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GDO

Western Asset Global Corporate Defined Opportunity Fund
GDO

37 hedge funds and large institutions have $65.9M invested in Western Asset Global Corporate Defined Opportunity Fund in 2017 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 12 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 12

0% more funds holding

Funds holding: 37 → 37 (0)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 4

0.9% less ownership

Funds ownership: 25.4% → 24.5% (-0.9%)

5% less capital invested

Capital invested by funds: $69.4M → $65.9M (-$3.57M)

Holders
37
Holders Change
–
Holders Change %
0%
% of All Funds
0.84%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
4
Increased
16
Reduced
12
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$700K
2
GC
Guggenheim Capital
Illinois
+$266K
3
RJA
Raymond James & Associates
Florida
+$256K
4
RJFSA
Raymond James Financial Services Advisors
Florida
+$222K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$207K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$2.54M
2
SIA
Sit Investment Associates
Minnesota
-$529K
3
1CP
1607 Capital Partners
Virginia
-$390K
4
RCM
Rivernorth Capital Management
Florida
-$371K
5
Invesco
Invesco
Georgia
-$286K
Name Holding Trade Value Shares
Change 		Change in
Stake
CAN
26
Cetera Advisor Networks
California
$202K +$6.95K +383 +4%
AG
27
Advisor Group
Arizona
$154K +$4.72K +260 +3%
SG Americas Securities
28
SG Americas Securities
New York
$127K +$128K +7,051 New
Citigroup
29
Citigroup
New York
$42K -$363 -20 -0.8%
MOS
30
MGO One Seven
Ohio
$41K +$41.3K +2,273 New
AWM
31
AllSquare Wealth Management
New York
$36K – – –
Northwestern Mutual Wealth Management
32
Northwestern Mutual Wealth Management
Wisconsin
$15K – – –
TCOV
33
Trust Company of Vermont
Vermont
$11K -$81.7K -4,500 -88%
APA
34
American Portfolios Advisors
New York
$5.83K +$5.88K +324 New
IA
35
IFP Advisors
Florida
$5K – – –
CA
36
Calton & Associates
Florida
$3K +$3.34K +184 New
RCM
37
Rivernorth Capital Management
Florida
– -$371K -20,249 Closed
BF
38
BOK Financial
Oklahoma
– -$46K -2,512 Closed
TWA
39
TCI Wealth Advisors
Arizona
– -$26K -1,412 Closed
PCM
40
Penserra Capital Management
California
– -$3K -192 Closed
1
2

GDO Hedge Fund Activity: Q4 2017 in Review

37 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q4 2017, worth a combined $65.9M — down 5.1% from $69.4M a quarter earlier.

Fund positioning in GDO was balanced in Q4 2017: 4 funds opened new positions, 4 closed out, 16 added to existing stakes and 12 trimmed.

The largest buyer was UBS Group, adding an estimated $700K. The largest seller was Wells Fargo, cutting an estimated $2.54M.

  • 37 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q4 2017, unchanged from Q3 2017.
  • Funds reported $65.9M of Western Asset Global Corporate Defined Opportunity Fund stock for Q4 2017, down 5.1% quarter-over-quarter.
  • 4 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q4 2017 and 4 closed out, a net change of 0 holders.
  • The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q4 2017 was UBS Group, an estimated $700K added.
  • The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q4 2017 was Wells Fargo, an estimated $2.54M sold.

Based on aggregated 13F filings for Q4 2017.