RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
32 hedge funds and large institutions have $40.5M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2018 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 10 increasing their positions, 11 reducing their positions, and 4 closing their positions.
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
10% more funds holding
Funds holding: 29 → 32 (+3)
0.33% less ownership
Funds ownership: 22.16% → 21.83% (-0.33%)
9% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 11
14% less capital inflows, than outflows
Capital inflows: $3.62M | Capital outflows: $4.21M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
+$1.06M |
| 2 |
Cetera Advisors
Denver,
Colorado
|
+$710K |
| 3 |
WAP
Wealthcare Advisory Partners
West Chester,
Pennsylvania
|
+$475K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$374K |
| 5 |
Bryn Mawr Capital Management
Philadelphia,
Pennsylvania
|
+$329K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$1.21M |
| 2 |
Moloney Securities Asset Management
Manchester,
Missouri
|
-$983K |
| 3 |
Laurion Capital Management
New York
|
-$430K |
| 4 |
AW
ACG Wealth
Atlanta,
Georgia
|
-$378K |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$281K |
OPP Hedge Fund Activity: Q2 2018 in Review
32 of the 4,386 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q2 2018, worth a combined $40.5M — down 2.2% from $41.4M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new OPP positions and 4 closed out — a net gain of 4 holders — while 10 added to existing stakes and 11 trimmed.
The largest buyer was Stifel Financial, adding an estimated $1.06M. The largest seller was UBS Group, cutting an estimated $1.21M.
- 32 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q2 2018, up from 29 in Q1 2018.
- Funds reported $40.5M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q2 2018, down 2.2% quarter-over-quarter.
- 8 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q2 2018 and 4 closed out, a net change of +4 holders.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q2 2018 was Stifel Financial, an estimated $1.06M added.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q2 2018 was UBS Group, an estimated $1.21M sold.
Based on aggregated 13F filings for Q2 2018.