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DBL

DoubleLine Opportunistic Credit Fund
DBL

62 hedge funds and large institutions have $84.4M invested in DoubleLine Opportunistic Credit Fund in 2017 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 22 increasing their positions, 19 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

16% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 19

2% less capital invested

Capital invested by funds: $85.9M → $84.4M (-$1.48M)

1.27% less ownership

Funds ownership: 25.15% → 23.88% (-1.3%)

10% less funds holding

Funds holding: 69 → 62 (-7)

50% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 12

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
62
Holders Change
-7
Holders Change %
-10.14%
% of All Funds
1.54%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
6
Increased
22
Reduced
19
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BTS
BB&T Securities
Virginia
+$1.18M
2
Morgan Stanley
Morgan Stanley
New York
+$856K
3
AC
Addison Capital
Pennsylvania
+$586K
4
GC
Guggenheim Capital
Illinois
+$307K
5
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$295K

Top Sellers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
-$3.21M
2
Bank of America
Bank of America
North Carolina
-$1.15M
3
Bank of New York Mellon
Bank of New York Mellon
New York
-$540K
4
Squarepoint
Squarepoint
New York
-$470K
5
DA
Doliver Advisors
Texas
-$428K
Name Holding Trade Value Shares
Change 		Change in
Stake
SPC
26
Sigma Planning Corp
Michigan
$668K +$282K +12,042 +75%
ACM
27
Alethea Capital Management
Washington
$662K – – –
Royal Bank of Canada
28
Royal Bank of Canada
Ontario, Canada
$645K +$18.4K +787 +3%
JIC
29
Joel Isaacson & Co
New York
$618K – – –
AC
30
Addison Capital
Pennsylvania
$596K +$586K +25,000 New
Envestnet Asset Management
31
Envestnet Asset Management
Illinois
$429K +$4.31K +184 +1%
EFS
32
Essex Financial Services
Connecticut
$423K -$199K -8,479 -29%
PAS
33
Partnervest Advisory Services
California
$409K -$66.4K -2,834 -14%
WT
34
Whittier Trust
California
$383K – – –
PAG
35
Private Advisor Group
New Jersey
$345K +$34.7K +1,481 +9%
HB
36
Homrich & Berg
Georgia
$331K +$890 +38 +0.3%
SC
37
Scotia Capital
Ontario, Canada
$319K +$25.8K +1,100 +9%
GC
38
Guggenheim Capital
Illinois
$313K +$307K +13,107 New
WS
39
Wedbush Securities
California
$289K +$1.29K +55 +0.5%
IHL
40
Investment House LLC
California
$270K – – –
Ameriprise
41
Ameriprise
Minnesota
$253K -$277K -11,840 -53%
BAS
42
Brown Advisory Securities
Maryland
$252K -$28.1K -1,200 -10%
LWAC
43
Laurel Wealth Advisors (California)
California
$243K +$2.51K +107 +1%
Stifel Financial
44
Stifel Financial
Missouri
$240K -$25.4K -1,083 -10%
FWM
45
Focused Wealth Management
New York
$234K – – –
Janney Montgomery Scott
46
Janney Montgomery Scott
Pennsylvania
$228K -$194K -8,300 -46%
AIP
47
Ahrens Investment Partners
Louisiana
$220K +$216K +9,200 New
RJFSA
48
Raymond James Financial Services Advisors
Florida
$209K -$58.4K -2,494 -22%
AI
49
ArchPoint Investors
Florida
$165K +$163K +6,950 New
Fifth Third Bancorp
50
Fifth Third Bancorp
Ohio
$95K – – –
1
2
3

DBL Hedge Fund Activity: Q1 2017 in Review

62 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in DoubleLine Opportunistic Credit Fund (DBL) for Q1 2017, worth a combined $84.4M — down 1.7% from $85.9M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of DBL and 6 opened new positions — a net loss of 6 holders — while 19 trimmed existing stakes and 22 added.

The largest buyer was BB&T Securities, opening a new position worth an estimated $1.18M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $3.21M sold.

  • 62 institutional investors held DoubleLine Opportunistic Credit Fund (DBL) as of Q1 2017, down from 69 in Q4 2016.
  • Funds reported $84.4M of DoubleLine Opportunistic Credit Fund stock for Q1 2017, down 1.7% quarter-over-quarter.
  • 6 funds opened new DoubleLine Opportunistic Credit Fund positions in Q1 2017 and 12 closed out, a net change of -6 holders.
  • The largest DoubleLine Opportunistic Credit Fund buyer in Q1 2017 was BB&T Securities, an estimated $1.18M added.
  • The largest DoubleLine Opportunistic Credit Fund seller in Q1 2017 was Laurion Capital Management, an estimated $3.21M sold.

Based on aggregated 13F filings for Q1 2017.