Western Asset Global Corporate Defined Opportunity Fund
GDO
36 hedge funds and large institutions have $85.8M invested in Western Asset Global Corporate Defined Opportunity Fund in 2016 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 14 reducing their positions, and 7 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 14
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5.57% less ownership
Funds ownership: 39.21% → 33.64% (-5.6%)
8% less funds holding
Funds holding: 39 → 36 (-3)
11% less capital invested
Capital invested by funds: $96.7M → $85.8M (-$10.9M)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.48M |
| 2 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
+$906K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$754K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$434K |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$313K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$5.7M |
| 2 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$4.31M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$3.39M |
| 4 |
SCM
Saba Capital Management
New York
|
-$1.19M |
| 5 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$708K |
GDO Hedge Fund Activity: Q2 2016 in Review
36 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q2 2016, worth a combined $85.8M — down 11% from $96.7M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of GDO and 4 opened new positions — a net loss of 3 holders — while 14 trimmed existing stakes and 16 added.
The largest buyer was Sit Investment Associates, opening a new position worth an estimated $1.48M. The largest seller was Parametric Portfolio Associates, exiting entirely with an estimated $5.7M sold.
- 36 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q2 2016, down from 39 in Q1 2016.
- Funds reported $85.8M of Western Asset Global Corporate Defined Opportunity Fund stock for Q2 2016, down 11% quarter-over-quarter.
- 4 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q2 2016 and 7 closed out, a net change of -3 holders.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q2 2016 was Sit Investment Associates, an estimated $1.48M added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q2 2016 was Parametric Portfolio Associates, an estimated $5.7M sold.
Based on aggregated 13F filings for Q2 2016.