DoubleLine Income Solutions Fund
90 hedge funds and large institutions have $375M invested in DoubleLine Income Solutions Fund in 2014 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 34 increasing their positions, 20 reducing their positions, and 13 closing their positions.
77% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 13
70% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 20
14% more capital invested
Capital invested by funds: $328M → $375M (+$46.7M)
13% more funds holding
Funds holding: 80 → 90 (+10)
2.63% more ownership
Funds ownership: 14.08% → 16.71% (+2.6%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $1.02M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
+$21.4M |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$7.63M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$5.65M |
| 4 |
Morgan Stanley
New York
|
+$4.42M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$4.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$6.85M |
| 2 |
Citigroup
New York
|
-$924K |
| 3 |
SCM
Saba Capital Management
New York
|
-$481K |
| 4 |
SIC
Salem Investment Counselors
Winston Salem,
North Carolina
|
-$449K |
| 5 |
Nomura Holdings
Tokyo,
Japan
|
-$436K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Comerica Bank
Dallas,
Texas
| – | -$214K | -9,540 | Closed |
|
|
VFS
102
VSR Financial Services
Overland Park,
Kansas
| – | -$200K | -8,915 | Closed |
|
|
BCMU
103
BlueCrest Capital Management (UK)
St. Peter Port,
Guernsey
| – | -$200K | -8,900 | Closed |
|
|
WTB
104
Washington Trust Bank
Spokane,
Washington
| – | -$5K | -240 | Closed |
|
DSL Hedge Fund Activity: Q3 2014 in Review
90 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in DoubleLine Income Solutions Fund (DSL) for Q3 2014, worth a combined $375M — up 14% from $328M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new DSL positions and 13 closed out — a net gain of 10 holders — while 34 added to existing stakes and 20 trimmed.
The largest buyer was Bessemer Group, opening a new position worth an estimated $21.4M. The largest seller was Mariner Investment Group, cutting an estimated $6.85M.
- 90 institutional investors held DoubleLine Income Solutions Fund (DSL) as of Q3 2014, up from 80 in Q2 2014.
- Funds reported $375M of DoubleLine Income Solutions Fund stock for Q3 2014, up 14% quarter-over-quarter.
- 23 funds opened new DoubleLine Income Solutions Fund positions in Q3 2014 and 13 closed out, a net change of +10 holders.
- The largest DoubleLine Income Solutions Fund buyer in Q3 2014 was Bessemer Group, an estimated $21.4M added.
- The largest DoubleLine Income Solutions Fund seller in Q3 2014 was Mariner Investment Group, an estimated $6.85M sold.
Based on aggregated 13F filings for Q3 2014.