RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
37 hedge funds and large institutions have $41.4M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2022 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 14 reducing their positions, and 9 closing their positions.
7% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 14
1.44% less ownership
Funds ownership: 18.93% → 17.49% (-1.4%)
12% less funds holding
Funds holding: 42 → 37 (-5)
19% less capital invested
Capital invested by funds: $51.1M → $41.4M (-$9.7M)
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$820K |
| 2 |
CF
Centaurus Financial
Anaheim,
California
|
+$796K |
| 3 |
LPL Financial
San Diego,
California
|
+$589K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$302K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$231K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$4.26M |
| 2 |
Truist Financial
Charlotte,
North Carolina
|
-$454K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$348K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$305K |
| 5 |
WWMSC
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
|
-$240K |
OPP Hedge Fund Activity: Q1 2022 in Review
37 of the 6,360 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q1 2022, worth a combined $41.4M — down 19% from $51.1M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of OPP and 5 opened new positions — a net loss of 4 holders — while 14 trimmed existing stakes and 15 added.
The largest buyer was Shaker Financial Services, opening a new position worth an estimated $820K. The largest seller was Sit Investment Associates, cutting an estimated $4.26M.
- 37 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q1 2022, down from 42 in Q4 2021.
- Funds reported $41.4M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q1 2022, down 19% quarter-over-quarter.
- 5 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q1 2022 and 9 closed out, a net change of -4 holders.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q1 2022 was Shaker Financial Services, an estimated $820K added.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q1 2022 was Sit Investment Associates, an estimated $4.26M sold.
Based on aggregated 13F filings for Q1 2022.