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DSL

DoubleLine Income Solutions Fund
DSL

36 hedge funds and large institutions have $164M invested in DoubleLine Income Solutions Fund in 2013 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 16 increasing their positions, 4 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 4

117% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 6

109% more capital invested

Capital invested by funds: $78.8M → $164M (+$85.5M)

20% more funds holding

Funds holding: 30 → 36 (+6)

4.48% more ownership

Funds ownership: 3.65% → 8.14% (+4.5%)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $167K

Holders
36
Holders Change
+6
Holders Change %
+20%
% of All Funds
1.17%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
13
Increased
16
Reduced
4
Closed
6
Calls
–
Puts
$167K
Net Calls
-$167K
Net Calls Change
-$167K

Top Buyers

1
SCM
Saba Capital Management
New York
+$15.9M
2
U
UBS
Switzerland
+$13.3M
3
Morgan Stanley
Morgan Stanley
New York
+$12.3M
4
TT
Tiedemann Trust
Delaware
+$11.3M
5
Invesco
Invesco
Georgia
+$8.33M

Top Sellers

1
AQR Capital Management
AQR Capital Management
Connecticut
-$4.64M
2
AW
ACG Wealth
Georgia
-$1.85M
3
BRWA
B. Riley Wealth Advisors
Florida
-$264K
4
DWT
Dorsey & Whitney Trust
South Dakota
-$209K
5
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$137K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$36.3M +$12.3M +573,833 +53%
U
2
UBS
Switzerland
$26.7M +$13.3M +617,812 +103%
Bank of America
3
Bank of America
North Carolina
$20.6M +$6.75M +314,940 +50%
SCM
4
Saba Capital Management
New York
$16.2M +$15.9M +739,585 New
TT
5
Tiedemann Trust
Delaware
$11.4M +$11.3M +526,004 New
HK
6
Horizon Kinetics
New York
$8.72M +$7.65M +356,588 +880%
Invesco
7
Invesco
Georgia
$8.52M +$8.33M +388,314 New
Deutsche Bank
8
Deutsche Bank
Germany
$4.37M +$4.02M +187,293 +1,589%
Wells Fargo
9
Wells Fargo
California
$4.27M +$2.26M +105,507 +118%
Royal Bank of Canada
10
Royal Bank of Canada
Ontario, Canada
$3.97M +$1.35M +63,098 +53%
Barclays
11
Barclays
United Kingdom
$3.7M +$3.67M +171,253 +3,422%
LPL Financial
12
LPL Financial
California
$3.42M +$3.54M +165,044 New
FM
13
Foster & Motley
Ohio
$2.51M +$254K +11,825 +12%
SIC
14
Salem Investment Counselors
North Carolina
$2.19M – – –
JIP
15
Jaffetilchin Investment Partners
Florida
$1.47M +$895K +41,706 +166%
AW
16
ACG Wealth
Georgia
$1.15M -$1.85M -86,239 -62%
WS
17
Wedbush Securities
California
$975K +$140K +6,524 +17%
RJA
18
Raymond James & Associates
Florida
$945K +$465K +21,689 +102%
DD
19
Dominick & Dominick
New York
$803K – – –
NPC
20
National Planning Corporation
California
$706K +$701K +32,700 New
Citigroup
21
Citigroup
New York
$598K +$468K +21,833 +405%
HCM
22
Hilton Capital Management
New York
$590K – – –
KFS
23
KMS Financial Services
Washington
$544K +$532K +24,800 New
SNC
24
Stifel Nicolaus & Co
Missouri
$539K +$526K +24,542 New
PWP
25
Private Wealth Partners
California
$518K +$47.2K +2,200 +10%
1
2

DSL Hedge Fund Activity: Q3 2013 in Review

36 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in DoubleLine Income Solutions Fund (DSL) for Q3 2013, worth a combined $164M — up 109% from $78.8M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new DSL positions and 6 closed out — a net gain of 7 holders — while 16 added to existing stakes and 4 trimmed.

The largest buyer was Saba Capital Management, opening a new position worth an estimated $15.9M. The largest seller was AQR Capital Management, exiting entirely with an estimated $4.64M sold.

  • 36 institutional investors held DoubleLine Income Solutions Fund (DSL) as of Q3 2013, up from 30 in Q2 2013.
  • Funds reported $164M of DoubleLine Income Solutions Fund stock for Q3 2013, up 109% quarter-over-quarter.
  • 13 funds opened new DoubleLine Income Solutions Fund positions in Q3 2013 and 6 closed out, a net change of +7 holders.
  • The largest DoubleLine Income Solutions Fund buyer in Q3 2013 was Saba Capital Management, an estimated $15.9M added.
  • The largest DoubleLine Income Solutions Fund seller in Q3 2013 was AQR Capital Management, an estimated $4.64M sold.

Based on aggregated 13F filings for Q3 2013.