Western Asset Global Corporate Defined Opportunity Fund
GDO
41 hedge funds and large institutions have $104M invested in Western Asset Global Corporate Defined Opportunity Fund in 2014 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 17 increasing their positions, 9 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
89% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 9
11% more capital invested
Capital invested by funds: $93.8M → $104M (+$10.2M)
8% more funds holding
Funds holding: 38 → 41 (+3)
3.4% more ownership
Funds ownership: 33.83% → 37.23% (+3.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$5.52M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$3.45M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1M |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
+$681K |
| 5 |
SG Americas Securities
New York
|
+$436K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.93M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$742K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$550K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$426K |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$365K |
GDO Hedge Fund Activity: Q1 2014 in Review
41 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q1 2014, worth a combined $104M — up 11% from $93.8M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new GDO positions and 2 closed out — a net gain of 3 holders — while 17 added to existing stakes and 9 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $5.52M. The largest seller was Guggenheim Capital, cutting an estimated $1.93M.
- 41 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q1 2014, up from 38 in Q4 2013.
- Funds reported $104M of Western Asset Global Corporate Defined Opportunity Fund stock for Q1 2014, up 11% quarter-over-quarter.
- 5 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q1 2014 and 2 closed out, a net change of +3 holders.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q1 2014 was Saba Capital Management, an estimated $5.52M added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q1 2014 was Guggenheim Capital, an estimated $1.93M sold.
Based on aggregated 13F filings for Q1 2014.