Western Asset Global Corporate Defined Opportunity Fund
36 hedge funds and large institutions have $66.8M invested in Western Asset Global Corporate Defined Opportunity Fund in 2019 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 12 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
33% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 12
6% more funds holding
Funds holding: 34 → 36 (+2)
0.08% more ownership
Funds ownership: 27.39% → 27.48% (+0.08%)
1% less capital invested
Capital invested by funds: $67.4M → $66.8M (-$543K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.95M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.27M |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$871K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$715K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$474K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$2.64M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$2.14M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$334K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$185K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$131K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CAN
26
Cetera Advisor Networks
El Segundo,
California
| $274K | +$369 | +22 | +0.1% |
|
|
IHL
27
Investment House LLC
Redondo Beach,
California
| $197K | +$193K | +11,500 | New |
|
28
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $145K | -$53.5K | -3,188 | -28% |
|
29
Citigroup
New York
| $43K | -$990 | -59 | -2% |
|
|
SPIA
30
Steward Partners Investment Advisory
New York
| $42K | +$41.9K | +2,500 | New |
|
|
MGIA
31
Moneta Group Investment Advisors
St Louis,
Missouri
| $31K | -$1.26K | -75 | -4% |
|
|
GWM
32
Geneos Wealth Management
Englewood,
Colorado
| $30K | – | – | – |
|
33
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $14K | – | – | – |
|
34
US Bancorp
Minneapolis,
Minnesota
| $6K | +$5.87K | +350 | New |
|
|
FIA
35
FNY Investment Advisers
New York
| $5K | +$671 | +40 | +14% |
|
|
RCM
36
Rivernorth Capital Management
West Palm Beach,
Florida
| $3.58K | -$35.1K | -2,091 | -1% |
|
|
37
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$185K | -11,234 | Closed |
|
GDO Hedge Fund Activity: Q2 2019 in Review
36 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q2 2019, worth a combined $66.8M — down 0.81% from $67.4M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new GDO positions and 1 closed out — a net gain of 3 holders — while 16 added to existing stakes and 12 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.95M. The largest seller was Bank of America, cutting an estimated $2.64M.
- 36 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q2 2019, up from 34 in Q1 2019.
- Funds reported $66.8M of Western Asset Global Corporate Defined Opportunity Fund stock for Q2 2019, down 0.81% quarter-over-quarter.
- 4 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q2 2019 and 1 closed out, a net change of +3 holders.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q2 2019 was Morgan Stanley, an estimated $1.95M added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q2 2019 was Bank of America, an estimated $2.64M sold.
Based on aggregated 13F filings for Q2 2019.