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OPP

RiverNorth/DoubleLine Strategic Opportunity Fund
OPP

57 hedge funds and large institutions have $51.8M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2024 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 21 increasing their positions, 15 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 6

40% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 15

8% more funds holding

Funds holding: 53 → 57 (+4)

7.25% less ownership

Funds ownership: 33.76% → 26.51% (-7.2%)

19% less capital invested

Capital invested by funds: $64.1M → $51.8M (-$12.2M)

Holders
57
Holders Change
+4
Holders Change %
+7.55%
% of All Funds
0.82%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
21
Reduced
15
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFS
Shaker Financial Services
Virginia
+$544K
2
PI
PFG Investments
New York
+$469K
3
RP
Riverbridge Partners
Minnesota
+$300K
4
MP
Mangrove Partners
Connecticut
+$261K
5
OP
ORG Partners
Indiana
+$256K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$9.44M
2
SIA
Sit Investment Associates
Minnesota
-$4.8M
3
SWP
Significant Wealth Partners
Illinois
-$1.59M
4
HH
Hilltop Holdings
Texas
-$280K
5
SCM
Saba Capital Management
New York
-$207K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$13.9M -$9.44M -1,140,332 -41%
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$9.08M +$246K +29,691 +3%
SFS
3
Shaker Financial Services
Virginia
$2.37M +$544K +65,770 +31%
UBS Group
4
UBS Group
Switzerland
$2.35M +$32.5K +3,929 +1%
MP
5
Mangrove Partners
Connecticut
$1.84M +$261K +31,555 +17%
MC
6
Matisse Capital
Oregon
$1.68M – – –
LPL Financial
7
LPL Financial
California
$1.48M -$174K -21,033 -11%
1CP
8
1607 Capital Partners
Virginia
$1.27M – – –
SIA
9
Sit Investment Associates
Minnesota
$1.25M -$4.8M -579,467 -80%
Envestnet Asset Management
10
Envestnet Asset Management
Illinois
$1.11M -$10.4K -1,257 -1%
Baird Financial Group
11
Baird Financial Group
Wisconsin
$1.09M -$85.7K -10,358 -7%
PAS
12
Park Avenue Securities
New York
$1.07M +$3.79K +458 +0.4%
Osaic Holdings
13
Osaic Holdings
Arizona
$1.01M +$14.9K +1,799 +2%
Wells Fargo
14
Wells Fargo
California
$1.01M +$27.7K +3,350 +3%
LCM
15
Landscape Capital Management
New Jersey
$986K +$143K +17,251 +18%
RJA
16
Raymond James & Associates
Florida
$850K -$96.7K -11,680 -10%
BFM
17
Boothbay Fund Management
New York
$686K +$178K +21,519 +36%
FFA
18
First Foundation Advisors
California
$645K – – –
EAM
19
Eschler Asset Management
United Kingdom
$552K -$25.1K -3,036 -4%
NCM
20
Next Capital Management
New York
$551K – – –
NA
21
NewEdge Advisors
Louisiana
$513K -$149K -18,014 -23%
PI
22
PFG Investments
New York
$483K +$469K +56,692 New
WS
23
Wedbush Securities
California
$454K +$69.5K +8,399 +19%
SWM
24
SeaCrest Wealth Management
New York
$412K +$9.11K +1,101 +2%
Commonwealth Equity Services
25
Commonwealth Equity Services
Massachusetts
$411K -$54.6K -6,592 -12%
1
2 3

OPP Hedge Fund Activity: Q1 2024 in Review

57 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q1 2024, worth a combined $51.8M — down 19% from $64.1M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new OPP positions and 6 closed out — a net gain of 4 holders — while 21 added to existing stakes and 15 trimmed.

The largest buyer was Shaker Financial Services, adding an estimated $544K. The largest seller was Morgan Stanley, cutting an estimated $9.44M.

  • 57 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q1 2024, up from 53 in Q4 2023.
  • Funds reported $51.8M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q1 2024, down 19% quarter-over-quarter.
  • 10 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q1 2024 and 6 closed out, a net change of +4 holders.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q1 2024 was Shaker Financial Services, an estimated $544K added.
  • The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q1 2024 was Morgan Stanley, an estimated $9.44M sold.

Based on aggregated 13F filings for Q1 2024.