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OPP

RiverNorth/DoubleLine Strategic Opportunity Fund
OPP

16 hedge funds and large institutions have $18.3M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2017 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 6 increasing their positions, 2 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

700% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 1

200% more repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 2

78% more funds holding

Funds holding: 9 → 16 (+7)

59% more capital invested

Capital invested by funds: $11.5M → $18.3M (+$6.78M)

3.3% more ownership

Funds ownership: 6.02% → 9.32% (+3.3%)

Holders
16
Holders Change
+7
Holders Change %
+77.78%
% of All Funds
0.4%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
6
Reduced
2
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$1.09M
2
RVPG
Relative Value Partners Group
+$957K
3
AW
ACG Wealth
Georgia
+$749K
4
LCM
Laurion Capital Management
New York
+$747K
5
BTS
BB&T Securities
Virginia
+$707K

Top Sellers

Rank Fund Capital Flow
1
VKH
Virtu KCG Holdings
New York
-$884K
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$86.6K
3
TRCT
Tower Research Capital (TRC)
New York
-$16K
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
1
UBS Group
Switzerland
$5.21M +$603K +32,522 +13%
AW
2
ACG Wealth
Georgia
$3.72M +$749K +40,402 +25%
Bank of America
3
Bank of America
North Carolina
$2.39M +$1.09M +58,546 +85%
Wells Fargo
4
Wells Fargo
California
$1.66M +$648K +34,954 +65%
LCM
5
Laurion Capital Management
New York
$1.26M +$747K +40,289 +149%
RVPG
6
Relative Value Partners Group
$960K +$957K +51,594 New
BTS
7
BB&T Securities
Virginia
$713K +$707K +38,125 New
MSAM
8
Moloney Securities Asset Management
Missouri
$705K +$699K +37,691 New
CA
9
Cetera Advisors
Colorado
$490K +$281K +15,165 +135%
WS
10
Wedbush Securities
California
$360K +$357K +19,228 New
LPL Financial
11
LPL Financial
California
$321K +$315K +16,994 New
Royal Bank of Canada
12
Royal Bank of Canada
Ontario, Canada
$245K -$86.6K -4,668 -26%
FG
13
Fiduciary Group
Georgia
$221K +$219K +11,792 New
LTFS
14
Ladenburg Thalmann Financial Services
Florida
$30K +$30K +1,619 New
Morgan Stanley
15
Morgan Stanley
New York
$24K +$23.5K +1,265 New
WAM
16
Wealthspire Advisors (Maryland)
Maryland
$2K – – –
TRCT
17
Tower Research Capital (TRC)
New York
$1K -$16K -863 -95%
VKH
18
Virtu KCG Holdings
New York
– -$884K -48,513 Closed

OPP Hedge Fund Activity: Q1 2017 in Review

16 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q1 2017, worth a combined $18.3M — up 59% from $11.5M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new OPP positions and 1 closed out — a net gain of 7 holders — while 6 added to existing stakes and 2 trimmed.

The largest buyer was Bank of America, adding an estimated $1.09M. The largest seller was Virtu KCG Holdings, exiting entirely with an estimated $884K sold.

  • 16 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q1 2017, up from 9 in Q4 2016.
  • Funds reported $18.3M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q1 2017, up 59% quarter-over-quarter.
  • 8 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q1 2017 and 1 closed out, a net change of +7 holders.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q1 2017 was Bank of America, an estimated $1.09M added.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q1 2017 was Virtu KCG Holdings, an estimated $884K sold.

Based on aggregated 13F filings for Q1 2017.