Western Asset Mortgage Opportunity Fund
DMO
17 hedge funds and large institutions have $21.6M invested in Western Asset Mortgage Opportunity Fund in 2014 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 8 increasing their positions, 3 reducing their positions, and 1 closing their positions.
167% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 3
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
6% more funds holding
Funds holding: 16 → 17 (+1)
1.52% less ownership
Funds ownership: 10.52% → 9% (-1.5%)
15% less capital invested
Capital invested by funds: $25.4M → $21.6M (-$3.76M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$474K |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$362K |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$305K |
| 4 |
NL
NWAM LLC
Mercer Island,
Washington
|
+$241K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$112K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HK
Horizon Kinetics
New York
|
-$4.34M |
| 2 |
SCM
Saba Capital Management
New York
|
-$810K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$271K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$1.94K |
DMO Hedge Fund Activity: Q1 2014 in Review
17 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Western Asset Mortgage Opportunity Fund (DMO) for Q1 2014, worth a combined $21.6M — down 15% from $25.4M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new DMO positions and 1 closed out — a net gain of 1 holder — while 8 added to existing stakes and 3 trimmed.
The largest buyer was Bank of America, adding an estimated $474K. The largest seller was Horizon Kinetics, cutting an estimated $4.34M.
- 17 institutional investors held Western Asset Mortgage Opportunity Fund (DMO) as of Q1 2014, up from 16 in Q4 2013.
- Funds reported $21.6M of Western Asset Mortgage Opportunity Fund stock for Q1 2014, down 15% quarter-over-quarter.
- 2 funds opened new Western Asset Mortgage Opportunity Fund positions in Q1 2014 and 1 closed out, a net change of +1 holder.
- The largest Western Asset Mortgage Opportunity Fund buyer in Q1 2014 was Bank of America, an estimated $474K added.
- The largest Western Asset Mortgage Opportunity Fund seller in Q1 2014 was Horizon Kinetics, an estimated $4.34M sold.
Based on aggregated 13F filings for Q1 2014.