5M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$4.64M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$635K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$542K |
| 5 |
BFM
Boothbay Fund Management
New York
|
+$460K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$2.17M |
| 2 |
QL
Quarry LP
New York
|
-$1.19M |
| 3 |
CF
Centaurus Financial
Anaheim,
California
|
-$415K |
| 4 |
CA
Cetera Advisors
Denver,
Colorado
|
-$363K |
| 5 |
CL
CSS LLC
Chicago,
Illinois
|
-$140K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Bessemer Group
Woodbridge,
New Jersey
| $4K | +$4.14K | +530 | New |
|
|
GWM
52
Geneos Wealth Management
Englewood,
Colorado
| $2.88K | – | – | – |
|
53
US Bancorp
Minneapolis,
Minnesota
| $502 | +$476 | +61 | New |
|
|
CCP
54
Clough Capital Partners
Boston,
Massachusetts
| – | -$2.17M | -277,829 | Closed |
|
|
QL
55
Quarry LP
New York
| – | -$1.19M | -152,240 | Closed |
|
|
CA
56
Cetera Advisors
Denver,
Colorado
| – | -$363K | -46,379 | Closed |
|
|
CL
57
CSS LLC
Chicago,
Illinois
| – | -$140K | -17,882 | Closed |
|
|
EWM
58
Edge Wealth Management
New York
| – | -$116K | -14,826 | Closed |
|
59
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$100K | -12,835 | Closed |
|
|
PI
60
PFG Investments
Woodbury,
New York
| – | -$98.1K | -12,550 | Closed |
|
|
SFC
61
Strategic Financial Concepts
San Antonio,
Texas
| – | -$96.5K | -12,346 | Closed |
|
|
MSAM
62
Moloney Securities Asset Management
Manchester,
Missouri
| – | -$95.4K | -12,211 | Closed |
|
OPP Hedge Fund Activity: Q4 2023 in Review
53 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q4 2023, worth a combined $64.1M — up 48% from $43.4M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new OPP positions and 9 closed out — a net gain of 1 holder — while 26 added to existing stakes and 10 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $12.5M. The largest seller was Clough Capital Partners, exiting entirely with an estimated $2.17M sold.
- 53 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q4 2023, up from 52 in Q3 2023.
- Funds reported $64.1M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q4 2023, up 48% quarter-over-quarter.
- 10 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q4 2023 and 9 closed out, a net change of +1 holder.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q4 2023 was Morgan Stanley, an estimated $12.5M added.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q4 2023 was Clough Capital Partners, an estimated $2.17M sold.
Based on aggregated 13F filings for Q4 2023.