Western Asset Global Corporate Defined Opportunity Fund
GDO
46 hedge funds and large institutions have $60.3M invested in Western Asset Global Corporate Defined Opportunity Fund in 2023 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 13 increasing their positions, 15 reducing their positions, and 4 closing their positions.
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
2% more funds holding
Funds holding: 45 → 46 (+1)
0.63% more ownership
Funds ownership: 32.42% → 33.05% (+0.63%)
3% less capital invested
Capital invested by funds: $61.9M → $60.3M (-$1.58M)
13% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.59M |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$300K |
| 3 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
+$280K |
| 4 |
FC
FCA Corp
Houston,
Texas
|
+$243K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$234K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.24M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$842K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$502K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$480K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$412K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
AssetMark Inc
Concord,
California
| – | -$1.12K | -88 | Closed |
|
GDO Hedge Fund Activity: Q1 2023 in Review
46 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q1 2023, worth a combined $60.3M — down 2.5% from $61.9M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new GDO positions and 4 closed out — a net gain of 1 holder — while 13 added to existing stakes and 15 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $3.59M. The largest seller was Morgan Stanley, cutting an estimated $1.24M.
- 46 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q1 2023, up from 45 in Q4 2022.
- Funds reported $60.3M of Western Asset Global Corporate Defined Opportunity Fund stock for Q1 2023, down 2.5% quarter-over-quarter.
- 5 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q1 2023 and 4 closed out, a net change of +1 holder.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q1 2023 was Sit Investment Associates, an estimated $3.59M added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q1 2023 was Morgan Stanley, an estimated $1.24M sold.
Based on aggregated 13F filings for Q1 2023.