Western Asset Global Corporate Defined Opportunity Fund
44 hedge funds and large institutions have $61.7M invested in Western Asset Global Corporate Defined Opportunity Fund in 2022 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 13 reducing their positions, and 9 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 13
0.13% less ownership
Funds ownership: 30.55% → 30.42% (-0.13%)
9% less capital invested
Capital invested by funds: $67.8M → $61.7M (-$6.15M)
10% less funds holding
Funds holding: 49 → 44 (-5)
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$4.43M |
| 2 |
CCM
Covington Capital Management
Los Angeles,
California
|
+$1.29M |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$401K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$156K |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$146K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$1.16M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
-$414K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$404K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$298K |
| 5 |
CHAM
Clear Harbor Asset Management
Stamford,
Connecticut
|
-$298K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MCC
51
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$35K | -2,374 | Closed |
|
|
HA
52
Herold Advisors
New York
| – | -$7.43K | -500 | Closed |
|
53
Koshinski Asset Management
Decatur,
Illinois
| – | -$5.7K | -383 | Closed |
|
54
Fidelity Investments
Boston,
Massachusetts
| – | +$14 | +1 | New |
|
GDO Hedge Fund Activity: Q2 2022 in Review
44 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q2 2022, worth a combined $61.7M — down 9.1% from $67.8M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of GDO and 5 opened new positions — a net loss of 4 holders — while 13 trimmed existing stakes and 16 added.
The largest buyer was Morgan Stanley, adding an estimated $4.43M. The largest seller was Allspring Global Investments, cutting an estimated $1.16M.
- 44 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q2 2022, down from 49 in Q1 2022.
- Funds reported $61.7M of Western Asset Global Corporate Defined Opportunity Fund stock for Q2 2022, down 9.1% quarter-over-quarter.
- 5 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q2 2022 and 9 closed out, a net change of -4 holders.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q2 2022 was Morgan Stanley, an estimated $4.43M added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q2 2022 was Allspring Global Investments, an estimated $1.16M sold.
Based on aggregated 13F filings for Q2 2022.