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DBL

DoubleLine Opportunistic Credit Fund
DBL

37 hedge funds and large institutions have $60.6M invested in DoubleLine Opportunistic Credit Fund in 2013 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 13 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 5

6% more capital invested

Capital invested by funds: $57.2M → $60.6M (+$3.45M)

6% more funds holding

Funds holding: 35 → 37 (+2)

8% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 13

0.32% more ownership

Funds ownership: 15.57% → 15.89% (+0.32%)

Holders
37
Holders Change
+2
Holders Change %
+5.71%
% of All Funds
1.2%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
14
Reduced
13
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HK
Horizon Kinetics
New York
+$3.49M
2
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$1.54M
3
GC
Guggenheim Capital
Illinois
+$1.29M
4
Deutsche Bank
Deutsche Bank
Germany
+$971K
5
AA
Apriem Advisors
California
+$856K

Top Sellers

Rank Fund Capital Flow
1
U
UBS
Switzerland
-$6.53M
2
JIP
Jaffetilchin Investment Partners
Florida
-$1.13M
3
Morgan Stanley
Morgan Stanley
New York
-$883K
4
CWM
Cabot Wealth Management
Massachusetts
-$511K
5
NPC
National Planning Corporation
California
-$428K
Name Holding Trade Value Shares
Change 		Change in
Stake
Janney Montgomery Scott
26
Janney Montgomery Scott
Pennsylvania
$362K +$368K +15,800 New
JIC
27
Joel Isaacson & Co
New York
$333K +$5.24K +225 +2%
BNP Paribas Financial Markets
28
BNP Paribas Financial Markets
France
$208K -$392K -16,850 -65%
Bank of Montreal
29
Bank of Montreal
Ontario, Canada
$194K +$134K +5,770 +214%
FWM
30
Focused Wealth Management
New York
$107K +$109K +4,694 New
CAPTRUST Financial Advisors
31
CAPTRUST Financial Advisors
North Carolina
$94K -$142K -6,116 -60%
Citigroup
32
Citigroup
New York
$66K -$932 -40 -1%
Fifth Third Bancorp
33
Fifth Third Bancorp
Ohio
$46K – – –
US Bancorp
34
US Bancorp
Minnesota
$14K – – –
MIM
35
Macroview Investment Management
Maryland
$13K +$13.4K +575 New
TRCT
36
Tower Research Capital (TRC)
New York
$7K -$19.4K -831 -73%
LTFS
37
Ladenburg Thalmann Financial Services
Florida
$2K – – –
CWM
38
Cabot Wealth Management
Massachusetts
– -$511K -20,395 Closed
PCM
39
Prelude Capital Management
New York
– -$425K -16,954 Closed
SCM
40
Silver Capital Management
New York
– -$200K -8,000 Closed
PFO
41
Pathstone Family Office
New Jersey
– -$175K -7,000 Closed
AIG
42
American International Group
New York
– -$20.8K -830 Closed
1
2

DBL Hedge Fund Activity: Q3 2013 in Review

37 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in DoubleLine Opportunistic Credit Fund (DBL) for Q3 2013, worth a combined $60.6M — up 6% from $57.2M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new DBL positions and 5 closed out — a net gain of 2 holders — while 14 added to existing stakes and 13 trimmed.

The largest buyer was Horizon Kinetics, opening a new position worth an estimated $3.49M. The largest seller was UBS, cutting an estimated $6.53M.

  • 37 institutional investors held DoubleLine Opportunistic Credit Fund (DBL) as of Q3 2013, up from 35 in Q2 2013.
  • Funds reported $60.6M of DoubleLine Opportunistic Credit Fund stock for Q3 2013, up 6% quarter-over-quarter.
  • 7 funds opened new DoubleLine Opportunistic Credit Fund positions in Q3 2013 and 5 closed out, a net change of +2 holders.
  • The largest DoubleLine Opportunistic Credit Fund buyer in Q3 2013 was Horizon Kinetics, an estimated $3.49M added.
  • The largest DoubleLine Opportunistic Credit Fund seller in Q3 2013 was UBS, an estimated $6.53M sold.

Based on aggregated 13F filings for Q3 2013.