Western Asset Global Corporate Defined Opportunity Fund
34 hedge funds and large institutions have $67.4M invested in Western Asset Global Corporate Defined Opportunity Fund in 2019 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 11 reducing their positions, and 7 closing their positions.
36% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 11
1% less capital invested
Capital invested by funds: $68M → $67.4M (-$628K)
3% less ownership
Funds ownership: 30.4% → 27.39% (-3%)
11% less funds holding
Funds holding: 38 → 34 (-4)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$2.81M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.02M |
| 3 |
Morgan Stanley
New York
|
+$402K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$369K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$302K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$4.29M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.58M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$470K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$389K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$294K |
GDO Hedge Fund Activity: Q1 2019 in Review
34 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q1 2019, worth a combined $67.4M — down 0.92% from $68M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of GDO and 4 opened new positions — a net loss of 3 holders — while 11 trimmed existing stakes and 15 added.
The largest buyer was Baird Financial Group, opening a new position worth an estimated $2.81M. The largest seller was Wells Fargo, cutting an estimated $4.29M.
- 34 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q1 2019, down from 38 in Q4 2018.
- Funds reported $67.4M of Western Asset Global Corporate Defined Opportunity Fund stock for Q1 2019, down 0.92% quarter-over-quarter.
- 4 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q1 2019 and 7 closed out, a net change of -3 holders.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q1 2019 was Baird Financial Group, an estimated $2.81M added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q1 2019 was Wells Fargo, an estimated $4.29M sold.
Based on aggregated 13F filings for Q1 2019.