RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
36 hedge funds and large institutions have $42M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2019 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 11 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
6% more funds holding
Funds holding: 34 → 36 (+2)
9% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 11
2.05% less ownership
Funds ownership: 25.32% → 23.27% (-2.1%)
6% less capital invested
Capital invested by funds: $44.8M → $42M (-$2.77M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$1.31M |
| 2 |
Morgan Stanley
New York
|
+$1.14M |
| 3 |
FFA
First Foundation Advisors
Irvine,
California
|
+$786K |
| 4 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$287K |
| 5 |
CA
Cetera Advisors
Denver,
Colorado
|
+$240K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$3.77M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.9M |
| 3 |
MSAM
Moloney Securities Asset Management
Manchester,
Missouri
|
-$1.14M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$404K |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$230K |
OPP Hedge Fund Activity: Q3 2019 in Review
36 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q3 2019, worth a combined $42M — down 6.2% from $44.8M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new OPP positions and 3 closed out — a net gain of 2 holders — while 12 added to existing stakes and 11 trimmed.
The largest buyer was UBS Group, adding an estimated $1.31M. The largest seller was Bank of America, cutting an estimated $3.77M.
- 36 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q3 2019, up from 34 in Q2 2019.
- Funds reported $42M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q3 2019, down 6.2% quarter-over-quarter.
- 5 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q3 2019 and 3 closed out, a net change of +2 holders.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q3 2019 was UBS Group, an estimated $1.31M added.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q3 2019 was Bank of America, an estimated $3.77M sold.
Based on aggregated 13F filings for Q3 2019.