Western Asset Mortgage Opportunity Fund
DMO
44 hedge funds and large institutions have $37.6M invested in Western Asset Mortgage Opportunity Fund in 2023 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 19 increasing their positions, 14 reducing their positions, and 6 closing their positions.
36% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 14
1% less capital invested
Capital invested by funds: $37.9M → $37.6M (-$323K)
1.53% less ownership
Funds ownership: 31.22% → 29.69% (-1.5%)
8% less funds holding
Funds holding: 48 → 44 (-4)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$512K |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$318K |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$175K |
| 4 |
MML Investors Services
Springfield,
Massachusetts
|
+$156K |
| 5 |
CPRC
Consolidated Portfolio Review Corp
Woodbury,
New York
|
+$154K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$3.36M |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
-$1M |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$485K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$329K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$304K |
DMO Hedge Fund Activity: Q4 2023 in Review
44 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Western Asset Mortgage Opportunity Fund (DMO) for Q4 2023, worth a combined $37.6M — down 0.85% from $37.9M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of DMO and 3 opened new positions — a net loss of 3 holders — while 14 trimmed existing stakes and 19 added.
The largest buyer was Royal Bank of Canada, adding an estimated $512K. The largest seller was Morgan Stanley, cutting an estimated $3.36M.
- 44 institutional investors held Western Asset Mortgage Opportunity Fund (DMO) as of Q4 2023, down from 48 in Q3 2023.
- Funds reported $37.6M of Western Asset Mortgage Opportunity Fund stock for Q4 2023, down 0.85% quarter-over-quarter.
- 3 funds opened new Western Asset Mortgage Opportunity Fund positions in Q4 2023 and 6 closed out, a net change of -3 holders.
- The largest Western Asset Mortgage Opportunity Fund buyer in Q4 2023 was Royal Bank of Canada, an estimated $512K added.
- The largest Western Asset Mortgage Opportunity Fund seller in Q4 2023 was Morgan Stanley, an estimated $3.36M sold.
Based on aggregated 13F filings for Q4 2023.