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.
700% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 1
652% more capital inflows, than outflows
Capital inflows: $7.42M | Capital outflows: $987K
200% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 2
78% more funds holding
Funds holding: 9 → 16 (+7)
3.26% more ownership
Funds ownership: 5.95% → 9.21% (+3.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.09M |
| 2 |
Relative Value Partners Group
|
+$957K |
| 3 |
AW
ACG Wealth
Atlanta,
Georgia
|
+$749K |
| 4 |
Laurion Capital Management
New York
|
+$747K |
| 5 |
BB&T Securities
Richmond,
Virginia
|
+$707K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Virtu KCG Holdings
New York
|
-$884K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$86.6K |
| 3 |
Tower Research Capital (TRC)
New York
|
-$16K |
OPP Hedge Fund Activity: Q1 2017 in Review
16 of the 4,035 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.