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OPP

RiverNorth/DoubleLine Strategic Opportunity Fund

52 hedge funds and large institutions have $51.1M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2020 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 14 increasing their positions, 16 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

180% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 5

16% more funds holding

Funds holding: 4552 (+7)

0.61% more ownership

Funds ownership: 36.12%36.74% (+0.61%)

13% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 16

21% less capital invested

Capital invested by funds: $64.5M → $51.1M (-$13.4M)

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
52
Holders Change
+7
Holders Change %
+15.56%
% of All Funds
1.15%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
14
Increased
14
Reduced
16
Closed
5
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
PAIM
1
Punch & Associates Investment Management
Minnesota
$9.37M -$448K -28,799 -4%
SIA
2
Sit Investment Associates
Minnesota
$5.22M -$271K -17,444 -4%
UBS Group
3
UBS Group
Switzerland
$5.13M -$1.85M -119,130 -23%
Morgan Stanley
4
Morgan Stanley
New York
$3.21M -$645K -41,494 -14%
FFA
5
First Foundation Advisors
California
$2.84M +$1.37M +88,169 +65%
Stifel Financial
6
Stifel Financial
Missouri
$1.96M -$230K -14,787 -9%
Invesco
7
Invesco
Georgia
$1.93M +$291K +18,722 +14%
CA
8
Cetera Advisors
Colorado
$1.75M +$258K +16,564 +14%
Wells Fargo
9
Wells Fargo
California
$1.64M +$555K +35,708 +38%
ICM
10
Ionic Capital Management
New York
$1.46M -$1.59M -102,458 -47%
TJHA
11
Thomas J. Herzfeld Advisors
Florida
$1.4M +$1.72M +110,542 New
Royal Bank of Canada
12
Royal Bank of Canada
Ontario, Canada
$1.38M +$336K +21,608 +25%
Bank of America
13
Bank of America
North Carolina
$1.18M -$755K -48,570 -34%
MF
14
Manchester Financial
California
$1.15M +$1.17M +75,327 +482%
SCM
15
Saba Capital Management
New York
$1.04M +$1.28M +82,623 New
RJA
16
Raymond James & Associates
Florida
$960K +$1.18M +75,870 New
Baird Financial Group
17
Baird Financial Group
Wisconsin
$896K +$85.4K +5,493 +8%
EWM
18
Edge Wealth Management
New York
$718K -$9.3K -598 -1%
MAFM
19
Mid Atlantic Financial Management
Pennsylvania
$659K +$261K +16,799 +48%
Truist Financial
20
Truist Financial
North Carolina
$630K -$125K -8,009 -14%
BMCM
21
Bryn Mawr Capital Management
Pennsylvania
$617K -$42.2K -2,715 -5%
PPA
22
Parametric Portfolio Associates
Washington
$502K -$507K -32,588 -45%
SFS
23
Shaker Financial Services
Virginia
$483K +$373K +23,996 +169%
MSAM
24
Moloney Securities Asset Management
Missouri
$470K +$53.1K +3,412 +10%
FFG
25
Ford Financial Group
California
$447K +$23.2K +1,492 +4%

OPP Hedge Fund Activity: Q1 2020 in Review

52 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q1 2020, worth a combined $51.1M — down 21% from $64.5M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new OPP positions and 5 closed out — a net gain of 9 holders — while 14 added to existing stakes and 16 trimmed.

The largest buyer was Thomas J. Herzfeld Advisors, opening a new position worth an estimated $1.72M. The largest seller was UBS Group, cutting an estimated $1.85M.

  • 52 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q1 2020, up from 45 in Q4 2019.
  • Funds reported $51.1M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q1 2020, down 21% quarter-over-quarter.
  • 14 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q1 2020 and 5 closed out, a net change of +9 holders.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q1 2020 was Thomas J. Herzfeld Advisors, an estimated $1.72M added.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q1 2020 was UBS Group, an estimated $1.85M sold.

Based on aggregated 13F filings for Q1 2020.