Western Asset Mortgage Opportunity Fund
DMO
27 hedge funds and large institutions have $21.4M invested in Western Asset Mortgage Opportunity Fund in 2016 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 10 increasing their positions, 7 reducing their positions, and 4 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 7
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
2.67% less ownership
Funds ownership: 11.69% → 9.02% (-2.7%)
4% less funds holding
Funds holding: 28 → 27 (-1)
26% less capital invested
Capital invested by funds: $29.1M → $21.4M (-$7.69M)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$1.37M |
| 2 |
LCM
Laurion Capital Management
New York
|
+$1.27M |
| 3 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
+$600K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
+$380K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$272K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NVIM
New Vernon Investment Management
Highland Park,
Illinois
|
-$3.54M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$1.28M |
| 3 |
HK
Horizon Kinetics
New York
|
-$581K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$430K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$285K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PSUF
26
People's United Financial
Bridgeport,
Connecticut
| $6K | -$23.2K | -1,000 | -80% |
|
|
PCM
27
Penserra Capital Management
Orinda,
California
| $3K | +$418 | +18 | +12% |
|
|
NVIM
28
New Vernon Investment Management
Highland Park,
Illinois
| – | -$3.54M | -148,036 | Closed |
|
|
29
Invesco
Atlanta,
Georgia
| – | -$1.28M | -53,418 | Closed |
|
|
RFA
30
Reilly Financial Advisors
La Mesa,
California
| – | -$10K | -425 | Closed |
|
|
TRCT
31
Tower Research Capital (TRC)
New York
| – | -$5K | -200 | Closed |
|
DMO Hedge Fund Activity: Q4 2016 in Review
27 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in Western Asset Mortgage Opportunity Fund (DMO) for Q4 2016, worth a combined $21.4M — down 26% from $29.1M a quarter earlier.
Fund positioning in DMO was balanced in Q4 2016: 4 funds opened new positions, 4 closed out, 10 added to existing stakes and 7 trimmed.
The largest buyer was Cambridge Investment Research Advisors, opening a new position worth an estimated $1.37M. The largest seller was New Vernon Investment Management, exiting entirely with an estimated $3.54M sold.
- 27 institutional investors held Western Asset Mortgage Opportunity Fund (DMO) as of Q4 2016, down from 28 in Q3 2016.
- Funds reported $21.4M of Western Asset Mortgage Opportunity Fund stock for Q4 2016, down 26% quarter-over-quarter.
- 4 funds opened new Western Asset Mortgage Opportunity Fund positions in Q4 2016 and 4 closed out, a net change of 0 holders.
- The largest Western Asset Mortgage Opportunity Fund buyer in Q4 2016 was Cambridge Investment Research Advisors, an estimated $1.37M added.
- The largest Western Asset Mortgage Opportunity Fund seller in Q4 2016 was New Vernon Investment Management, an estimated $3.54M sold.
Based on aggregated 13F filings for Q4 2016.