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GDO

Western Asset Global Corporate Defined Opportunity Fund
GDO

47 hedge funds and large institutions have $71.8M invested in Western Asset Global Corporate Defined Opportunity Fund in 2024 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 9 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

78% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 9

7% more capital invested

Capital invested by funds: $67.2M → $71.8M (+$4.56M)

3.26% more ownership

Funds ownership: 36.06% → 39.32% (+3.3%)

4% less funds holding

Funds holding: 49 → 47 (-2)

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

Holders
47
Holders Change
-2
Holders Change %
-4.08%
% of All Funds
0.68%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
16
Reduced
9
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$2.88M
2
AC
Almitas Capital
California
+$2.47M
3
AW
Atlas Wealth
Ohio
+$1.92M
4
SIA
Sit Investment Associates
Minnesota
+$1.01M
5
Allspring Global Investments
Allspring Global Investments
North Carolina
+$619K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.61M
2
SRC
Shufro Rose & Co
New York
-$574K
3
PI
PFG Investments
New York
-$464K
4
Bank of America
Bank of America
North Carolina
-$411K
5
MSAM
Moloney Securities Asset Management
Missouri
-$354K
Name Holding Trade Value Shares
Change 		Change in
Stake
KAS
26
Kestra Advisory Services
Texas
$257K -$9.87K -809 -4%
SA
27
Sanctuary Advisors
Indiana
$250K +$256K +20,935 New
IAIM
28
International Assets Investment Management
Florida
$204K – – –
NS
29
NBC Securities
Alabama
$175K +$4.15K +340 +2%
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$172K +$732 +60 +0.4%
Envestnet Asset Management
31
Envestnet Asset Management
Illinois
$163K +$3.94K +323 +2%
Cetera Investment Advisers
32
Cetera Investment Advisers
Illinois
$126K -$33.7K -2,761 -21%
Citadel Advisors
33
Citadel Advisors
Florida
$125K +$125K +10,263 New
Osaic Holdings
34
Osaic Holdings
Arizona
$78K -$68.3K -5,598 -47%
WIA
35
Wetzel Investment Advisors
Indiana
$74.9K +$73.2K +6,000 New
Northwestern Mutual Wealth Management
36
Northwestern Mutual Wealth Management
Wisconsin
$39.4K +$976 +80 +3%
Comerica Bank
37
Comerica Bank
Texas
$34.1K – – –
GJWM
38
Gilliland Jeter Wealth Management
Arkansas
$32.4K – – –
Bessemer Group
39
Bessemer Group
New Jersey
$28K – – –
SPIA
40
Steward Partners Investment Advisory
New York
$22.6K – – –
HCM
41
Hollencrest Capital Management
California
$12.9K – – –
AWM
42
Atticus Wealth Management
Florida
$10.3K – – –
HGERS
43
Householder Group Estate & Retirement Specialist
Arizona
$9K – – –
IRC
44
Investors Research Corp
Georgia
$6.76K – – –
GWM
45
Geneos Wealth Management
Colorado
$6.29K – – –
FFA
46
Farther Finance Advisors
California
$6.08K – – –
SRC
47
Shufro Rose & Co
New York
– -$574K -46,000 Closed
PI
48
PFG Investments
New York
– -$464K -37,188 Closed
MSAM
49
Moloney Securities Asset Management
Missouri
– -$354K -28,365 Closed
PNC Financial Services Group
50
PNC Financial Services Group
Pennsylvania
– -$147K -11,800 Closed
1
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GDO Hedge Fund Activity: Q2 2024 in Review

47 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q2 2024, worth a combined $71.8M — up 6.8% from $67.2M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of GDO and 6 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 16 added.

The largest buyer was Jane Street, adding an estimated $2.88M. The largest seller was Morgan Stanley, cutting an estimated $1.61M.

  • 47 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q2 2024, down from 49 in Q1 2024.
  • Funds reported $71.8M of Western Asset Global Corporate Defined Opportunity Fund stock for Q2 2024, up 6.8% quarter-over-quarter.
  • 6 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q2 2024 and 7 closed out, a net change of -1 holder.
  • The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q2 2024 was Jane Street, an estimated $2.88M added.
  • The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q2 2024 was Morgan Stanley, an estimated $1.61M sold.

Based on aggregated 13F filings for Q2 2024.