Western Asset Global Corporate Defined Opportunity Fund
GDO
34 hedge funds and large institutions have $74.3M invested in Western Asset Global Corporate Defined Opportunity Fund in 2019 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 15 increasing their positions, 13 reducing their positions, and 3 closing their positions.
15% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 13
6% more capital invested
Capital invested by funds: $70.2M → $74.3M (+$4.11M)
0% more funds holding
Funds holding: 34 → 34 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
0.74% less ownership
Funds ownership: 28.03% → 27.28% (-0.74%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$693K |
| 2 |
Morgan Stanley
New York
|
+$605K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$539K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$464K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$449K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$1.17M |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$653K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$433K |
| 4 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
-$240K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$228K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $223K | +$174K | +9,920 | +423% |
|
|
RJT
27
Raymond James Trust
St. Petersburg,
Florida
| $187K | +$180K | +10,245 | New |
|
28
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $146K | -$7.03K | -401 | -5% |
|
|
SPIA
29
Steward Partners Investment Advisory
New York
| $141K | – | – | – |
|
|
FIA
30
FNY Investment Advisers
New York
| $113K | -$6.03K | -344 | -5% |
|
|
GWM
31
Geneos Wealth Management
Englewood,
Colorado
| $57K | – | – | – |
|
|
RIA
32
Realta Investment Advisors
Wilmington,
Delaware
| $21K | +$21K | +1,200 | New |
|
|
AWM
33
Atticus Wealth Management
Palm Beach Gardens,
Florida
| $16K | +$15.1K | +860 | New |
|
|
RCM
34
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$2.73K | -156,495 | Closed |
|
|
35
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$653K | -37,477 | Closed |
|
|
SFS
36
Shaker Financial Services
Arlington,
Virginia
| – | -$433K | -24,855 | Closed |
|
|
SFS
37
Sowell Financial Services
North Little Rock,
Arkansas
| – | -$245 | -14 | -64% |
|
GDO Hedge Fund Activity: Q4 2019 in Review
34 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q4 2019, worth a combined $74.3M — up 5.8% from $70.2M a quarter earlier.
Fund positioning in GDO was balanced in Q4 2019: 3 funds opened new positions, 3 closed out, 15 added to existing stakes and 13 trimmed.
The largest buyer was UBS Group, adding an estimated $693K. The largest seller was Ladenburg Thalmann Financial Services, cutting an estimated $1.17M.
- 34 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q4 2019, unchanged from Q3 2019.
- Funds reported $74.3M of Western Asset Global Corporate Defined Opportunity Fund stock for Q4 2019, up 5.8% quarter-over-quarter.
- 3 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q4 2019 and 3 closed out, a net change of 0 holders.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q4 2019 was UBS Group, an estimated $693K added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q4 2019 was Ladenburg Thalmann Financial Services, an estimated $1.17M sold.
Based on aggregated 13F filings for Q4 2019.