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OPP

RiverNorth/DoubleLine Strategic Opportunity Fund

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.

New
Increased
Maintained
Reduced
Closed

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: 3645 (+9)

12.86% more ownership

Funds ownership: 23.27%36.12% (+13%)

Holders
45
Holders Change
+9
Holders Change %
+25%
% of All Funds
0.89%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
11
Increased
19
Reduced
8
Closed
1
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
PAIM
1
Punch & Associates Investment Management
Minnesota
$12.5M +$2.64M +158,122 +26%
UBS Group
2
UBS Group
Switzerland
$8.52M -$733K -43,950 -8%
SIA
3
Sit Investment Associates
Minnesota
$6.99M +$7.18M +430,486 New
Morgan Stanley
4
Morgan Stanley
New York
$4.8M +$1.5M +89,760 +44%
ICM
5
Ionic Capital Management
New York
$3.54M +$3.64M +217,886 New
Stifel Financial
6
Stifel Financial
Missouri
$2.76M +$939K +56,265 +49%
Bank of America
7
Bank of America
North Carolina
$2.31M +$1.76M +105,620 +289%
FFA
8
First Foundation Advisors
California
$2.22M +$1.52M +91,175 +201%
Invesco
9
Invesco
Georgia
$2.17M +$709K +42,464 +46%
CA
10
Cetera Advisors
Colorado
$1.98M +$301K +18,019 +17%
Wells Fargo
11
Wells Fargo
California
$1.52M -$273K -16,381 -15%
LCM
12
Landscape Capital Management
New Jersey
$1.44M +$1.48M +88,893 New
Royal Bank of Canada
13
Royal Bank of Canada
Ontario, Canada
$1.43M +$629K +37,715 +75%
PPA
14
Parametric Portfolio Associates
Washington
$1.17M -$329K -19,725 -21%
YCM
15
Yakira Capital Management
Connecticut
$1.12M +$1.15M +69,119 New
Baird Financial Group
16
Baird Financial Group
Wisconsin
$1.06M +$6.76K +405 +0.6%
Truist Financial
17
Truist Financial
North Carolina
$939K +$965K +57,841 New
EWM
18
Edge Wealth Management
New York
$933K +$14.2K +853 +2%
BMCM
19
Bryn Mawr Capital Management
Pennsylvania
$836K -$76.7K -4,595 -8%
LTFS
20
Ladenburg Thalmann Financial Services
Florida
$658K +$471K +28,229 +229%
MAFM
21
Mid Atlantic Financial Management
Pennsylvania
$573K +$365K +21,859 +162%
FFG
22
Ford Financial Group
California
$550K +$325K +19,494 +135%
MSAM
23
Moloney Securities Asset Management
Missouri
$548K +$564K +33,769 New
SWM
24
SeaCrest Wealth Management
New York
$543K +$120K +7,204 +27%
Millennium Management
25
Millennium Management
New York
$480K +$493K +29,550 New

OPP Hedge Fund Activity: Q4 2019 in Review

45 of the 5,075 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.