Western Asset Global Corporate Defined Opportunity Fund
37 hedge funds and large institutions have $61.2M invested in Western Asset Global Corporate Defined Opportunity Fund in 2018 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 10 increasing their positions, 16 reducing their positions, and 6 closing their positions.
0% more funds holding
Funds holding: 37 → 37 (0)
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
0.01% less ownership
Funds ownership: 24.5% → 24.48% (-0.01%)
7% less capital invested
Capital invested by funds: $65.9M → $61.2M (-$4.67M)
38% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 16
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.06M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$818K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$494K |
| 4 |
Morgan Stanley
New York
|
+$474K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$452K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
-$686K |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$642K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$590K |
| 4 |
ACP
Aviance Capital Partners
Naples,
Florida
|
-$467K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$448K |
GDO Hedge Fund Activity: Q1 2018 in Review
37 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q1 2018, worth a combined $61.2M — down 7.1% from $65.9M a quarter earlier.
Fund positioning in GDO was balanced in Q1 2018: 6 funds opened new positions, 6 closed out, 10 added to existing stakes and 16 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $1.06M. The largest seller was Proficio Capital Partners, exiting entirely with an estimated $686K sold.
- 37 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q1 2018, unchanged from Q4 2017.
- Funds reported $61.2M of Western Asset Global Corporate Defined Opportunity Fund stock for Q1 2018, down 7.1% quarter-over-quarter.
- 6 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q1 2018 and 6 closed out, a net change of 0 holders.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q1 2018 was Rivernorth Capital Management, an estimated $1.06M added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q1 2018 was Proficio Capital Partners, an estimated $686K sold.
Based on aggregated 13F filings for Q1 2018.