Western Asset Mortgage Opportunity Fund
DMO
16 hedge funds and large institutions have $25.4M invested in Western Asset Mortgage Opportunity Fund in 2013 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 5 increasing their positions, 6 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
47% more capital invested
Capital invested by funds: $17.2M → $25.4M (+$8.14M)
7% more funds holding
Funds holding: 15 → 16 (+1)
3.16% more ownership
Funds ownership: 7.36% → 10.52% (+3.2%)
17% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HK
Horizon Kinetics
New York
|
+$4.48M |
| 2 |
SCM
Saba Capital Management
New York
|
+$3.42M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.74M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$1.14M |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$160K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.14M |
| 2 |
Morgan Stanley
New York
|
-$1.13M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.06M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$221K |
| 5 |
US Bancorp
Minneapolis,
Minnesota
|
-$16.3K |
DMO Hedge Fund Activity: Q4 2013 in Review
16 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Western Asset Mortgage Opportunity Fund (DMO) for Q4 2013, worth a combined $25.4M — up 47% from $17.2M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new DMO positions and 2 closed out — a net gain of 1 holder — while 5 added to existing stakes and 6 trimmed.
The largest buyer was Horizon Kinetics, adding an estimated $4.48M. The largest seller was Bank of America, cutting an estimated $1.14M.
- 16 institutional investors held Western Asset Mortgage Opportunity Fund (DMO) as of Q4 2013, up from 15 in Q3 2013.
- Funds reported $25.4M of Western Asset Mortgage Opportunity Fund stock for Q4 2013, up 47% quarter-over-quarter.
- 3 funds opened new Western Asset Mortgage Opportunity Fund positions in Q4 2013 and 2 closed out, a net change of +1 holder.
- The largest Western Asset Mortgage Opportunity Fund buyer in Q4 2013 was Horizon Kinetics, an estimated $4.48M added.
- The largest Western Asset Mortgage Opportunity Fund seller in Q4 2013 was Bank of America, an estimated $1.14M sold.
Based on aggregated 13F filings for Q4 2013.