Western Asset Mortgage Opportunity Fund
DMO
31 hedge funds and large institutions have $27.7M invested in Western Asset Mortgage Opportunity Fund in 2018 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 6 reducing their positions, and 3 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 6
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
18% more capital invested
Capital invested by funds: $23.4M → $27.7M (+$4.31M)
3% more funds holding
Funds holding: 30 → 31 (+1)
1.67% more ownership
Funds ownership: 9.17% → 10.84% (+1.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
+$1.89M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$915K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
+$484K |
| 4 |
CF
Centaurus Financial
Anaheim,
California
|
+$472K |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
+$321K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HK
Horizon Kinetics
New York
|
-$569K |
| 2 |
Morgan Stanley
New York
|
-$165K |
| 3 |
AG
Advisor Group
Phoenix,
Arizona
|
-$61.6K |
| 4 |
PGWM
Parisi Gray Wealth Management
Mendham,
New Jersey
|
-$44.2K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$41.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $25K | +$663 | +27 | +3% |
|
|
WEC
27
Winslow Evans & Crocker
Boston,
Massachusetts
| $12K | – | – | – |
|
|
APA
28
American Portfolios Advisors
Holbrook,
New York
| $8.99K | +$221 | +9 | +2% |
|
|
PA
29
Parallel Advisors
San Francisco,
California
| $6K | +$147 | +6 | +2% |
|
|
WC
30
Whitney & Co
Rochester,
New York
| $5K | – | – | – |
|
|
FIA
31
FNY Investment Advisers
New York
| $1K | +$1.11K | +45 | New |
|
|
HK
32
Horizon Kinetics
New York
| – | -$569K | -23,236 | Closed |
|
|
RFWA
33
RPg Family Wealth Advisory
Burlington,
Massachusetts
| – | -$24.7K | -1,008 | Closed |
|
|
FGAM
34
Financial Gravity Asset Management
Lakeway,
Texas
| – | -$6K | -244 | Closed |
|
DMO Hedge Fund Activity: Q2 2018 in Review
31 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Western Asset Mortgage Opportunity Fund (DMO) for Q2 2018, worth a combined $27.7M — up 18% from $23.4M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new DMO positions and 3 closed out — a net gain of 2 holders — while 15 added to existing stakes and 6 trimmed.
The largest buyer was Cornerstone Wealth Management, opening a new position worth an estimated $1.89M. The largest seller was Horizon Kinetics, exiting entirely with an estimated $569K sold.
- 31 institutional investors held Western Asset Mortgage Opportunity Fund (DMO) as of Q2 2018, up from 30 in Q1 2018.
- Funds reported $27.7M of Western Asset Mortgage Opportunity Fund stock for Q2 2018, up 18% quarter-over-quarter.
- 5 funds opened new Western Asset Mortgage Opportunity Fund positions in Q2 2018 and 3 closed out, a net change of +2 holders.
- The largest Western Asset Mortgage Opportunity Fund buyer in Q2 2018 was Cornerstone Wealth Management, an estimated $1.89M added.
- The largest Western Asset Mortgage Opportunity Fund seller in Q2 2018 was Horizon Kinetics, an estimated $569K sold.
Based on aggregated 13F filings for Q2 2018.