Western Asset Global Corporate Defined Opportunity Fund
34 hedge funds and large institutions have $64.1M invested in Western Asset Global Corporate Defined Opportunity Fund in 2018 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 17 increasing their positions, 9 reducing their positions, and 6 closing their positions.
89% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 9
1.84% more ownership
Funds ownership: 24.65% → 26.49% (+1.8%)
4% more capital invested
Capital invested by funds: $61.7M → $64.1M (+$2.4M)
6% less funds holding
Funds holding: 36 → 34 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$562K |
| 2 |
Koshinski Asset Management
Decatur,
Illinois
|
+$557K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$535K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$528K |
| 5 |
CHAM
Clear Harbor Asset Management
Stamford,
Connecticut
|
+$477K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$202K |
| 2 |
LPL Financial
San Diego,
California
|
-$177K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$110K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$80.6K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$65.9K |
GDO Hedge Fund Activity: Q3 2018 in Review
34 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q3 2018, worth a combined $64.1M — up 3.9% from $61.7M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of GDO and 4 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 17 added.
The largest buyer was Ladenburg Thalmann Financial Services, adding an estimated $562K. The largest seller was Clough Capital Partners, exiting entirely with an estimated $202K sold.
- 34 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q3 2018, down from 36 in Q2 2018.
- Funds reported $64.1M of Western Asset Global Corporate Defined Opportunity Fund stock for Q3 2018, up 3.9% quarter-over-quarter.
- 4 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q3 2018 and 6 closed out, a net change of -2 holders.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q3 2018 was Ladenburg Thalmann Financial Services, an estimated $562K added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q3 2018 was Clough Capital Partners, an estimated $202K sold.
Based on aggregated 13F filings for Q3 2018.