Western Asset Global Corporate Defined Opportunity Fund
37 hedge funds and large institutions have $73.9M invested in Western Asset Global Corporate Defined Opportunity Fund in 2013 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 17 increasing their positions, 8 reducing their positions, and 5 closing their positions.
113% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 8
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
16% more capital invested
Capital invested by funds: $63.4M → $73.9M (+$10.4M)
6% more funds holding
Funds holding: 35 → 37 (+2)
4.32% more ownership
Funds ownership: 22.57% → 26.9% (+4.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$3.26M |
| 2 |
SCM
Saba Capital Management
New York
|
+$3.03M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.95M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$2.36M |
| 5 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$2.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$1.57M |
| 2 |
Morgan Stanley
New York
|
-$1.36M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.35M |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$802K |
| 5 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$727K |
GDO Hedge Fund Activity: Q3 2013 in Review
37 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q3 2013, worth a combined $73.9M — up 16% from $63.4M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new GDO positions and 5 closed out — a net gain of 2 holders — while 17 added to existing stakes and 8 trimmed.
The largest buyer was 1607 Capital Partners, adding an estimated $3.26M. The largest seller was Invesco, cutting an estimated $1.57M.
- 37 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q3 2013, up from 35 in Q2 2013.
- Funds reported $73.9M of Western Asset Global Corporate Defined Opportunity Fund stock for Q3 2013, up 16% quarter-over-quarter.
- 7 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q3 2013 and 5 closed out, a net change of +2 holders.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q3 2013 was 1607 Capital Partners, an estimated $3.26M added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q3 2013 was Invesco, an estimated $1.57M sold.
Based on aggregated 13F filings for Q3 2013.