DoubleLine Income Solutions Fund
69 hedge funds and large institutions have $296M invested in DoubleLine Income Solutions Fund in 2014 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 30 increasing their positions, 13 reducing their positions, and 11 closing their positions.
131% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 13
55% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 11
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
10% more funds holding
Funds holding: 63 → 69 (+6)
4% less capital invested
Capital invested by funds: $308M → $296M (-$12.1M)
1.15% less ownership
Funds ownership: 15.67% → 14.51% (-1.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$14.2M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$9.35M |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$6.29M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$2.69M |
| 5 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
+$2.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$29.5M |
| 2 |
SCM
Saba Capital Management
New York
|
-$5.8M |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$4.38M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.55M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$1.47M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MWM
76
Merriman Wealth Management
Seattle,
Washington
| – | -$422K | -20,000 | Closed |
|
|
CAS
77
CTC Alternative Strategies
Chicago,
Illinois
| – | -$415K | -19,700 | Closed |
|
|
ST
78
Spot Trading
Chicago,
Illinois
| – | -$295K | -14,008 | Closed |
|
79
Citadel Advisors
Miami,
Florida
| – | -$228K | -10,820 | Closed |
|
|
FNYS
80
First New York Securities
New York
| – | -$224K | -10,600 | Closed |
|
|
PWPCM
81
Perella Weinberg Partners Capital Management
New York
| – | -$222K | -10,540 | Closed |
|
DSL Hedge Fund Activity: Q1 2014 in Review
69 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in DoubleLine Income Solutions Fund (DSL) for Q1 2014, worth a combined $296M — down 3.9% from $308M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new DSL positions and 11 closed out — a net gain of 6 holders — while 30 added to existing stakes and 13 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $14.2M. The largest seller was Pine River Capital Management, exiting entirely with an estimated $29.5M sold.
- 69 institutional investors held DoubleLine Income Solutions Fund (DSL) as of Q1 2014, up from 63 in Q4 2013.
- Funds reported $296M of DoubleLine Income Solutions Fund stock for Q1 2014, down 3.9% quarter-over-quarter.
- 17 funds opened new DoubleLine Income Solutions Fund positions in Q1 2014 and 11 closed out, a net change of +6 holders.
- The largest DoubleLine Income Solutions Fund buyer in Q1 2014 was Morgan Stanley, an estimated $14.2M added.
- The largest DoubleLine Income Solutions Fund seller in Q1 2014 was Pine River Capital Management, an estimated $29.5M sold.
Based on aggregated 13F filings for Q1 2014.