RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
35 hedge funds and large institutions have $49.8M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2018 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 4 closing their positions.
175% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 4
25% more capital invested
Capital invested by funds: $39.8M → $49.8M (+$10.1M)
25% more funds holding
Funds holding: 28 → 35 (+7)
20% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 10
6.76% more ownership
Funds ownership: 22.8% → 29.56% (+6.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$5.89M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$2.78M |
| 3 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$1.93M |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$1.04M |
| 5 |
MSAM
Moloney Securities Asset Management
Manchester,
Missouri
|
+$944K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$1.22M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$787K |
| 3 |
LPL Financial
San Diego,
California
|
-$712K |
| 4 |
BMCM
Bryn Mawr Capital Management
Philadelphia,
Pennsylvania
|
-$394K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$280K |
OPP Hedge Fund Activity: Q4 2018 in Review
35 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q4 2018, worth a combined $49.8M — up 25% from $39.8M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new OPP positions and 4 closed out — a net gain of 7 holders — while 12 added to existing stakes and 10 trimmed.
The largest buyer was Sit Investment Associates, opening a new position worth an estimated $5.89M. The largest seller was Wells Fargo, cutting an estimated $1.22M.
- 35 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q4 2018, up from 28 in Q3 2018.
- Funds reported $49.8M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q4 2018, up 25% quarter-over-quarter.
- 11 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q4 2018 and 4 closed out, a net change of +7 holders.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q4 2018 was Sit Investment Associates, an estimated $5.89M added.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q4 2018 was Wells Fargo, an estimated $1.22M sold.
Based on aggregated 13F filings for Q4 2018.