Western Asset Mortgage Opportunity Fund
DMO
25 hedge funds and large institutions have $20.8M invested in Western Asset Mortgage Opportunity Fund in 2017 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 10 reducing their positions, and 4 closing their positions.
0.58% less ownership
Funds ownership: 9.02% → 8.43% (-0.58%)
3% less capital invested
Capital invested by funds: $21.4M → $20.8M (-$579K)
7% less funds holding
Funds holding: 27 → 25 (-2)
10% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 10
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MML Investors Services
Springfield,
Massachusetts
|
+$2.82M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$365K |
| 3 |
Morgan Stanley
New York
|
+$363K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$344K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$298K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$1.25M |
| 2 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$751K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$414K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
-$373K |
| 5 |
NL
NWAM LLC
Mercer Island,
Washington
|
-$344K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VKH
26
Virtu KCG Holdings
New York
| – | -$373K | -16,365 | Closed |
|
|
NL
27
NWAM LLC
Mercer Island,
Washington
| – | -$344K | -15,074 | Closed |
|
28
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$209K | -9,165 | Closed |
|
29
Citigroup
New York
| – | -$169K | -7,240 | -100% |
|
DMO Hedge Fund Activity: Q1 2017 in Review
25 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Western Asset Mortgage Opportunity Fund (DMO) for Q1 2017, worth a combined $20.8M — down 2.7% from $21.4M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of DMO and 3 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 9 added.
The largest buyer was MML Investors Services, opening a new position worth an estimated $2.82M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $1.25M sold.
- 25 institutional investors held Western Asset Mortgage Opportunity Fund (DMO) as of Q1 2017, down from 27 in Q4 2016.
- Funds reported $20.8M of Western Asset Mortgage Opportunity Fund stock for Q1 2017, down 2.7% quarter-over-quarter.
- 3 funds opened new Western Asset Mortgage Opportunity Fund positions in Q1 2017 and 4 closed out, a net change of -1 holder.
- The largest Western Asset Mortgage Opportunity Fund buyer in Q1 2017 was MML Investors Services, an estimated $2.82M added.
- The largest Western Asset Mortgage Opportunity Fund seller in Q1 2017 was Laurion Capital Management, an estimated $1.25M sold.
Based on aggregated 13F filings for Q1 2017.