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OPP

RiverNorth/DoubleLine Strategic Opportunity Fund
OPP

53 hedge funds and large institutions have $49.9M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2023 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 14 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 14

1.12% more ownership

Funds ownership: 29.23% → 30.34% (+1.1%)

4% less funds holding

Funds holding: 55 → 53 (-2)

8% less capital invested

Capital invested by funds: $54M → $49.9M (-$4.11M)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

Holders
53
Holders Change
-2
Holders Change %
-3.64%
% of All Funds
0.83%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
20
Reduced
14
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$3.02M
2
CCP
Clough Capital Partners
Massachusetts
+$1.9M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.09M
4
QL
Quarry LP
New York
+$863K
5
NA
NewEdge Advisors
Louisiana
+$701K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$4.15M
2
UBS Group
UBS Group
Switzerland
-$461K
3
CF
Centaurus Financial
California
-$419K
4
Walleye Capital
Walleye Capital
New York
-$363K
5
LCM
Landscape Capital Management
New Jersey
-$319K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$10.4M +$3.02M +367,439 +42%
SIA
2
Sit Investment Associates
Minnesota
$6.05M -$4.15M -503,764 -41%
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$3.73M +$1.09M +132,178 +43%
SFS
4
Shaker Financial Services
Virginia
$2.41M -$190K -23,047 -7%
UBS Group
5
UBS Group
Switzerland
$2.34M -$461K -56,014 -17%
CCP
6
Clough Capital Partners
Massachusetts
$2.14M +$1.9M +230,483 +974%
LPL Financial
7
LPL Financial
California
$1.68M +$57.9K +7,033 +4%
SCM
8
Saba Capital Management
New York
$1.68M -$130K -15,839 -7%
MP
9
Mangrove Partners
Connecticut
$1.66M – – –
MC
10
Matisse Capital
Oregon
$1.37M – – –
Wells Fargo
11
Wells Fargo
California
$1.21M +$36.6K +4,440 +3%
1CP
12
1607 Capital Partners
Virginia
$1.19M – – –
Envestnet Asset Management
13
Envestnet Asset Management
Illinois
$1.09M +$27.8K +3,375 +3%
QL
14
Quarry LP
New York
$1.08M +$863K +104,893 +443%
CF
15
Centaurus Financial
California
$1.07M -$419K -50,915 -29%
PAS
16
Park Avenue Securities
New York
$1.04M +$3.79K +461 +0.4%
Osaic Holdings
17
Osaic Holdings
Arizona
$1.03M +$158K +19,246 +19%
Baird Financial Group
18
Baird Financial Group
Wisconsin
$796K +$37.3K +4,525 +5%
NA
19
NewEdge Advisors
Louisiana
$719K +$701K +85,210 New
FFA
20
First Foundation Advisors
California
$621K -$12.3K -1,498 -2%
Commonwealth Equity Services
21
Commonwealth Equity Services
Massachusetts
$481K +$387 +47 +0.1%
PIA
22
Perennial Investment Advisors
California
$434K -$44.8K -5,445 -10%
CA
23
Cetera Advisors
Colorado
$424K -$33.7K -4,097 -8%
SWM
24
SeaCrest Wealth Management
New York
$396K +$9.56K +1,161 +3%
AAS
25
Avantax Advisory Services
Texas
$356K – – –
1
2 3

OPP Hedge Fund Activity: Q2 2023 in Review

53 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q2 2023, worth a combined $49.9M — down 7.6% from $54M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of OPP and 4 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 20 added.

The largest buyer was Morgan Stanley, adding an estimated $3.02M. The largest seller was Sit Investment Associates, cutting an estimated $4.15M.

  • 53 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q2 2023, down from 55 in Q1 2023.
  • Funds reported $49.9M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q2 2023, down 7.6% quarter-over-quarter.
  • 4 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q2 2023 and 6 closed out, a net change of -2 holders.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q2 2023 was Morgan Stanley, an estimated $3.02M added.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q2 2023 was Sit Investment Associates, an estimated $4.15M sold.

Based on aggregated 13F filings for Q2 2023.