Western Asset Global Corporate Defined Opportunity Fund
37 hedge funds and large institutions have $106M invested in Western Asset Global Corporate Defined Opportunity Fund in 2015 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 11 increasing their positions, 13 reducing their positions, and 1 closing their positions.
500% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 1
12% more funds holding
Funds holding: 33 → 37 (+4)
0.45% more ownership
Funds ownership: 43.63% → 44.08% (+0.45%)
7% less capital invested
Capital invested by funds: $114M → $106M (-$7.67M)
15% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$4.49M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$867K |
| 3 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$865K |
| 4 |
CHAM
Clear Harbor Asset Management
Stamford,
Connecticut
|
+$504K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$500K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$3.62M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$647K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$557K |
| 4 |
SCM
Saba Capital Management
New York
|
-$470K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$462K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CIA
26
Capital Investment Advisors
Atlanta,
Georgia
| $201K | -$56.7K | -3,421 | -21% |
|
|
AIG
27
American International Group
New York
| $120K | – | – | – |
|
28
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $117K | +$18.4K | +1,108 | +18% |
|
|
WAMC
29
Western Asset Management Company
Pasadena,
California
| $86K | +$89.1K | +5,375 | New |
|
30
Bank of Montreal
Toronto,
Ontario, Canada
| $48K | – | – | – |
|
31
Envestnet Asset Management
Chicago,
Illinois
| $44K | +$45.6K | +2,750 | New |
|
|
DADC
32
D.A. Davidson & Co
Great Falls,
Montana
| $15K | – | – | – |
|
|
MFS
33
MSI Financial Services
Springfield,
Massachusetts
| $13K | +$232 | +14 | +2% |
|
|
UFA
34
US Financial Advisors
Braintree,
Massachusetts
| $12K | +$12.4K | +750 | New |
|
|
LTFS
35
Ladenburg Thalmann Financial Services
Miami,
Florida
| $7K | -$1.66K | -100 | -18% |
|
|
WA
36
WFG Advisors
Dallas,
Texas
| $2K | – | – | – |
|
|
RPG
37
Risk Paradigm Group
Austin,
Texas
| $855 | +$895 | +54 | New |
|
|
OC
38
Oppenheimer & Co
New York
| – | -$217K | -12,652 | Closed |
|
GDO Hedge Fund Activity: Q3 2015 in Review
37 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q3 2015, worth a combined $106M — down 6.7% from $114M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new GDO positions and 1 closed out — a net gain of 5 holders — while 11 added to existing stakes and 13 trimmed.
The largest buyer was Wells Fargo, adding an estimated $4.49M. The largest seller was Bank of America, cutting an estimated $3.62M.
- 37 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q3 2015, up from 33 in Q2 2015.
- Funds reported $106M of Western Asset Global Corporate Defined Opportunity Fund stock for Q3 2015, down 6.7% quarter-over-quarter.
- 6 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q3 2015 and 1 closed out, a net change of +5 holders.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q3 2015 was Wells Fargo, an estimated $4.49M added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q3 2015 was Bank of America, an estimated $3.62M sold.
Based on aggregated 13F filings for Q3 2015.