RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
47 hedge funds and large institutions have $47.9M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2024 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 14 increasing their positions, 20 reducing their positions, and 11 closing their positions.
1.62% less ownership
Funds ownership: 26.51% → 24.89% (-1.6%)
8% less capital invested
Capital invested by funds: $51.8M → $47.9M (-$3.95M)
18% less funds holding
Funds holding: 57 → 47 (-10)
30% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 20
82% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.34M |
| 2 |
RP
Riverbridge Partners
Minneapolis,
Minnesota
|
+$991K |
| 3 |
SFC
Strategic Financial Concepts
San Antonio,
Texas
|
+$985K |
| 4 |
PI
PFG Investments
Woodbury,
New York
|
+$228K |
| 5 |
JWCA
J.W. Cole Advisors
Tampa,
Florida
|
+$193K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.67M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.11M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$873K |
| 4 |
BFM
Boothbay Fund Management
New York
|
-$686K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$614K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
HighTower Advisors
Chicago,
Illinois
| – | -$222K | -26,845 | Closed |
|
|
AWA
52
Arete Wealth Advisors
Chicago,
Illinois
| – | -$228K | -26,734 | Closed |
|
53
Walleye Capital
New York
| – | -$200K | -23,456 | Closed |
|
54
Cetera Investment Advisers
Schaumburg,
Illinois
| – | -$117K | -13,779 | Closed |
|
|
BWM
55
BlackDiamond Wealth Management
New York
| – | -$87.7K | -10,291 | Closed |
|
|
FFWM
56
Future Financial Wealth Management
Cincinnati,
Ohio
| – | -$73.3K | -8,602 | Closed |
|
|
PMFA
57
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$20.3K | -2,384 | Closed |
|
58
Bessemer Group
Woodbridge,
New Jersey
| – | -$6K | -690 | Closed |
|
OPP Hedge Fund Activity: Q2 2024 in Review
47 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q2 2024, worth a combined $47.9M — down 7.6% from $51.8M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of OPP and 2 opened new positions — a net loss of 9 holders — while 20 trimmed existing stakes and 14 added.
The largest buyer was Morgan Stanley, adding an estimated $1.34M. The largest seller was Shaker Financial Services, cutting an estimated $1.67M.
- 47 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q2 2024, down from 57 in Q1 2024.
- Funds reported $47.9M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q2 2024, down 7.6% quarter-over-quarter.
- 2 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q2 2024 and 11 closed out, a net change of -9 holders.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q2 2024 was Morgan Stanley, an estimated $1.34M added.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q2 2024 was Shaker Financial Services, an estimated $1.67M sold.
Based on aggregated 13F filings for Q2 2024.