Western Asset Global Corporate Defined Opportunity Fund
33 hedge funds and large institutions have $59.2M invested in Western Asset Global Corporate Defined Opportunity Fund in 2020 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 10 reducing their positions, and 5 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 10
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
2.61% more ownership
Funds ownership: 27.28% → 29.89% (+2.6%)
3% less funds holding
Funds holding: 34 → 33 (-1)
20% less capital invested
Capital invested by funds: $74.3M → $59.2M (-$15.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$3.33M |
| 2 |
Cohen & Steers
New York
|
+$1.12M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$727K |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$574K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$569K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$1.2M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$655K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$612K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$360K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$280K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SPIA
26
Steward Partners Investment Advisory
New York
| $120K | +$17.7K | +1,043 | +13% |
|
27
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $110K | – | – | – |
|
|
GWM
28
Geneos Wealth Management
Englewood,
Colorado
| $34K | -$11.9K | -700 | -22% |
|
|
WAM
29
Wolverine Asset Management
Chicago,
Illinois
| $15K | +$19K | +1,120 | New |
|
|
APA
30
American Portfolios Advisors
Holbrook,
New York
| $12.4K | +$15.3K | +900 | New |
|
|
AWM
31
Atticus Wealth Management
Palm Beach Gardens,
Florida
| $12K | – | – | – |
|
32
Citigroup
New York
| $11K | -$194K | -11,396 | -93% |
|
33
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $3K | +$3.23K | +190 | New |
|
|
SIA
34
Sit Investment Associates
Minneapolis,
Minnesota
| – | -$655K | -35,943 | Closed |
|
|
35
Stifel Financial
St. Louis,
Missouri
| – | -$360K | -19,868 | Closed |
|
|
FIA
36
FNY Investment Advisers
New York
| – | -$113K | -6,220 | Closed |
|
|
RIA
37
Realta Investment Advisors
Wilmington,
Delaware
| – | -$21K | -1,200 | Closed |
|
GDO Hedge Fund Activity: Q1 2020 in Review
33 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q1 2020, worth a combined $59.2M — down 20% from $74.3M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new GDO positions and 5 closed out — a net gain of 1 holder — while 14 added to existing stakes and 10 trimmed.
The largest buyer was Punch & Associates Investment Management, opening a new position worth an estimated $3.33M. The largest seller was 1607 Capital Partners, cutting an estimated $1.2M.
- 33 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q1 2020, down from 34 in Q4 2019.
- Funds reported $59.2M of Western Asset Global Corporate Defined Opportunity Fund stock for Q1 2020, down 20% quarter-over-quarter.
- 6 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q1 2020 and 5 closed out, a net change of +1 holder.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q1 2020 was Punch & Associates Investment Management, an estimated $3.33M added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q1 2020 was 1607 Capital Partners, an estimated $1.2M sold.
Based on aggregated 13F filings for Q1 2020.