RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
55 hedge funds and large institutions have $54.5M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2023 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 15 increasing their positions, 8 reducing their positions, and 13 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 8
38% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 13
38% more capital inflows, than outflows
Capital inflows: $20.7M | Capital outflows: $15M
6% more funds holding
Funds holding: 52 → 55 (+3)
3.28% more ownership
Funds ownership: 25.6% → 28.88% (+3.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5.09M |
| 2 |
Shaker Financial Services
Arlington,
Virginia
|
+$2.67M |
| 3 |
Saba Capital Management
New York
|
+$1.85M |
| 4 |
Mangrove Partners
Greenwich,
Connecticut
|
+$1.7M |
| 5 |
Matisse Capital
Portland,
Oregon
|
+$1.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sit Investment Associates
Minneapolis,
Minnesota
|
-$11.7M |
| 2 |
NewEdge Advisors
New Orleans,
Louisiana
|
-$734K |
| 3 |
Ford Financial Group
Fresno,
California
|
-$488K |
| 4 |
Millennium Management
New York
|
-$449K |
| 5 |
First Foundation Advisors
Irvine,
California
|
-$272K |
OPP Hedge Fund Activity: Q1 2023 in Review
55 of the 6,289 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q1 2023, worth a combined $54.5M — up 26% from $43.4M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new OPP positions and 13 closed out — a net gain of 5 holders — while 15 added to existing stakes and 8 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $5.09M. The largest seller was Sit Investment Associates, cutting an estimated $11.7M.
- 55 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q1 2023, up from 52 in Q4 2022.
- Funds reported $54.5M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q1 2023, up 26% quarter-over-quarter.
- 18 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q1 2023 and 13 closed out, a net change of +5 holders.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q1 2023 was Morgan Stanley, an estimated $5.09M added.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q1 2023 was Sit Investment Associates, an estimated $11.7M sold.
Based on aggregated 13F filings for Q1 2023.