Western Asset Global Corporate Defined Opportunity Fund
GDO
38 hedge funds and large institutions have $93.8M invested in Western Asset Global Corporate Defined Opportunity Fund in 2013 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 12 reducing their positions, and 4 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 12
27% more capital invested
Capital invested by funds: $73.9M → $93.8M (+$19.9M)
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
6.93% more ownership
Funds ownership: 26.9% → 33.83% (+6.9%)
3% more funds holding
Funds holding: 37 → 38 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$8.18M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$4.54M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$3.83M |
| 4 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
+$2.86M |
| 5 |
KSCM
Kamunting Street Capital Management
Miami Beach,
Florida
|
+$710K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.01M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$987K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$631K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$431K |
| 5 |
OC
Oppenheimer & Co
New York
|
-$267K |
GDO Hedge Fund Activity: Q4 2013 in Review
38 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q4 2013, worth a combined $93.8M — up 27% from $73.9M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new GDO positions and 4 closed out — a net gain of 1 holder — while 16 added to existing stakes and 12 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $8.18M. The largest seller was Wolverine Asset Management, cutting an estimated $1.01M.
- 38 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q4 2013, up from 37 in Q3 2013.
- Funds reported $93.8M of Western Asset Global Corporate Defined Opportunity Fund stock for Q4 2013, up 27% quarter-over-quarter.
- 5 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q4 2013 and 4 closed out, a net change of +1 holder.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q4 2013 was Saba Capital Management, an estimated $8.18M added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q4 2013 was Wolverine Asset Management, an estimated $1.01M sold.
Based on aggregated 13F filings for Q4 2013.