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OPP

RiverNorth/DoubleLine Strategic Opportunity Fund
OPP

52 hedge funds and large institutions have $43.4M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2022 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 13 increasing their positions, 15 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 9

6% more funds holding

Funds holding: 49 → 52 (+3)

2.7% less ownership

Funds ownership: 28.61% → 25.91% (-2.7%)

13% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 15

14% less capital invested

Capital invested by funds: $50.6M → $43.4M (-$7.23M)

Holders
52
Holders Change
+3
Holders Change %
+6.12%
% of All Funds
0.84%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
13
Reduced
15
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.08M
2
1CP
1607 Capital Partners
Virginia
+$804K
3
Baird Financial Group
Baird Financial Group
Wisconsin
+$553K
4
Millennium Management
Millennium Management
New York
+$472K
5
LSC
Logan Stone Capital
Illinois
+$257K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$4.13M
2
Invesco
Invesco
Georgia
-$1.78M
3
CCP
Clough Capital Partners
Massachusetts
-$1.45M
4
Morgan Stanley
Morgan Stanley
New York
-$574K
5
GC
Guggenheim Capital
Illinois
-$274K
Name Holding Trade Value Shares
Change 		Change in
Stake
SIA
1
Sit Investment Associates
Minnesota
$22.1M -$4.13M -457,653 -15%
UBS Group
2
UBS Group
Switzerland
$2.48M +$9.52K +1,055 +0.4%
Morgan Stanley
3
Morgan Stanley
New York
$2.4M -$574K -63,582 -18%
CF
4
Centaurus Financial
California
$1.79M -$76.9K -8,517 -4%
Royal Bank of Canada
5
Royal Bank of Canada
Ontario, Canada
$1.45M +$1.08M +119,152 +237%
LPL Financial
6
LPL Financial
California
$1.4M -$123K -13,626 -8%
FFA
7
First Foundation Advisors
California
$915K – – –
Osaic Holdings
8
Osaic Holdings
Arizona
$803K +$13.8K +1,524 +2%
1CP
9
1607 Capital Partners
Virginia
$764K +$804K +89,107 New
NA
10
NewEdge Advisors
Louisiana
$729K -$1.82K -202 -0.2%
Baird Financial Group
11
Baird Financial Group
Wisconsin
$622K +$553K +61,245 +541%
Wells Fargo
12
Wells Fargo
California
$586K +$43.9K +4,865 +8%
Commonwealth Equity Services
13
Commonwealth Equity Services
Massachusetts
$506K +$63.5K +7,035 +14%
CA
14
Cetera Advisors
Colorado
$492K -$54.3K -6,017 -9%
FFG
15
Ford Financial Group
California
$488K -$31.2K -3,460 -6%
Millennium Management
16
Millennium Management
New York
$449K +$472K +52,334 New
SWM
17
SeaCrest Wealth Management
New York
$368K -$15.7K -1,737 -4%
AAS
18
Avantax Advisory Services
Texas
$361K – – –
CL
19
CSS LLC
Illinois
$325K -$206K -22,879 -38%
YCM
20
Yakira Capital Management
Connecticut
$303K +$4.63K +513 +1%
NCM
21
Next Capital Management
New York
$283K – – –
HH
22
Hilltop Holdings
Texas
$282K -$23.7K -2,632 -7%
BRWA
23
B. Riley Wealth Advisors
Florida
$278K +$20.1K +2,226 +7%
CIBC Private Wealth Group
24
CIBC Private Wealth Group
Georgia
$255K – – –
FIA
25
Foundations Investment Advisors
Arizona
$254K – – –
1
2 3

OPP Hedge Fund Activity: Q4 2022 in Review

52 of the 6,222 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q4 2022, worth a combined $43.4M — down 14% from $50.6M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new OPP positions and 9 closed out — a net gain of 3 holders — while 13 added to existing stakes and 15 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $1.08M. The largest seller was Sit Investment Associates, cutting an estimated $4.13M.

  • 52 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q4 2022, up from 49 in Q3 2022.
  • Funds reported $43.4M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q4 2022, down 14% quarter-over-quarter.
  • 12 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q4 2022 and 9 closed out, a net change of +3 holders.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q4 2022 was Royal Bank of Canada, an estimated $1.08M added.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q4 2022 was Sit Investment Associates, an estimated $4.13M sold.

Based on aggregated 13F filings for Q4 2022.