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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 2023 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 20 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

2% less funds holding

Funds holding: 53 → 52 (-1)

6.19% less ownership

Funds ownership: 30.34% → 24.15% (-6.2%)

13% less capital invested

Capital invested by funds: $49.9M → $43.4M (-$6.58M)

17% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 6

25% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 20

Holders
52
Holders Change
-1
Holders Change %
-1.89%
% of All Funds
0.83%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
15
Reduced
20
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
EAM
Eschler Asset Management
United Kingdom
+$456K
2
Baird Financial Group
Baird Financial Group
Wisconsin
+$338K
3
NCM
Next Capital Management
New York
+$263K
4
QL
Quarry LP
New York
+$197K
5
CCP
Clough Capital Partners
Massachusetts
+$197K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$1.49M
2
MP
Mangrove Partners
Connecticut
-$524K
3
SFS
Shaker Financial Services
Virginia
-$483K
4
Morgan Stanley
Morgan Stanley
New York
-$458K
5
AAS
Avantax Advisory Services
Texas
-$356K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$9.24M -$458K -55,136 -4%
SIA
2
Sit Investment Associates
Minnesota
$5.45M -$168K -20,262 -3%
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$3.45M -$390 -47 -0%
CCP
4
Clough Capital Partners
Massachusetts
$2.17M +$197K +23,680 +9%
UBS Group
5
UBS Group
Switzerland
$2.05M -$130K -15,624 -6%
SFS
6
Shaker Financial Services
Virginia
$1.78M -$483K -58,147 -20%
LPL Financial
7
LPL Financial
California
$1.57M +$19.6K +2,365 +1%
MC
8
Matisse Capital
Oregon
$1.27M – – –
QL
9
Quarry LP
New York
$1.19M +$197K +23,681 +18%
1CP
10
1607 Capital Partners
Virginia
$1.1M – – –
Baird Financial Group
11
Baird Financial Group
Wisconsin
$1.06M +$338K +40,720 +43%
Osaic Holdings
12
Osaic Holdings
Arizona
$1.05M +$100K +12,075 +10%
MP
13
Mangrove Partners
Connecticut
$1.04M -$524K -63,154 -32%
Envestnet Asset Management
14
Envestnet Asset Management
Illinois
$991K -$15.3K -1,840 -1%
PAS
15
Park Avenue Securities
New York
$966K +$2.21K +266 +0.2%
Wells Fargo
16
Wells Fargo
California
$902K -$231K -27,775 -19%
CF
17
Centaurus Financial
California
$706K -$305K -36,712 -29%
FFA
18
First Foundation Advisors
California
$575K – – –
NA
19
NewEdge Advisors
Louisiana
$573K -$99.1K -11,941 -14%
NCM
20
Next Capital Management
New York
$505K +$263K +31,716 +96%
EAM
21
Eschler Asset Management
United Kingdom
$429K +$456K +54,944 New
Commonwealth Equity Services
22
Commonwealth Equity Services
Massachusetts
$428K -$18.5K -2,229 -4%
SWM
23
SeaCrest Wealth Management
New York
$382K +$15.9K +1,913 +4%
CA
24
Cetera Advisors
Colorado
$363K -$31.7K -3,819 -8%
PIA
25
Perennial Investment Advisors
California
$351K -$54.4K -6,554 -13%
1
2 3

OPP Hedge Fund Activity: Q3 2023 in Review

52 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q3 2023, worth a combined $43.4M — down 13% from $49.9M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of OPP and 5 opened new positions — a net loss of 1 holder — while 20 trimmed existing stakes and 15 added.

The largest buyer was Eschler Asset Management, opening a new position worth an estimated $456K. The largest seller was Saba Capital Management, cutting an estimated $1.49M.

  • 52 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q3 2023, down from 53 in Q2 2023.
  • Funds reported $43.4M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q3 2023, down 13% quarter-over-quarter.
  • 5 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q3 2023 and 6 closed out, a net change of -1 holder.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q3 2023 was Eschler Asset Management, an estimated $456K added.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q3 2023 was Saba Capital Management, an estimated $1.49M sold.

Based on aggregated 13F filings for Q3 2023.