Wells Fargo discloses 5.3% RiverNorth/DoubleLine OPP stake (OPP)
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G
Rhea-AI Filing Summary
Wells Fargo & Company filed a Schedule 13G reporting beneficial ownership of 1,325,507 shares of RiverNorth/DoubleLine Strategic Opp Fund common stock, representing 5.3% of the class as of 12/31/2025.
Wells Fargo reports sole voting power over 2 shares and sole dispositive power over 1,325,507 shares, with no shared voting or dispositive power. The position is certified as acquired and held in the ordinary course of business, without the purpose or effect of changing or influencing control of the fund.
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FAQ
What did Wells Fargo disclose about its ownership in OPP?
Wells Fargo & Company disclosed beneficial ownership of 1,325,507 shares of RiverNorth/DoubleLine Strategic Opp Fund, representing 5.3% of the common stock. This stake is reported on a Schedule 13G as of December 31, 2025, indicating a passive, non-control investment position.
What percentage of RiverNorth/DoubleLine Strategic Opp Fund does Wells Fargo own?
Wells Fargo reports owning 5.3% of RiverNorth/DoubleLine Strategic Opp Fund’s common stock. The filing shows beneficial ownership of 1,325,507 shares as of December 31, 2025, triggering the Schedule 13G reporting threshold for holdings above five percent of the outstanding class.
Is Wells Fargo’s stake in OPP intended to influence control of the fund?
Wells Fargo certifies the OPP shares were acquired and are held in the ordinary course of business, not to influence control. The Schedule 13G states the holdings are not connected with any transaction aimed at changing or influencing control of the issuer.
Which entities are associated with Wells Fargo’s reported OPP holdings?
The filing is made by Wells Fargo & Company on its own behalf and on behalf of subsidiaries Wells Fargo Advisors Financial Network, LLC and Wells Fargo Clearing Services, LLC. Both subsidiaries are identified as broker-dealers registered under section 15 of the Securities Exchange Act.
Why was a Schedule 13G filed instead of a Schedule 13D for OPP?
A Schedule 13G is used because Wells Fargo characterizes the OPP position as a passive investment held in the ordinary course of business. The certification explicitly states the holdings are not for the purpose or effect of changing or influencing control of the issuer.