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DBL

DoubleLine Opportunistic Credit Fund
DBL

68 hedge funds and large institutions have $80.2M invested in DoubleLine Opportunistic Credit Fund in 2019 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 22 increasing their positions, 20 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

10% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 20

2% less capital invested

Capital invested by funds: $82.2M → $80.2M (-$2.02M)

1.58% less ownership

Funds ownership: 27.27% → 25.69% (-1.6%)

3% less funds holding

Funds holding: 70 → 68 (-2)

13% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 8

Holders
68
Holders Change
-2
Holders Change %
-2.86%
% of All Funds
1.48%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
22
Reduced
20
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.15M
2
UBS Group
UBS Group
Switzerland
+$634K
3
FM
Family Management
New York
+$517K
4
SIA
Sit Investment Associates
Minnesota
+$481K
5
PAG
Private Advisor Group
New Jersey
+$248K

Top Sellers

Rank Fund Capital Flow
1
SFS
Shaker Financial Services
Virginia
-$2.71M
2
Stifel Financial
Stifel Financial
Missouri
-$1.77M
3
RCM
Robinson Capital Management
Michigan
-$1.77M
4
Bank of America
Bank of America
North Carolina
-$1.11M
5
WAM
Wolverine Asset Management
Illinois
-$561K
Name Holding Trade Value Shares
Change 		Change in
Stake
UR
26
USCA RIA
Texas
$468K +$156K +7,670 +52%
LPL Financial
27
LPL Financial
California
$426K -$43.5K -2,132 -9%
FIA
28
FNY Investment Advisers
New York
$401K +$57.1K +2,801 +17%
SPC
29
Sigma Planning Corp
Michigan
$374K +$1.34K +66 +0.4%
JIC
30
Joel Isaacson & Co
New York
$349K – – –
ASN
31
Advisory Services Network
Georgia
$347K -$10.2K -500 -3%
AA
32
Apriem Advisors
California
$342K – – –
MA
33
Mutual Advisors
Nebraska
$326K -$4.61K -226 -1%
LNC
34
Lincoln National Corp
Pennsylvania
$310K +$91.2K +4,475 +43%
Envestnet Asset Management
35
Envestnet Asset Management
Illinois
$309K +$29.1K +1,430 +11%
Royal Bank of Canada
36
Royal Bank of Canada
Ontario, Canada
$297K -$122K -5,978 -30%
LWAC
37
Laurel Wealth Advisors (California)
California
$284K +$2K +98 +0.7%
RJFSA
38
Raymond James Financial Services Advisors
Florida
$257K – – –
PAG
39
Private Advisor Group
New Jersey
$254K +$248K +12,154 New
Commonwealth Equity Services
40
Commonwealth Equity Services
Massachusetts
$223K +$218K +10,698 New
Ameriprise
41
Ameriprise
Minnesota
$215K +$285 +14 +0.1%
WS
42
Wedbush Securities
California
$215K +$571 +28 +0.3%
Janney Montgomery Scott
43
Janney Montgomery Scott
Pennsylvania
$211K +$205K +10,068 New
AG
44
Advisor Group
Arizona
$205K -$164K -8,037 -45%
FWM
45
Focused Wealth Management
New York
$176K -$27.5K -1,350 -14%
EWM
46
Edge Wealth Management
New York
$149K – – –
Citigroup
47
Citigroup
New York
$95K – – –
RCM
48
Robinson Capital Management
Michigan
$83K -$1.77M -86,624 -96%
JFA
49
JNBA Financial Advisors
Minnesota
$57K – – –
APA
50
American Portfolios Advisors
New York
$56.4K -$2.47K -121 -4%
1
2
3

DBL Hedge Fund Activity: Q2 2019 in Review

68 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in DoubleLine Opportunistic Credit Fund (DBL) for Q2 2019, worth a combined $80.2M — down 2.5% from $82.2M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of DBL and 7 opened new positions — a net loss of 1 holder — while 20 trimmed existing stakes and 22 added.

The largest buyer was Morgan Stanley, adding an estimated $1.15M. The largest seller was Shaker Financial Services, exiting entirely with an estimated $2.71M sold.

  • 68 institutional investors held DoubleLine Opportunistic Credit Fund (DBL) as of Q2 2019, down from 70 in Q1 2019.
  • Funds reported $80.2M of DoubleLine Opportunistic Credit Fund stock for Q2 2019, down 2.5% quarter-over-quarter.
  • 7 funds opened new DoubleLine Opportunistic Credit Fund positions in Q2 2019 and 8 closed out, a net change of -1 holder.
  • The largest DoubleLine Opportunistic Credit Fund buyer in Q2 2019 was Morgan Stanley, an estimated $1.15M added.
  • The largest DoubleLine Opportunistic Credit Fund seller in Q2 2019 was Shaker Financial Services, an estimated $2.71M sold.

Based on aggregated 13F filings for Q2 2019.