DoubleLine Income Solutions Fund
147 hedge funds and large institutions have $400M invested in DoubleLine Income Solutions Fund in 2018 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 41 increasing their positions, 48 reducing their positions, and 17 closing their positions.
118% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 17
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
18% more call options, than puts
Call options by funds: $380K | Put options by funds: $321K
15% more funds holding
Funds holding: 128 → 147 (+19)
0.72% more ownership
Funds ownership: 22.03% → 22.75% (+0.72%)
11% less capital invested
Capital invested by funds: $451M → $400M (-$50.9M)
15% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 48
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisory
Hunt Valley,
Maryland
|
+$18.4M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$4.23M |
| 3 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$4.04M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$3.82M |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$3.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JMPWA
JP Morgan Private Wealth Advisors
San Francisco,
California
|
-$12.1M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$7.78M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$3.59M |
| 4 |
IP
Intellectus Partners
San Francisco,
California
|
-$2.59M |
| 5 |
Morgan Stanley
New York
|
-$1.84M |
DSL Hedge Fund Activity: Q4 2018 in Review
147 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in DoubleLine Income Solutions Fund (DSL) for Q4 2018, worth a combined $400M — down 11% from $451M a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new DSL positions and 17 closed out — a net gain of 20 holders — while 41 added to existing stakes and 48 trimmed.
The largest buyer was Cornerstone Advisory, adding an estimated $18.4M. The largest seller was JP Morgan Private Wealth Advisors, exiting entirely with an estimated $12.1M sold.
- 147 institutional investors held DoubleLine Income Solutions Fund (DSL) as of Q4 2018, up from 128 in Q3 2018.
- Funds reported $400M of DoubleLine Income Solutions Fund stock for Q4 2018, down 11% quarter-over-quarter.
- 37 funds opened new DoubleLine Income Solutions Fund positions in Q4 2018 and 17 closed out, a net change of +20 holders.
- The largest DoubleLine Income Solutions Fund buyer in Q4 2018 was Cornerstone Advisory, an estimated $18.4M added.
- The largest DoubleLine Income Solutions Fund seller in Q4 2018 was JP Morgan Private Wealth Advisors, an estimated $12.1M sold.
Based on aggregated 13F filings for Q4 2018.