RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
45 hedge funds and large institutions have $64.5M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2019 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 19 increasing their positions, 8 reducing their positions, and 1 closing their positions.
1,000% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 1
138% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 8
53% more capital invested
Capital invested by funds: $42M → $64.5M (+$22.5M)
25% more funds holding
Funds holding: 36 → 45 (+9)
12.86% more ownership
Funds ownership: 23.27% → 36.12% (+13%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$7.18M |
| 2 |
ICM
Ionic Capital Management
New York
|
+$3.64M |
| 3 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$2.64M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.76M |
| 5 |
FFA
First Foundation Advisors
Irvine,
California
|
+$1.52M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$733K |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$329K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$273K |
| 4 |
BMCM
Bryn Mawr Capital Management
Philadelphia,
Pennsylvania
|
-$76.7K |
| 5 |
Citigroup
New York
|
-$15.7K |
OPP Hedge Fund Activity: Q4 2019 in Review
45 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q4 2019, worth a combined $64.5M — up 53% from $42M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new OPP positions and 1 closed out — a net gain of 10 holders — while 19 added to existing stakes and 8 trimmed.
The largest buyer was Sit Investment Associates, opening a new position worth an estimated $7.18M. The largest seller was UBS Group, cutting an estimated $733K.
- 45 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q4 2019, up from 36 in Q3 2019.
- Funds reported $64.5M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q4 2019, up 53% quarter-over-quarter.
- 11 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q4 2019 and 1 closed out, a net change of +10 holders.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q4 2019 was Sit Investment Associates, an estimated $7.18M added.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q4 2019 was UBS Group, an estimated $733K sold.
Based on aggregated 13F filings for Q4 2019.