RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
36 hedge funds and large institutions have $49.6M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2019 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 9 reducing their positions, and 5 closing their positions.
56% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 9
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
3% more funds holding
Funds holding: 35 → 36 (+1)
0.39% less ownership
Funds ownership: 29.56% → 29.18% (-0.39%)
0% less capital invested
Capital invested by funds: $49.8M → $49.6M (-$201K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$1.53M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$986K |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$710K |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$455K |
| 5 |
Morgan Stanley
New York
|
+$422K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
-$1.58M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.27M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$441K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$423K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$259K |
OPP Hedge Fund Activity: Q1 2019 in Review
36 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q1 2019, worth a combined $49.6M — down 0.4% from $49.8M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new OPP positions and 5 closed out — a net gain of 2 holders — while 14 added to existing stakes and 9 trimmed.
The largest buyer was UBS Group, adding an estimated $1.53M. The largest seller was Relative Value Partners Group, cutting an estimated $1.58M.
- 36 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q1 2019, up from 35 in Q4 2018.
- Funds reported $49.6M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q1 2019, down 0.4% quarter-over-quarter.
- 7 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q1 2019 and 5 closed out, a net change of +2 holders.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q1 2019 was UBS Group, an estimated $1.53M added.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q1 2019 was Relative Value Partners Group, an estimated $1.58M sold.
Based on aggregated 13F filings for Q1 2019.