DoubleLine Opportunistic Credit Fund
DBL
52 hedge funds and large institutions have $72.6M invested in DoubleLine Opportunistic Credit Fund in 2014 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 24 increasing their positions, 16 reducing their positions, and 7 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 16
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
12% more capital invested
Capital invested by funds: $64.8M → $72.6M (+$7.77M)
2.72% more ownership
Funds ownership: 16.51% → 19.22% (+2.7%)
2% more funds holding
Funds holding: 51 → 52 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$4.54M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.5M |
| 3 |
VHAM
Van Hulzen Asset Management
El Dorado Hills,
California
|
+$2.03M |
| 4 |
SCM
Summit Capital Management
Seattle,
Washington
|
+$1.01M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$803K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$1.99M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$747K |
| 3 |
JG
Jefferies Group
New York
|
-$539K |
| 4 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
-$422K |
| 5 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$344K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WA
51
WFG Advisors
Dallas,
Texas
| $4K | – | – | – |
|
|
MSTVIM
52
Messner & Smith Theme Value Investment Management
San Diego,
California
| $1K | -$1.87K | -80 | -80% |
|
|
PPA
53
Parametric Portfolio Associates
Seattle,
Washington
| – | -$747K | -32,286 | Closed |
|
|
JG
54
Jefferies Group
New York
| – | -$539K | -23,300 | Closed |
|
55
Goldman Sachs
New York
| – | -$271K | -11,700 | Closed |
|
56
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$237K | -10,250 | Closed |
|
57
BNP Paribas Financial Markets
Paris,
France
| – | -$108K | -4,668 | Closed |
|
58
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$96K | -4,177 | Closed |
|
|
TRCT
59
Tower Research Capital (TRC)
New York
| – | -$2K | -82 | Closed |
|
DBL Hedge Fund Activity: Q2 2014 in Review
52 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in DoubleLine Opportunistic Credit Fund (DBL) for Q2 2014, worth a combined $72.6M — up 12% from $64.8M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new DBL positions and 7 closed out — a net gain of 1 holder — while 24 added to existing stakes and 16 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $4.54M. The largest seller was Cambridge Investment Research Advisors, cutting an estimated $1.99M.
- 52 institutional investors held DoubleLine Opportunistic Credit Fund (DBL) as of Q2 2014, up from 51 in Q1 2014.
- Funds reported $72.6M of DoubleLine Opportunistic Credit Fund stock for Q2 2014, up 12% quarter-over-quarter.
- 8 funds opened new DoubleLine Opportunistic Credit Fund positions in Q2 2014 and 7 closed out, a net change of +1 holder.
- The largest DoubleLine Opportunistic Credit Fund buyer in Q2 2014 was Morgan Stanley, an estimated $4.54M added.
- The largest DoubleLine Opportunistic Credit Fund seller in Q2 2014 was Cambridge Investment Research Advisors, an estimated $1.99M sold.
Based on aggregated 13F filings for Q2 2014.