RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
17 hedge funds and large institutions have $27.8M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2017 Q3 according to their latest regulatory filings, with 4 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
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
18% more capital invested
Capital invested by funds: $23.6M → $27.8M (+$4.23M)
6% more funds holding
Funds holding: 16 → 17 (+1)
2.39% more ownership
Funds ownership: 11.66% → 14.05% (+2.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
+$2.56M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$1.88M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.74M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$299K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$224K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$1.41M |
| 2 |
AW
ACG Wealth
Atlanta,
Georgia
|
-$1.14M |
| 3 |
CIBC World Market
Toronto,
Ontario, Canada
|
-$621K |
| 4 |
Creative Planning
Overland Park,
Kansas
|
-$17K |
OPP Hedge Fund Activity: Q3 2017 in Review
17 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q3 2017, worth a combined $27.8M — up 18% from $23.6M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new OPP positions and 3 closed out — a net gain of 1 holder — while 12 added to existing stakes and 1 trimmed.
The largest buyer was Relative Value Partners Group, adding an estimated $2.56M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $1.41M sold.
- 17 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q3 2017, up from 16 in Q2 2017.
- Funds reported $27.8M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q3 2017, up 18% quarter-over-quarter.
- 4 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q3 2017 and 3 closed out, a net change of +1 holder.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q3 2017 was Relative Value Partners Group, an estimated $2.56M added.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q3 2017 was Laurion Capital Management, an estimated $1.41M sold.
Based on aggregated 13F filings for Q3 2017.