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OPP

RiverNorth/DoubleLine Strategic Opportunity Fund
OPP

53 hedge funds and large institutions have $64.1M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2023 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 26 increasing their positions, 10 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

160% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 10

48% more capital invested

Capital invested by funds: $43.4M → $64.1M (+$20.7M)

11% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 9

9.61% more ownership

Funds ownership: 24.15% → 33.76% (+9.6%)

2% more funds holding

Funds holding: 52 → 53 (+1)

Holders
53
Holders Change
+1
Holders Change %
+1.92%
% of All Funds
0.77%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
26
Reduced
10
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$12.5M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$4.64M
3
LCM
Landscape Capital Management
New Jersey
+$635K
4
RJA
Raymond James & Associates
Florida
+$542K
5
BFM
Boothbay Fund Management
New York
+$460K

Top Sellers

Rank Fund Capital Flow
1
CCP
Clough Capital Partners
Massachusetts
-$2.17M
2
QL
Quarry LP
New York
-$1.19M
3
CF
Centaurus Financial
California
-$415K
4
CA
Cetera Advisors
Colorado
-$363K
5
CL
CSS LLC
Illinois
-$140K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$22.9M +$12.5M +1,595,614 +135%
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$8.56M +$4.64M +594,555 +135%
SIA
3
Sit Investment Associates
Minnesota
$6M +$233K +29,870 +4%
UBS Group
4
UBS Group
Switzerland
$2.25M +$83.6K +10,717 +4%
SFS
5
Shaker Financial Services
Virginia
$1.76M -$121K -15,529 -7%
MC
6
Matisse Capital
Oregon
$1.63M +$276K +35,420 +22%
LPL Financial
7
LPL Financial
California
$1.61M -$51.7K -6,623 -3%
SWP
8
Significant Wealth Partners
Illinois
$1.59M +$1.51M +193,007 New
MP
9
Mangrove Partners
Connecticut
$1.52M +$396K +50,784 +38%
1CP
10
1607 Capital Partners
Virginia
$1.24M +$71.1K +9,108 +6%
Baird Financial Group
11
Baird Financial Group
Wisconsin
$1.15M +$29.7K +3,800 +3%
Envestnet Asset Management
12
Envestnet Asset Management
Illinois
$1.08M +$32.6K +4,176 +3%
PAS
13
Park Avenue Securities
New York
$1.03M +$11.6K +1,492 +1%
Osaic Holdings
14
Osaic Holdings
Arizona
$963K -$134K -17,130 -13%
Wells Fargo
15
Wells Fargo
California
$949K -$4.41K -565 -0.5%
RJA
16
Raymond James & Associates
Florida
$921K +$542K +69,388 +165%
LCM
17
Landscape Capital Management
New Jersey
$813K +$635K +81,307 +474%
NA
18
NewEdge Advisors
Louisiana
$644K +$38.7K +4,959 +7%
FFA
19
First Foundation Advisors
California
$625K +$16.6K +2,125 +3%
EAM
20
Eschler Asset Management
United Kingdom
$576K +$105K +13,423 +24%
NCM
21
Next Capital Management
New York
$534K – – –
BFM
22
Boothbay Fund Management
New York
$487K +$460K +58,992 New
Commonwealth Equity Services
23
Commonwealth Equity Services
Massachusetts
$453K +$429 +55 +0.1%
SWM
24
SeaCrest Wealth Management
New York
$404K -$12.4K -1,593 -3%
WS
25
Wedbush Securities
California
$371K +$190K +24,288 +118%
1
2 3

OPP Hedge Fund Activity: Q4 2023 in Review

53 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q4 2023, worth a combined $64.1M — up 48% from $43.4M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new OPP positions and 9 closed out — a net gain of 1 holder — while 26 added to existing stakes and 10 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $12.5M. The largest seller was Clough Capital Partners, exiting entirely with an estimated $2.17M sold.

  • 53 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q4 2023, up from 52 in Q3 2023.
  • Funds reported $64.1M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q4 2023, up 48% quarter-over-quarter.
  • 10 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q4 2023 and 9 closed out, a net change of +1 holder.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q4 2023 was Morgan Stanley, an estimated $12.5M added.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q4 2023 was Clough Capital Partners, an estimated $2.17M sold.

Based on aggregated 13F filings for Q4 2023.