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DBL

DoubleLine Opportunistic Credit Fund

68 hedge funds and large institutions have $87.9M invested in DoubleLine Opportunistic Credit Fund in 2016 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 20 increasing their positions, 16 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 7

25% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 16

6% more funds holding

Funds holding: 6468 (+4)

0.8% less ownership

Funds ownership: 23.03%22.23% (-0.8%)

3% less capital invested

Capital invested by funds: $90.2M → $87.9M (-$2.26M)

Holders
68
Holders Change
+4
Holders Change %
+6.25%
% of All Funds
1.81%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
11
Increased
20
Reduced
16
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
HK
1
Horizon Kinetics
New York
$11.2M -$1.98M -75,236 -15%
UBS Group
2
UBS Group
Switzerland
$11.2M +$263K +9,978 +2%
Bank of America
3
Bank of America
North Carolina
$9.58M -$693K -26,314 -7%
Morgan Stanley
4
Morgan Stanley
New York
$9.19M +$2.16M +82,078 +31%
LPL Financial
5
LPL Financial
California
$5.5M -$6.56M -249,002 -55%
WP
6
WealthSource Partners
California
$3.52M +$3.46M +131,333 New
AA
7
Apriem Advisors
California
$2.89M +$18.6K +707 +0.7%
Wells Fargo
8
Wells Fargo
California
$2.7M -$69.7K -2,646 -3%
HighTower Advisors
9
HighTower Advisors
Illinois
$2.48M
CAN
10
Cetera Advisor Networks
California
$2.41M +$166K +6,302 +8%
LTFS
11
Ladenburg Thalmann Financial Services
Florida
$2.21M +$409K +15,533 +23%
Commonwealth Equity Services
12
Commonwealth Equity Services
Massachusetts
$2.01M -$137K -5,216 -6%
Invesco
13
Invesco
Georgia
$1.87M +$85.1K +3,232 +5%
RJA
14
Raymond James & Associates
Florida
$1.59M -$347K -13,169 -18%
NPC
15
National Planning Corporation
California
$1.19M +$301K +11,431 +36%
CIBC World Market
16
CIBC World Market
Ontario, Canada
$1.12M -$14.6K -556 -1%
Bank of Montreal
17
Bank of Montreal
Ontario, Canada
$988K +$127K +4,835 +15%
Ameriprise
18
Ameriprise
Minnesota
$981K +$468K +17,748 +92%
GC
19
Guggenheim Capital
Illinois
$938K -$872K -33,091 -49%
FFA
20
First Foundation Advisors
California
$914K -$943K -35,797 -51%
SI
21
SII Investments
Wisconsin
$888K +$871K +33,053 New
ASN
22
Advisory Services Network
Georgia
$886K +$105K +4,000 +14%
ACM
23
Alethea Capital Management
Washington
$809K -$199K -7,565 -20%
JIC
24
Joel Isaacson & Co
New York
$694K +$184K +7,000 +37%
Bank of New York Mellon
25
Bank of New York Mellon
New York
$626K +$26 +1 +0%

DBL Hedge Fund Activity: Q2 2016 in Review

68 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in DoubleLine Opportunistic Credit Fund (DBL) for Q2 2016, worth a combined $87.9M — down 2.5% from $90.2M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new DBL positions and 7 closed out — a net gain of 4 holders — while 20 added to existing stakes and 16 trimmed.

The largest buyer was WealthSource Partners, opening a new position worth an estimated $3.46M. The largest seller was LPL Financial, cutting an estimated $6.56M.

  • 68 institutional investors held DoubleLine Opportunistic Credit Fund (DBL) as of Q2 2016, up from 64 in Q1 2016.
  • Funds reported $87.9M of DoubleLine Opportunistic Credit Fund stock for Q2 2016, down 2.5% quarter-over-quarter.
  • 11 funds opened new DoubleLine Opportunistic Credit Fund positions in Q2 2016 and 7 closed out, a net change of +4 holders.
  • The largest DoubleLine Opportunistic Credit Fund buyer in Q2 2016 was WealthSource Partners, an estimated $3.46M added.
  • The largest DoubleLine Opportunistic Credit Fund seller in Q2 2016 was LPL Financial, an estimated $6.56M sold.

Based on aggregated 13F filings for Q2 2016.