RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
9 hedge funds and large institutions have $11.5M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2016 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 1 increasing their positions, 1 reducing their positions, and closing their positions.
350% more funds holding
Funds holding: 2 → 9 (+7)
211% more capital invested
Capital invested by funds: $3.71M → $11.5M (+$7.82M)
6.02% more ownership
Funds ownership: 0% → 6.02% (+6%)
0% more repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$4.43M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.33M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.03M |
| 4 |
VKH
Virtu KCG Holdings
New York
|
+$933K |
| 5 |
LCM
Laurion Capital Management
New York
|
+$521K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AW
ACG Wealth
Atlanta,
Georgia
|
-$251K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
UBS Group
Zurich,
Switzerland
| $4.48M | +$4.43M | +230,477 | +1,504% |
|
|
AW
2
ACG Wealth
Atlanta,
Georgia
| $2.89M | -$251K | -13,052 | -8% |
|
|
3
Bank of America
Charlotte,
North Carolina
| $1.26M | +$1.33M | +69,015 | New |
|
|
4
Wells Fargo
San Francisco,
California
| $979K | +$1.03M | +53,735 | New |
|
|
VKH
5
Virtu KCG Holdings
New York
| $884K | +$933K | +48,513 | New |
|
|
LCM
6
Laurion Capital Management
New York
| $493K | +$521K | +27,093 | New |
|
7
Royal Bank of Canada
Toronto,
Ontario, Canada
| $324K | +$342K | +17,773 | New |
|
|
CA
8
Cetera Advisors
Denver,
Colorado
| $205K | +$216K | +11,213 | New |
|
|
TRCT
9
Tower Research Capital (TRC)
New York
| $17K | +$17.5K | +911 | New |
|
OPP Hedge Fund Activity: Q4 2016 in Review
9 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q4 2016, worth a combined $11.5M — up 211% from $3.71M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new OPP positions and 0 closed out — a net gain of 7 holders — while 1 added to existing stakes and 1 trimmed.
The largest buyer was UBS Group, adding an estimated $4.43M. The largest seller was ACG Wealth, cutting an estimated $251K.
- 9 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q4 2016, up from 2 in Q3 2016.
- Funds reported $11.5M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q4 2016, up 211% quarter-over-quarter.
- 7 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q4 2016 and 0 closed out, a net change of +7 holders.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q4 2016 was UBS Group, an estimated $4.43M added.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q4 2016 was ACG Wealth, an estimated $251K sold.
Based on aggregated 13F filings for Q4 2016.