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OPP

RiverNorth/DoubleLine Strategic Opportunity Fund
OPP

49 hedge funds and large institutions have $50.6M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2022 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 13 increasing their positions, 17 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 5

61% more capital invested

Capital invested by funds: $31.3M → $50.6M (+$19.3M)

12.91% more ownership

Funds ownership: 15.69% → 28.61% (+13%)

9% more funds holding

Funds holding: 45 → 49 (+4)

24% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 17

Holders
49
Holders Change
+4
Holders Change %
+8.89%
% of All Funds
0.84%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
13
Reduced
17
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$28M
2
CCP
Clough Capital Partners
Massachusetts
+$1.69M
3
LPL Financial
LPL Financial
California
+$694K
4
CL
CSS LLC
Illinois
+$643K
5
AAS
Avantax Advisory Services
Texas
+$447K

Top Sellers

Rank Fund Capital Flow
1
FTCM
First Trust Capital Management
Illinois
-$1.83M
2
Baird Financial Group
Baird Financial Group
Wisconsin
-$852K
3
Morgan Stanley
Morgan Stanley
New York
-$537K
4
LCM
Landscape Capital Management
New Jersey
-$529K
5
Invesco
Invesco
Georgia
-$504K
Name Holding Trade Value Shares
Change 		Change in
Stake
SIA
1
Sit Investment Associates
Minnesota
$27.6M +$28M +2,639,348 +671%
Morgan Stanley
2
Morgan Stanley
New York
$3.13M -$537K -50,675 -13%
UBS Group
3
UBS Group
Switzerland
$2.62M -$33.4K -3,154 -1%
CF
4
Centaurus Financial
California
$1.98M -$258K -24,349 -10%
Invesco
5
Invesco
Georgia
$1.78M -$504K -47,587 -20%
LPL Financial
6
LPL Financial
California
$1.61M +$694K +65,521 +59%
CCP
7
Clough Capital Partners
Massachusetts
$1.45M +$1.69M +159,388 New
FFA
8
First Foundation Advisors
California
$970K -$245K -23,096 -18%
Osaic Holdings
9
Osaic Holdings
Arizona
$837K +$153K +14,413 +19%
NA
10
NewEdge Advisors
Louisiana
$775K +$7.5K +708 +0.8%
CA
11
Cetera Advisors
Colorado
$576K -$1.57K -148 -0.2%
Wells Fargo
12
Wells Fargo
California
$576K +$386K +36,467 +135%
CL
13
CSS LLC
Illinois
$552K +$643K +60,720 New
FFG
14
Ford Financial Group
California
$548K +$2.72K +257 +0.4%
Commonwealth Equity Services
15
Commonwealth Equity Services
Massachusetts
$472K +$487 +46 +0.1%
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$457K +$124K +11,660 +30%
SWM
17
SeaCrest Wealth Management
New York
$406K +$24.2K +2,287 +5%
AAS
18
Avantax Advisory Services
Texas
$383K +$447K +42,139 New
HH
19
Hilltop Holdings
Texas
$322K -$21.4K -2,024 -5%
YCM
20
Yakira Capital Management
Connecticut
$316K +$369K +34,804 New
NCM
21
Next Capital Management
New York
$300K – – –
BRWA
22
B. Riley Wealth Advisors
Florida
$275K +$320K +30,238 New
GC
23
Guggenheim Capital
Illinois
$274K -$4.23K -399 -1%
CIBC Private Wealth Group
24
CIBC Private Wealth Group
Georgia
$270K – – –
FIA
25
Foundations Investment Advisors
Arizona
$269K – – –
1
2 3

OPP Hedge Fund Activity: Q3 2022 in Review

49 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q3 2022, worth a combined $50.6M — up 61% from $31.3M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new OPP positions and 5 closed out — a net gain of 5 holders — while 13 added to existing stakes and 17 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $28M. The largest seller was First Trust Capital Management, exiting entirely with an estimated $1.83M sold.

  • 49 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q3 2022, up from 45 in Q2 2022.
  • Funds reported $50.6M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q3 2022, up 61% quarter-over-quarter.
  • 10 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q3 2022 and 5 closed out, a net change of +5 holders.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q3 2022 was Sit Investment Associates, an estimated $28M added.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q3 2022 was First Trust Capital Management, an estimated $1.83M sold.

Based on aggregated 13F filings for Q3 2022.