RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
53 hedge funds and large institutions have $52.6M 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.
160% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 10
21% more capital invested
Capital invested by funds: $43.4M → $52.6M (+$9.24M)
11% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 9
3.52% more ownership
Funds ownership: 23.86% → 27.38% (+3.5%)
2% more funds holding
Funds holding: 52 → 53 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$4.64M |
| 2 |
Morgan Stanley
New York
|
+$1.61M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$635K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$542K |
| 5 |
BFM
Boothbay Fund Management
New York
|
+$460K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$2.17M |
| 2 |
QL
Quarry LP
New York
|
-$1.19M |
| 3 |
CF
Centaurus Financial
Anaheim,
California
|
-$415K |
| 4 |
CA
Cetera Advisors
Denver,
Colorado
|
-$363K |
| 5 |
CL
CSS LLC
Chicago,
Illinois
|
-$140K |
OPP Hedge Fund Activity: Q4 2023 in Review
53 of the 6,870 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q4 2023, worth a combined $52.6M — up 21% 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 Royal Bank of Canada, adding an estimated $4.64M. 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 $52.6M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q4 2023, up 21% 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 Royal Bank of Canada, an estimated $4.64M 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.