Western Asset Global Corporate Defined Opportunity Fund
33 hedge funds and large institutions have $114M invested in Western Asset Global Corporate Defined Opportunity Fund in 2015 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 12 reducing their positions, and 6 closing their positions.
85% more capital inflows, than outflows
Capital inflows: $11.3M | Capital outflows: $6.11M
0.79% more ownership
Funds ownership: 42.84% → 43.63% (+0.79%)
0% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 12
13% less funds holding
Funds holding: 38 → 33 (-5)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$5.54M |
| 2 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$1.56M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$474K |
| 4 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
+$436K |
| 5 |
Landscape Capital Management
Englewood,
New Jersey
|
+$432K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Saba Capital Management
New York
|
-$4.36M |
| 2 |
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$362K |
| 3 |
AQR Arbitrage
Greenwich,
Connecticut
|
-$225K |
| 4 |
Raymond James & Associates
St Petersburg,
Florida
|
-$209K |
| 5 |
Curi RMB Capital
Chicago,
Illinois
|
-$188K |
GDO Hedge Fund Activity: Q2 2015 in Review
33 of the 3,730 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q2 2015, worth a combined $114M — down 1.3% from $115M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of GDO and 2 opened new positions — a net loss of 4 holders — while 12 trimmed existing stakes and 12 added.
The largest buyer was Wells Fargo, adding an estimated $5.54M. The largest seller was Saba Capital Management, cutting an estimated $4.36M.
- 33 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q2 2015, down from 38 in Q1 2015.
- Funds reported $114M of Western Asset Global Corporate Defined Opportunity Fund stock for Q2 2015, down 1.3% quarter-over-quarter.
- 2 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q2 2015 and 6 closed out, a net change of -4 holders.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q2 2015 was Wells Fargo, an estimated $5.54M added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q2 2015 was Saba Capital Management, an estimated $4.36M sold.
Based on aggregated 13F filings for Q2 2015.