RIVERNORTH DOUBLELINE STRATE OPP
COM · Closed-End Fund · CUSIP 76882G107
54
institutional holders
-3 vs Q1 2023
5.9m
shares reported held*
$50.2mreported value*
3 new
20 added
14 reduced
7 sold out
net bought ≈ $1.0m (+200.5k shares)
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $8.54.
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 50 |
| Q4 2022 | 52 |
| Q1 2023 | 57 |
| Q2 2023 | 54 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 23 | 24 |
| Q1 2023 | 33 | 20 |
| Q2 2023 | 23 | 21 |
Biggest buyers
| MORGAN STANLEY | Added | +363.1k |
| CLOUGH CAPITAL PARTNERS L P | Added | +227.8k |
| ROYAL BANK OF CANADA | Added | +130.6k |
| Quarry LP | Added | +103.7k |
| NewEdge Advisors, LLC | New | +84.2k |
| Arete Wealth Advisors, LLC | New | +21.6k |
| OSAIC HOLDINGS, INC. | Added | +19.0k |
| Logan Stone Capital, LLC | New | +18.6k |
| Verity Asset Management, Inc. | Added | +14.2k |
| LPL Financial LLC | Added | +7.0k |
Biggest sellers
| SIT INVESTMENT ASSOCIATES INC | Reduced | -497.8k |
| NewEdge Advisors, LLC | Sold out | -83.3k |
| UBS Group AG | Reduced | -55.4k |
| CENTAURUS FINANCIAL, INC. | Reduced | -50.3k |
| Walleye Capital LLC | Sold out | -42.4k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | Reduced | -38.3k |
| HighTower Advisors, LLC | Sold out | -28.0k |
| Almitas Capital LLC | Sold out | -27.2k |
| Shaker Financial Services, LLC | Reduced | -22.8k |
| Foundations Investment Advisors, LLC | Reduced | -15.7k |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| MORGAN STANLEY 13G · institution filed 2025-02-04 | 8.7% |
| WELLS FARGO & COMPANY/MN 13G · institution +0.6 pts · filed 2026-07-28 | 6.6% |
Insider purchases and sales in Q2 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
BuyingSelling
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 1 | $55.2k | 0 | — | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.00% of their portfolio | 1.2m $10.4m | Added +363.1k |
| SIT INVESTMENT ASSOCIATES INC 0.16% of their portfolio | 708.4k $6.0m | Reduced -497.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 436.5k $3.7m | Added +130.6k |
| Shaker Financial Services, LLC 1.05% of their portfolio | 282.7k $2.4m | Reduced -22.8k |
| UBS Group AG 0.00% of their portfolio | 274.1k $2.3m | Reduced -55.4k |
| CLOUGH CAPITAL PARTNERS L P 0.22% of their portfolio | 251.1k $2.1m | Added +227.8k |
| LPL Financial LLC 0.00% of their portfolio | 196.7k $1.7m | Added +7.0k |
| Saba Capital Management, L.P. 0.06% of their portfolio | 196.3k $1.7m | Reduced -15.7k |
| MANGROVE PARTNERS IM, LLC 0.12% of their portfolio | 194.4k $1.7m | Unchanged |
| Matisse Capital 0.85% of their portfolio | 160.0k $1.4m | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 141.5k $1.2m | Added +4.4k |
| 1607 Capital Partners, LLC 0.08% of their portfolio | 138.8k $1.2m | Unchanged |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 127.1k $1.1m | Added +3.3k |
| Quarry LP 0.70% of their portfolio | 127.0k $1.1m | Added +103.7k |
| CENTAURUS FINANCIAL, INC. 0.09% of their portfolio | 125.5k $1.1m | Reduced -50.3k |
| PARK AVENUE SECURITIES LLC 0.02% of their portfolio | 121.9k $1.0m | Added +455 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 120.2k $1.0m | Added +19.0k |
| Baird Financial Group, Inc. 0.00% of their portfolio | 93.2k $796.3k | Added +4.5k |
| NewEdge Advisors, LLC 0.01% of their portfolio | 84.2k $719.1k | New |
| FIRST FOUNDATION ADVISORS 0.03% of their portfolio | 72.7k $620.9k | Reduced -1.5k |
| CIBC Private Wealth Group LLC 0.00% of their portfolio | 58.8k $501.8k | Unchanged |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 56.3k $481.0k | Added +46 |
| Perennial Investment Advisors, LLC 0.08% of their portfolio | 50.9k $434.3k | Reduced -5.4k |
| Cetera Advisors LLC 0.01% of their portfolio | 49.6k $423.6k | Reduced -4.0k |
| SeaCrest Wealth Management, LLC 0.05% of their portfolio | 46.4k $396.2k | Added +1.1k |
| AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio | 41.6k $355.6k | Unchanged |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.05% of their portfolio | 41.1k $351.3k | Reduced -38.3k |
| CSS LLC/IL 0.03% of their portfolio | 40.8k $348.1k | Added +1.9k |
| Verity Asset Management, Inc. 0.23% of their portfolio | 36.5k $311.5k | Added +14.2k |
| Yakira Capital Management, Inc. 0.08% of their portfolio | 34.9k $298.0k | Unchanged |
| Next Capital Management LLC 0.13% of their portfolio | 32.6k $278.0k | Unchanged |
| Hilltop Holdings Inc. 0.03% of their portfolio | 32.4k $277.1k | Unchanged |
| B. Riley Wealth Advisors, Inc. 0.01% of their portfolio | 29.6k $252.6k | Reduced -2.5k |
| Navis Wealth Advisors, LLC 0.21% of their portfolio | 26.3k $224.3k | Added +21 |
| Arete Wealth Advisors, LLC 0.02% of their portfolio | 21.6k $185.0k | New |
| WEDBUSH SECURITIES INC 0.01% of their portfolio | 20.4k $174.0k | Reduced -900 |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 20.1k $172.0k | Added +6.7k |
| INTEGRATED CAPITAL MANAGEMENT, INC. 0.15% of their portfolio | 19.7k $168.6k | Added +2.9k |
| Logan Stone Capital, LLC 0.05% of their portfolio | 18.6k $159.3k | New |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 17.0k $144.9k | Added +171 |
| PFG Investments, LLC 0.02% of their portfolio | 15.3k $131.0k | Added +2.3k |
| Fiduciary Group, LLC 0.02% of their portfolio | 15.1k $128.6k | Unchanged |
| Edge Wealth Management LLC 0.03% of their portfolio | 14.7k $125.1k | Unchanged |
| CoreCap Advisors, LLC 0.01% of their portfolio | 14.4k $123.0k | First filing |
| Foundations Investment Advisors, LLC 0.00% of their portfolio | 13.6k $115.9k | Reduced -15.7k |
| HOLLENCREST CAPITAL MANAGEMENT 0.01% of their portfolio | 10.9k $93.5k | Unchanged |
| Strategic Financial Concepts, LLC 0.03% of their portfolio | 10.3k $88.0k | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 8.2k $70.0k | Reduced -877 |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 2.4k $20.5k | Added +1.9k |
| Financial Management Professionals, Inc. 0.00% of their portfolio | 500 $4.0k | Unchanged |
| Geneos Wealth Management Inc. 0.00% of their portfolio | 345 $2.9k | Unchanged |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 74 $632 | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 67 $572 | Reduced -2.8k |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |