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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$1.17M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$819K |
| 3 |
PI
PFG Investments
Woodbury,
New York
|
+$467K |
| 4 |
FC
FCA Corp
Houston,
Texas
|
+$444K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$396K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$7.61M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$538K |
| 3 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
-$341K |
| 4 |
EWA
Emergent Wealth Advisors
Williamsville,
New York
|
-$289K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$137K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
JP Morgan Chase
New York
| – | -$37.9K | -2,969 | Closed |
|
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.