Western Asset Global Corporate Defined Opportunity Fund
45 hedge funds and large institutions have $49.9M invested in Western Asset Global Corporate Defined Opportunity Fund in 2022 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 11 increasing their positions, 14 reducing their positions, and 5 closing their positions.
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
2% more funds holding
Funds holding: 44 → 45 (+1)
0.49% less ownership
Funds ownership: 30.42% → 29.93% (-0.49%)
19% less capital invested
Capital invested by funds: $61.7M → $49.9M (-$11.8M)
21% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$1.48M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$687K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$491K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$268K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$236K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$1.78M |
| 2 |
Morgan Stanley
New York
|
-$1.42M |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$545K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$218K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$212K |
GDO Hedge Fund Activity: Q3 2022 in Review
45 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q3 2022, worth a combined $49.9M — down 19% from $61.7M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new GDO positions and 5 closed out — a net gain of 1 holder — while 11 added to existing stakes and 14 trimmed.
The largest buyer was Punch & Associates Investment Management, adding an estimated $1.48M. The largest seller was Invesco, exiting entirely with an estimated $1.78M sold.
- 45 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q3 2022, up from 44 in Q2 2022.
- Funds reported $49.9M of Western Asset Global Corporate Defined Opportunity Fund stock for Q3 2022, down 19% quarter-over-quarter.
- 6 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q3 2022 and 5 closed out, a net change of +1 holder.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q3 2022 was Punch & Associates Investment Management, an estimated $1.48M added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q3 2022 was Invesco, an estimated $1.78M sold.
Based on aggregated 13F filings for Q3 2022.