Western Asset Global Corporate Defined Opportunity Fund
36 hedge funds and large institutions have $79M invested in Western Asset Global Corporate Defined Opportunity Fund in 2020 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 13 increasing their positions, 13 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
33% more capital invested
Capital invested by funds: $59.2M → $79M (+$19.8M)
9% more funds holding
Funds holding: 33 → 36 (+3)
2.4% more ownership
Funds ownership: 29.89% → 32.29% (+2.4%)
0% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$2.8M |
| 2 |
BlackRock
New York
|
+$2.79M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$2.05M |
| 4 |
Morgan Stanley
New York
|
+$753K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$209K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$2.63M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$356K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$204K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$129K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$127K |
GDO Hedge Fund Activity: Q2 2020 in Review
36 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q2 2020, worth a combined $79M — up 33% from $59.2M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new GDO positions and 3 closed out — a net gain of 3 holders — while 13 added to existing stakes and 13 trimmed.
The largest buyer was Punch & Associates Investment Management, adding an estimated $2.8M. The largest seller was Osaic Holdings, cutting an estimated $2.63M.
- 36 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q2 2020, up from 33 in Q1 2020.
- Funds reported $79M of Western Asset Global Corporate Defined Opportunity Fund stock for Q2 2020, up 33% quarter-over-quarter.
- 6 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q2 2020 and 3 closed out, a net change of +3 holders.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q2 2020 was Punch & Associates Investment Management, an estimated $2.8M added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q2 2020 was Osaic Holdings, an estimated $2.63M sold.
Based on aggregated 13F filings for Q2 2020.