RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
45 hedge funds and large institutions have $44.1M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2020 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 13 increasing their positions, 20 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
7% more funds holding
Funds holding: 42 → 45 (+3)
9.34% less ownership
Funds ownership: 33.63% → 24.29% (-9.3%)
13% less capital invested
Capital invested by funds: $50.9M → $44.1M (-$6.77M)
35% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UFM
Ursa Fund Management
Danville,
California
|
+$1.18M |
| 2 |
FFA
First Foundation Advisors
Irvine,
California
|
+$869K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$502K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$391K |
| 5 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$223K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.11M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.76M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$1.21M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$729K |
| 5 |
MF
Manchester Financial
Westlake Village,
California
|
-$688K |
OPP Hedge Fund Activity: Q3 2020 in Review
45 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q3 2020, worth a combined $44.1M — down 13% from $50.9M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new OPP positions and 3 closed out — a net gain of 3 holders — while 13 added to existing stakes and 20 trimmed.
The largest buyer was Ursa Fund Management, opening a new position worth an estimated $1.18M. The largest seller was Sit Investment Associates, cutting an estimated $3.11M.
- 45 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q3 2020, up from 42 in Q2 2020.
- Funds reported $44.1M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q3 2020, down 13% quarter-over-quarter.
- 6 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q3 2020 and 3 closed out, a net change of +3 holders.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q3 2020 was Ursa Fund Management, an estimated $1.18M added.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q3 2020 was Sit Investment Associates, an estimated $3.11M sold.
Based on aggregated 13F filings for Q3 2020.