Western Asset Mortgage Opportunity Fund
DMO
45 hedge funds and large institutions have $34.3M invested in Western Asset Mortgage Opportunity Fund in 2021 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 19 reducing their positions, and 7 closing their positions.
2.08% less ownership
Funds ownership: 23.34% → 21.26% (-2.1%)
2% less funds holding
Funds holding: 46 → 45 (-1)
6% less capital invested
Capital invested by funds: $36.5M → $34.3M (-$2.16M)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
37% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
+$2.46M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.35M |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$578K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$469K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$384K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$2.59M |
| 2 |
KPWS
Kestra Private Wealth Services
Austin,
Texas
|
-$1.25M |
| 3 |
Morgan Stanley
New York
|
-$850K |
| 4 |
FFA
Founders Financial Alliance
Raleigh,
North Carolina
|
-$739K |
| 5 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
-$649K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Millennium Management
New York
| – | -$178K | -12,545 | Closed |
|
52
Fidelity Investments
Boston,
Massachusetts
| – | -$14 | -1 | -50% |
|
DMO Hedge Fund Activity: Q1 2021 in Review
45 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in Western Asset Mortgage Opportunity Fund (DMO) for Q1 2021, worth a combined $34.3M — down 5.9% from $36.5M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of DMO and 6 opened new positions — a net loss of 1 holder — while 19 trimmed existing stakes and 12 added.
The largest buyer was Integrated Wealth Concepts, adding an estimated $2.46M. The largest seller was Northwestern Mutual Wealth Management, cutting an estimated $2.59M.
- 45 institutional investors held Western Asset Mortgage Opportunity Fund (DMO) as of Q1 2021, down from 46 in Q4 2020.
- Funds reported $34.3M of Western Asset Mortgage Opportunity Fund stock for Q1 2021, down 5.9% quarter-over-quarter.
- 6 funds opened new Western Asset Mortgage Opportunity Fund positions in Q1 2021 and 7 closed out, a net change of -1 holder.
- The largest Western Asset Mortgage Opportunity Fund buyer in Q1 2021 was Integrated Wealth Concepts, an estimated $2.46M added.
- The largest Western Asset Mortgage Opportunity Fund seller in Q1 2021 was Northwestern Mutual Wealth Management, an estimated $2.59M sold.
Based on aggregated 13F filings for Q1 2021.