Western Asset Global Corporate Defined Opportunity Fund
34 hedge funds and large institutions have $70.2M invested in Western Asset Global Corporate Defined Opportunity Fund in 2019 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 19 increasing their positions, 12 reducing their positions, and 3 closing their positions.
58% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 12
5% more capital invested
Capital invested by funds: $66.8M → $70.2M (+$3.37M)
0.55% more ownership
Funds ownership: 27.48% → 28.03% (+0.55%)
6% less funds holding
Funds holding: 36 → 34 (-2)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.2M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$543K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$483K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$453K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$316K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$906K |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$872K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$748K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$481K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$281K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IHL
26
Investment House LLC
Redondo Beach,
California
| $279K | +$77.6K | +4,500 | +39% |
|
|
CAN
27
Cetera Advisor Networks
El Segundo,
California
| $276K | -$2.6K | -151 | -0.9% |
|
28
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $147K | +$121 | +7 | +0.1% |
|
|
SPIA
29
Steward Partners Investment Advisory
New York
| $135K | +$90.5K | +5,250 | +210% |
|
|
FIA
30
FNY Investment Advisers
New York
| $114K | +$108K | +6,240 | +1,926% |
|
|
GWM
31
Geneos Wealth Management
Englewood,
Colorado
| $56K | +$25K | +1,450 | +82% |
|
32
Citigroup
New York
| $41K | -$2.26K | -131 | -5% |
|
|
RCM
33
Rivernorth Capital Management
West Palm Beach,
Florida
| $2.73K | -$906K | -52,533 | -25% |
|
|
MGIA
34
Moneta Group Investment Advisors
St Louis,
Missouri
| – | -$31K | -1,808 | Closed |
|
35
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$14K | -836 | Closed |
|
36
US Bancorp
Minneapolis,
Minnesota
| – | -$6K | -350 | Closed |
|
|
SFS
37
Sowell Financial Services
North Little Rock,
Arkansas
| – | +$379 | +22 | New |
|
GDO Hedge Fund Activity: Q3 2019 in Review
34 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q3 2019, worth a combined $70.2M — up 5% from $66.8M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of GDO and 1 opened new positions — a net loss of 2 holders — while 12 trimmed existing stakes and 19 added.
The largest buyer was Morgan Stanley, adding an estimated $2.2M. The largest seller was Rivernorth Capital Management, cutting an estimated $906K.
- 34 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q3 2019, down from 36 in Q2 2019.
- Funds reported $70.2M of Western Asset Global Corporate Defined Opportunity Fund stock for Q3 2019, up 5% quarter-over-quarter.
- 1 fund opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q3 2019 and 3 closed out, a net change of -2 holders.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q3 2019 was Morgan Stanley, an estimated $2.2M added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q3 2019 was Rivernorth Capital Management, an estimated $906K sold.
Based on aggregated 13F filings for Q3 2019.