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, 22 increasing their positions, 14 reducing their positions, and 6 closing their positions.
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
57% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 14
8% more funds holding
Funds holding: 53 → 57 (+4)
1.19% less ownership
Funds ownership: 27.38% → 26.2% (-1.2%)
30% less capital inflows, than outflows
Capital inflows: $5.42M | Capital outflows: $7.69M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.06M |
| 2 |
Shaker Financial Services
Arlington,
Virginia
|
+$544K |
| 3 |
PFG Investments
Woodbury,
New York
|
+$469K |
| 4 |
Riverbridge Partners
Minneapolis,
Minnesota
|
+$300K |
| 5 |
Mangrove Partners
Greenwich,
Connecticut
|
+$261K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sit Investment Associates
Minneapolis,
Minnesota
|
-$4.8M |
| 2 |
Significant Wealth Partners
Cary,
Illinois
|
-$1.59M |
| 3 |
Hilltop Holdings
Dallas,
Texas
|
-$280K |
| 4 |
Saba Capital Management
New York
|
-$207K |
| 5 |
LPL Financial
San Diego,
California
|
-$174K |
OPP Hedge Fund Activity: Q1 2024 in Review
57 of the 6,966 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 1.5% from $52.6M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new OPP positions and 6 closed out — a net gain of 4 holders — while 22 added to existing stakes and 14 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $2.06M. The largest seller was Sit Investment Associates, cutting an estimated $4.8M.
- 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 1.5% 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 Morgan Stanley, an estimated $2.06M added.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q1 2024 was Sit Investment Associates, an estimated $4.8M sold.
Based on aggregated 13F filings for Q1 2024.