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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BTS
BB&T Securities
Richmond,
Virginia
|
+$1.18M |
| 2 |
Morgan Stanley
New York
|
+$856K |
| 3 |
AC
Addison Capital
Conshohocken,
Pennsylvania
|
+$586K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$307K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$295K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$3.21M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.15M |
| 3 |
Bank of New York Mellon
New York
|
-$540K |
| 4 |
Squarepoint
New York
|
-$470K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$428K |
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.