RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
37 hedge funds and large institutions have $32.8M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2021 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 17 increasing their positions, 11 reducing their positions, and 4 closing their positions.
128% more capital inflows, than outflows
Capital inflows: $4.99M | Capital outflows: $2.19M
55% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 11
0% more funds holding
Funds holding: 37 → 37 (0)
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
0.58% less ownership
Funds ownership: 14.96% → 14.39% (-0.58%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Advisors
Denver,
Colorado
|
+$824K |
| 2 |
Sit Investment Associates
Minneapolis,
Minnesota
|
+$774K |
| 3 |
Centaurus Financial
Anaheim,
California
|
+$563K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$461K |
| 5 |
Navis Wealth Advisors
Rye Brook,
New York
|
+$423K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$695K |
| 2 |
First Foundation Advisors
Irvine,
California
|
-$641K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$529K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$113K |
| 5 |
Advisory Services Network
Atlanta,
Georgia
|
-$43K |
OPP Hedge Fund Activity: Q3 2021 in Review
37 of the 5,730 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q3 2021, worth a combined $32.8M — up 1.6% from $32.3M a quarter earlier.
Fund positioning in OPP was balanced in Q3 2021: 4 funds opened new positions, 4 closed out, 17 added to existing stakes and 11 trimmed.
The largest buyer was Cetera Advisors, adding an estimated $824K. The largest seller was Baird Financial Group, cutting an estimated $695K.
- 37 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q3 2021, unchanged from Q2 2021.
- Funds reported $32.8M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q3 2021, up 1.6% quarter-over-quarter.
- 4 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q3 2021 and 4 closed out, a net change of 0 holders.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q3 2021 was Cetera Advisors, an estimated $824K added.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q3 2021 was Baird Financial Group, an estimated $695K sold.
Based on aggregated 13F filings for Q3 2021.