RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
45 hedge funds and large institutions have $31.3M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2022 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 16 increasing their positions, 12 reducing their positions, and 2 closing their positions.
450% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 2
33% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 12
22% more funds holding
Funds holding: 37 → 45 (+8)
1.79% less ownership
Funds ownership: 17.49% → 15.69% (-1.8%)
24% less capital invested
Capital invested by funds: $41.4M → $31.3M (-$10M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.45M |
| 2 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$2.26M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$859K |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$389K |
| 5 |
NCM
Next Capital Management
New York
|
+$366K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$6.21M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$493K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$214K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$185K |
| 5 |
MF
Manchester Financial
Westlake Village,
California
|
-$173K |
OPP Hedge Fund Activity: Q2 2022 in Review
45 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q2 2022, worth a combined $31.3M — down 24% from $41.4M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new OPP positions and 2 closed out — a net gain of 9 holders — while 16 added to existing stakes and 12 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $3.45M. The largest seller was Sit Investment Associates, cutting an estimated $6.21M.
- 45 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q2 2022, up from 37 in Q1 2022.
- Funds reported $31.3M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q2 2022, down 24% quarter-over-quarter.
- 11 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q2 2022 and 2 closed out, a net change of +9 holders.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q2 2022 was Morgan Stanley, an estimated $3.45M added.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q2 2022 was Sit Investment Associates, an estimated $6.21M sold.
Based on aggregated 13F filings for Q2 2022.