RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
37 hedge funds and large institutions have $32.3M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2021 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 17 increasing their positions, 9 reducing their positions, and 8 closing their positions.
89% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 9
4.34% less ownership
Funds ownership: 19.48% → 15.14% (-4.3%)
5% less funds holding
Funds holding: 39 → 37 (-2)
20% less capital invested
Capital invested by funds: $40.3M → $32.3M (-$7.96M)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$820K |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$481K |
| 3 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$340K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$235K |
| 5 |
CF
Centaurus Financial
Anaheim,
California
|
+$201K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$7.82M |
| 2 |
MSAM
Moloney Securities Asset Management
Manchester,
Missouri
|
-$1.22M |
| 3 |
FFA
First Foundation Advisors
Irvine,
California
|
-$1.16M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$677K |
| 5 |
CL
CSS LLC
Chicago,
Illinois
|
-$389K |
OPP Hedge Fund Activity: Q2 2021 in Review
37 of the 5,767 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q2 2021, worth a combined $32.3M — down 20% from $40.3M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of OPP and 6 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 17 added.
The largest buyer was Parametric Portfolio Associates, adding an estimated $820K. The largest seller was Punch & Associates Investment Management, exiting entirely with an estimated $7.82M sold.
- 37 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q2 2021, down from 39 in Q1 2021.
- Funds reported $32.3M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q2 2021, down 20% quarter-over-quarter.
- 6 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q2 2021 and 8 closed out, a net change of -2 holders.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q2 2021 was Parametric Portfolio Associates, an estimated $820K added.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q2 2021 was Punch & Associates Investment Management, an estimated $7.82M sold.
Based on aggregated 13F filings for Q2 2021.