RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
44 hedge funds and large institutions have $46.9M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2024 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 12 reducing their positions, and 10 closing their positions.
8% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 12
2% less capital invested
Capital invested by funds: $47.9M → $46.9M (-$1.01M)
2.13% less ownership
Funds ownership: 24.89% → 22.76% (-2.1%)
6% less funds holding
Funds holding: 47 → 44 (-3)
30% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.05M |
| 2 |
JWCA
J.W. Cole Advisors
Tampa,
Florida
|
+$528K |
| 3 |
PCIA
Prime Capital Investment Advisors
Overland Park,
Kansas
|
+$512K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$321K |
| 5 |
WSFS
Wilmington Savings Fund Society
Wilmington,
Delaware
|
+$272K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
-$1.85M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.07M |
| 3 |
PAS
Park Avenue Securities
New York
|
-$1.03M |
| 4 |
SFC
Strategic Financial Concepts
San Antonio,
Texas
|
-$907K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$658K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ICMP
51
Integrated Capital Management (Pennsylvania)
Jessup,
Pennsylvania
| – | -$194K | -22,686 | Closed |
|
|
SIA
52
Sit Investment Associates
Minneapolis,
Minnesota
| – | -$129K | -15,136 | Closed |
|
53
Nomura Holdings
Tokyo,
Japan
| – | -$86.5K | -10,120 | Closed |
|
|
AT
54
Arlington Trust
Birmingham,
Alabama
| – | -$43.3K | -5,060 | Closed |
|
OPP Hedge Fund Activity: Q3 2024 in Review
44 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q3 2024, worth a combined $46.9M — down 2.1% from $47.9M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of OPP and 7 opened new positions — a net loss of 3 holders — while 12 trimmed existing stakes and 13 added.
The largest buyer was Morgan Stanley, adding an estimated $1.05M. The largest seller was Mangrove Partners, exiting entirely with an estimated $1.85M sold.
- 44 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q3 2024, down from 47 in Q2 2024.
- Funds reported $46.9M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q3 2024, down 2.1% quarter-over-quarter.
- 7 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q3 2024 and 10 closed out, a net change of -3 holders.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q3 2024 was Morgan Stanley, an estimated $1.05M added.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q3 2024 was Mangrove Partners, an estimated $1.85M sold.
Based on aggregated 13F filings for Q3 2024.