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GDO

Western Asset Global Corporate Defined Opportunity Fund
GDO

49 hedge funds and large institutions have $67.2M invested in Western Asset Global Corporate Defined Opportunity Fund in 2024 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 15 increasing their positions, 13 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 3

15% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 13

7% more funds holding

Funds holding: 46 → 49 (+3)

2.87% less ownership

Funds ownership: 38.93% → 36.06% (-2.9%)

9% less capital invested

Capital invested by funds: $74.2M → $67.2M (-$6.99M)

Holders
49
Holders Change
+3
Holders Change %
+6.52%
% of All Funds
0.71%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
15
Reduced
13
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$1.17M
2
PAIM
Punch & Associates Investment Management
Minnesota
+$819K
3
PI
PFG Investments
New York
+$467K
4
FC
FCA Corp
Texas
+$444K
5
GC
Guggenheim Capital
Illinois
+$396K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$7.61M
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$538K
3
MGAM
McGowan Group Asset Management
Texas
-$341K
4
EWA
Emergent Wealth Advisors
New York
-$289K
5
Ameriprise
Ameriprise
Minnesota
-$137K
Name Holding Trade Value Shares
Change 		Change in
Stake
LCM
26
Landscape Capital Management
New Jersey
$251K +$29.5K +2,349 +13%
IAIM
27
International Assets Investment Management
Florida
$208K – – –
Royal Bank of Canada
28
Royal Bank of Canada
Ontario, Canada
$175K -$6.28K -500 -3%
NS
29
NBC Securities
Alabama
$174K -$38.8K -3,092 -18%
Cetera Investment Advisers
30
Cetera Investment Advisers
Illinois
$163K +$164K +13,084 New
Envestnet Asset Management
31
Envestnet Asset Management
Illinois
$163K +$2.14K +170 +1%
CAN
32
Cetera Advisor Networks
California
$151K +$152K +12,076 New
Osaic Holdings
33
Osaic Holdings
Arizona
$150K +$27.4K +2,181 +22%
PNC Financial Services Group
34
PNC Financial Services Group
Pennsylvania
$147K +$47.7K +3,800 +48%
IHL
35
Investment House LLC
California
$134K -$6.28K -500 -4%
Northwestern Mutual Wealth Management
36
Northwestern Mutual Wealth Management
Wisconsin
$39.2K +$628 +50 +2%
Comerica Bank
37
Comerica Bank
Texas
$34.9K – – –
GJWM
38
Gilliland Jeter Wealth Management
Arkansas
$33.1K +$33.3K +2,654 New
Bessemer Group
39
Bessemer Group
New Jersey
$29K – – –
SPIA
40
Steward Partners Investment Advisory
New York
$23.1K – – –
SWM
41
Spire Wealth Management
Virginia
$18.3K – – –
HCM
42
Hollencrest Capital Management
California
$13.2K – – –
AWM
43
Atticus Wealth Management
Florida
$10.5K – – –
HGERS
44
Householder Group Estate & Retirement Specialist
Arizona
$9.23K – – –
IRC
45
Investors Research Corp
Georgia
$6.91K – – –
GWM
46
Geneos Wealth Management
Colorado
$6.43K – – –
FFA
47
Farther Finance Advisors
California
$6.22K – – –
FIA
48
FNY Investment Advisers
New York
$14 +$15.1K +1,200 New
MGAM
49
McGowan Group Asset Management
Texas
– -$341K -26,732 Closed
EWA
50
Emergent Wealth Advisors
New York
– -$289K -22,670 Closed
1
2
3

GDO Hedge Fund Activity: Q1 2024 in Review

49 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q1 2024, worth a combined $67.2M — down 9.4% from $74.2M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new GDO positions and 3 closed out — a net gain of 3 holders — while 15 added to existing stakes and 13 trimmed.

The largest buyer was Jane Street, opening a new position worth an estimated $1.17M. The largest seller was Morgan Stanley, cutting an estimated $7.61M.

  • 49 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q1 2024, up from 46 in Q4 2023.
  • Funds reported $67.2M of Western Asset Global Corporate Defined Opportunity Fund stock for Q1 2024, down 9.4% quarter-over-quarter.
  • 6 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q1 2024 and 3 closed out, a net change of +3 holders.
  • The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q1 2024 was Jane Street, an estimated $1.17M added.
  • The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q1 2024 was Morgan Stanley, an estimated $7.61M sold.

Based on aggregated 13F filings for Q1 2024.