RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
57 hedge funds and large institutions have $51.8M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2024 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 21 increasing their positions, 15 reducing their positions, and 6 closing their positions.
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
40% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 15
8% more funds holding
Funds holding: 53 → 57 (+4)
7.25% less ownership
Funds ownership: 33.76% → 26.51% (-7.2%)
19% less capital invested
Capital invested by funds: $64.1M → $51.8M (-$12.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$544K |
| 2 |
PI
PFG Investments
Woodbury,
New York
|
+$469K |
| 3 |
RP
Riverbridge Partners
Minneapolis,
Minnesota
|
+$300K |
| 4 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
+$261K |
| 5 |
OP
ORG Partners
Roanoke,
Indiana
|
+$256K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$9.44M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$4.8M |
| 3 |
SWP
Significant Wealth Partners
Cary,
Illinois
|
-$1.59M |
| 4 |
HH
Hilltop Holdings
Dallas,
Texas
|
-$280K |
| 5 |
SCM
Saba Capital Management
New York
|
-$207K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SPIA
51
Steward Partners Investment Advisory
New York
| $19.8K | -$853 | -103 | -4% |
|
52
CIBC Private Wealth Group
Atlanta,
Georgia
| $18.7K | +$18.3K | +2,208 | New |
|
53
National Bank of Canada
Montreal,
Quebec, Canada
| $18.4K | – | – | – |
|
|
FWM
54
FSA Wealth Management
Needham,
Massachusetts
| $8.62K | – | – | – |
|
55
Bessemer Group
Woodbridge,
New Jersey
| $6K | +$1.32K | +160 | +30% |
|
|
GWM
56
Geneos Wealth Management
Englewood,
Colorado
| $2.97K | – | – | – |
|
57
AssetMark Inc
Concord,
California
| $1.28K | +$1.24K | +150 | New |
|
|
SWP
58
Significant Wealth Partners
Cary,
Illinois
| – | -$1.59M | -193,007 | Closed |
|
|
HH
59
Hilltop Holdings
Dallas,
Texas
| – | -$280K | -33,916 | Closed |
|
|
SCM
60
Saba Capital Management
New York
| – | -$207K | -25,013 | Closed |
|
|
ASN
61
Advisory Services Network
Atlanta,
Georgia
| – | -$57.7K | -6,983 | Closed |
|
|
FMP
62
Financial Management Professionals
Austin,
Texas
| – | -$4K | -506 | Closed |
|
63
US Bancorp
Minneapolis,
Minnesota
| – | -$502 | -61 | Closed |
|
OPP Hedge Fund Activity: Q1 2024 in Review
57 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q1 2024, worth a combined $51.8M — down 19% from $64.1M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new OPP positions and 6 closed out — a net gain of 4 holders — while 21 added to existing stakes and 15 trimmed.
The largest buyer was Shaker Financial Services, adding an estimated $544K. The largest seller was Morgan Stanley, cutting an estimated $9.44M.
- 57 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q1 2024, up from 53 in Q4 2023.
- Funds reported $51.8M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q1 2024, down 19% quarter-over-quarter.
- 10 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q1 2024 and 6 closed out, a net change of +4 holders.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q1 2024 was Shaker Financial Services, an estimated $544K added.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q1 2024 was Morgan Stanley, an estimated $9.44M sold.
Based on aggregated 13F filings for Q1 2024.