SIT Investment Associates Amends DBL Stake, Signals Confidence
Ticker: DBL · Form: SC 13G/A · Filed: Feb 6, 2024 · CIK: 1525201
| Field | Detail |
|---|---|
| Company | Doubleline Opportunistic Credit Fund (DBL) |
| Form Type | SC 13G/A |
| Filed Date | Feb 6, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, credit-fund
Related Tickers: DBL
TL;DR
**SIT Investment Associates still holds DBL, good sign for stability.**
AI Summary
SIT Investment Associates Inc. filed an amended SC 13G/A on February 6, 2024, indicating their ownership in DoubleLine Opportunistic Credit Fund (DBL) as of December 31, 2023. This amendment, the fourth for this filing, shows SIT Investment Associates Inc. continues to hold a significant stake in DBL. This matters to investors because it confirms a major institutional investor's continued confidence in the fund, which can be a positive signal for the stock's stability and long-term prospects.
Why It Matters
This filing confirms a major institutional investor's continued significant ownership in DoubleLine Opportunistic Credit Fund, which can reassure current and potential investors about the fund's stability.
Risk Assessment
Risk Level: low — This filing is an amendment confirming an existing institutional stake, which generally indicates stability rather than new risk.
Analyst Insight
Investors should note the continued institutional interest in DBL, but this filing alone doesn't provide new information to warrant immediate action; it's a confirmation of existing ownership.
Key Numbers
- 005-91603 — SEC File Number (identifies the specific SEC registration for DoubleLine Opportunistic Credit Fund)
- 4 — Amendment Number (indicates this is the fourth amendment to the original Schedule 13G filing by SIT Investment Associates Inc.)
- 258623107 — CUSIP Number (unique identifier for the Common Stock of DoubleLine Opportunistic Credit Fund)
Key Players & Entities
- SIT Investment Associates Inc. (company) — the entity filing the SC 13G/A, reporting its ownership
- DoubleLine Opportunistic Credit Fund (company) — the issuer whose securities are being reported (ticker DBL)
- December 31, 2023 (date) — the date of the event requiring the filing
- February 6, 2024 (date) — the date the SC 13G/A was filed
- 258623107 (number) — the CUSIP number for DoubleLine Opportunistic Credit Fund's Common Stock
Forward-Looking Statements
- SIT Investment Associates Inc. will maintain a significant stake in DoubleLine Opportunistic Credit Fund. (SIT Investment Associates Inc.) — medium confidence, target: December 31, 2024
FAQ
What is the purpose of this specific SC 13G/A filing?
This SC 13G/A is an amendment (Amendment No. 4) filed by SIT Investment Associates Inc. to update its beneficial ownership in DoubleLine Opportunistic Credit Fund (DBL) as of December 31, 2023, under Rule 13d-1(b).
Who is the reporting person in this filing?
The reporting person is SIT Investment Associates Inc., with a Central Index Key (CIK) of 0000769317, located at 3300 IDS Center, 80 South Eighth Street, Minneapolis, MN 55402.
What is the subject company of this filing?
The subject company is DoubleLine Opportunistic Credit Fund (DBL), with a Central Index Key (CIK) of 0001525201, whose business address is C/O DoubleLine Capital LP, 2002 N. Tampa St., Suite 200, Tampa, FL 33602.
What type of securities are covered by this filing?
The filing covers 'Common Stock' of DoubleLine Opportunistic Credit Fund, identified by CUSIP Number 258623107.
When was the event that triggered this filing?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, and the filing itself was made on February 6, 2024.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 6, 2024 regarding DoubleLine Opportunistic Credit Fund (DBL).