Western Asset Global Corporate Defined Opportunity Fund
GDO
35 hedge funds and large institutions have $112M invested in Western Asset Global Corporate Defined Opportunity Fund in 2014 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 18 increasing their positions, 12 reducing their positions, and 7 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 12
8% more capital invested
Capital invested by funds: $104M → $112M (+$7.93M)
1.77% more ownership
Funds ownership: 37.23% → 39% (+1.8%)
15% less funds holding
Funds holding: 41 → 35 (-6)
86% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$3.51M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.94M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.71M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$463K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$411K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$926K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$752K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$469K |
| 4 |
SG Americas Securities
New York
|
-$437K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$432K |
GDO Hedge Fund Activity: Q2 2014 in Review
35 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q2 2014, worth a combined $112M — up 7.6% from $104M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of GDO and 1 opened new positions — a net loss of 6 holders — while 12 trimmed existing stakes and 18 added.
The largest buyer was 1607 Capital Partners, adding an estimated $3.51M. The largest seller was Saba Capital Management, cutting an estimated $926K.
- 35 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q2 2014, down from 41 in Q1 2014.
- Funds reported $112M of Western Asset Global Corporate Defined Opportunity Fund stock for Q2 2014, up 7.6% quarter-over-quarter.
- 1 fund opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q2 2014 and 7 closed out, a net change of -6 holders.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q2 2014 was 1607 Capital Partners, an estimated $3.51M added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q2 2014 was Saba Capital Management, an estimated $926K sold.
Based on aggregated 13F filings for Q2 2014.