Western Asset Global Corporate Defined Opportunity Fund
GDO
38 hedge funds and large institutions have $83.4M invested in Western Asset Global Corporate Defined Opportunity Fund in 2016 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 14 increasing their positions, 15 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
3% more funds holding
Funds holding: 37 → 38 (+1)
1.23% more ownership
Funds ownership: 31.34% → 32.57% (+1.2%)
0% more capital invested
Capital invested by funds: $83M → $83.4M (+$386K)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$7.53M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$645K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$504K |
| 4 |
LPL Financial
San Diego,
California
|
+$231K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$193K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.11M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$875K |
| 3 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$679K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$590K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$357K |
GDO Hedge Fund Activity: Q4 2016 in Review
38 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q4 2016, worth a combined $83.4M — up 0.47% from $83M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new GDO positions and 2 closed out — a net gain of 1 holder — while 14 added to existing stakes and 15 trimmed.
The largest buyer was Wells Fargo, adding an estimated $7.53M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.11M.
- 38 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q4 2016, up from 37 in Q3 2016.
- Funds reported $83.4M of Western Asset Global Corporate Defined Opportunity Fund stock for Q4 2016, up 0.47% quarter-over-quarter.
- 3 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q4 2016 and 2 closed out, a net change of +1 holder.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q4 2016 was Wells Fargo, an estimated $7.53M added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q4 2016 was Rivernorth Capital Management, an estimated $3.11M sold.
Based on aggregated 13F filings for Q4 2016.