Western Asset Global Corporate Defined Opportunity Fund
33 hedge funds and large institutions have $113M invested in Western Asset Global Corporate Defined Opportunity Fund in 2014 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 15 increasing their positions, 11 reducing their positions, and 4 closing their positions.
36% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 11
1.5% more ownership
Funds ownership: 39% → 40.5% (+1.5%)
1% more capital invested
Capital invested by funds: $112M → $113M (+$1.19M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less funds holding
Funds holding: 35 → 33 (-2)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.75M |
| 2 |
SCM
Saba Capital Management
New York
|
+$1.1M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$681K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$395K |
| 5 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$365K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$469K |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$343K |
| 3 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$231K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$154K |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$153K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
OC
26
Oppenheimer & Co
New York
| $250K | -$85.7K | -4,650 | -25% |
|
|
AIG
27
American International Group
New York
| $137K | -$369 | -20 | -0.3% |
|
|
WAMC
28
Western Asset Management Company
Pasadena,
California
| $111K | +$112K | +6,062 | New |
|
29
Bank of Montreal
Toronto,
Ontario, Canada
| $56K | -$32.8K | -1,780 | -37% |
|
|
DADC
30
D.A. Davidson & Co
Great Falls,
Montana
| $18K | – | – | – |
|
|
MFS
31
MSI Financial Services
Springfield,
Massachusetts
| $14K | +$203 | +11 | +1% |
|
|
CCS
32
Crosspoint Capital Strategies
Orinda,
California
| $6K | – | – | – |
|
|
WA
33
WFG Advisors
Dallas,
Texas
| $4K | – | – | – |
|
|
RJA
34
Raymond James & Associates
St Petersburg,
Florida
| – | -$343K | -18,357 | Closed |
|
|
FAAS
35
First Allied Advisory Services
San Diego,
California
| – | -$231K | -12,272 | Closed |
|
|
WAM
36
Wolverine Asset Management
Chicago,
Illinois
| – | -$35K | -1,879 | Closed |
|
|
TRCT
37
Tower Research Capital (TRC)
New York
| – | -$4K | -200 | Closed |
|
GDO Hedge Fund Activity: Q3 2014 in Review
33 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q3 2014, worth a combined $113M — up 1.1% from $112M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of GDO and 2 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 15 added.
The largest buyer was Bank of America, adding an estimated $1.75M. The largest seller was Rivernorth Capital Management, cutting an estimated $469K.
- 33 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q3 2014, down from 35 in Q2 2014.
- Funds reported $113M of Western Asset Global Corporate Defined Opportunity Fund stock for Q3 2014, up 1.1% quarter-over-quarter.
- 2 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q3 2014 and 4 closed out, a net change of -2 holders.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q3 2014 was Bank of America, an estimated $1.75M added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q3 2014 was Rivernorth Capital Management, an estimated $469K sold.
Based on aggregated 13F filings for Q3 2014.