RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
16 hedge funds and large institutions have $23.6M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2017 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 1 reducing their positions, and 3 closing their positions.
1,100% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 1
29% more capital invested
Capital invested by funds: $18.3M → $23.6M (+$5.31M)
2.33% more ownership
Funds ownership: 9.32% → 11.66% (+2.3%)
0% more funds holding
Funds holding: 16 → 16 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$1.18M |
| 2 |
MML Investors Services
Springfield,
Massachusetts
|
+$893K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$774K |
| 4 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$607K |
| 5 |
LPL Financial
San Diego,
California
|
+$457K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WS
Wedbush Securities
Los Angeles,
California
|
-$360K |
| 2 |
Morgan Stanley
New York
|
-$24K |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$21K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$1K |
OPP Hedge Fund Activity: Q2 2017 in Review
16 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q2 2017, worth a combined $23.6M — up 29% from $18.3M a quarter earlier.
Fund positioning in OPP was balanced in Q2 2017: 3 funds opened new positions, 3 closed out, 12 added to existing stakes and 1 trimmed.
The largest buyer was UBS Group, adding an estimated $1.18M. The largest seller was Wedbush Securities, exiting entirely with an estimated $360K sold.
- 16 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q2 2017, unchanged from Q1 2017.
- Funds reported $23.6M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q2 2017, up 29% quarter-over-quarter.
- 3 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q2 2017 and 3 closed out, a net change of 0 holders.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q2 2017 was UBS Group, an estimated $1.18M added.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q2 2017 was Wedbush Securities, an estimated $360K sold.
Based on aggregated 13F filings for Q2 2017.