Western Asset Global Corporate Defined Opportunity Fund
GDO
39 hedge funds and large institutions have $96.7M invested in Western Asset Global Corporate Defined Opportunity Fund in 2016 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 9 increasing their positions, 18 reducing their positions, and 6 closing their positions.
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
3% more funds holding
Funds holding: 38 → 39 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less capital invested
Capital invested by funds: $101M → $96.7M (-$4.06M)
2.79% less ownership
Funds ownership: 42% → 39.21% (-2.8%)
50% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
+$1.06M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$527K |
| 3 |
Koshinski Asset Management
Decatur,
Illinois
|
+$438K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$392K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$306K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$2.84M |
| 2 |
SCM
Saba Capital Management
New York
|
-$2.36M |
| 3 |
LPL Financial
San Diego,
California
|
-$1.12M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$901K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$695K |
GDO Hedge Fund Activity: Q1 2016 in Review
39 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q1 2016, worth a combined $96.7M — down 4% from $101M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new GDO positions and 6 closed out — a net gain of 1 holder — while 9 added to existing stakes and 18 trimmed.
The largest buyer was Stifel Financial, opening a new position worth an estimated $1.06M. The largest seller was Financial & Investment Management Group, cutting an estimated $2.84M.
- 39 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q1 2016, up from 38 in Q4 2015.
- Funds reported $96.7M of Western Asset Global Corporate Defined Opportunity Fund stock for Q1 2016, down 4% quarter-over-quarter.
- 7 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q1 2016 and 6 closed out, a net change of +1 holder.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q1 2016 was Stifel Financial, an estimated $1.06M added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q1 2016 was Financial & Investment Management Group, an estimated $2.84M sold.
Based on aggregated 13F filings for Q1 2016.