Western Asset Global Corporate Defined Opportunity Fund
GDO
37 hedge funds and large institutions have $106M invested in Western Asset Global Corporate Defined Opportunity Fund in 2015 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 11 increasing their positions, 13 reducing their positions, and 1 closing their positions.
500% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 1
12% more funds holding
Funds holding: 33 → 37 (+4)
0.45% more ownership
Funds ownership: 43.63% → 44.08% (+0.45%)
7% less capital invested
Capital invested by funds: $114M → $106M (-$7.67M)
15% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$4.49M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$867K |
| 3 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$865K |
| 4 |
CHAM
Clear Harbor Asset Management
Stamford,
Connecticut
|
+$504K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$500K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$3.62M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$647K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$557K |
| 4 |
SCM
Saba Capital Management
New York
|
-$470K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$462K |
GDO Hedge Fund Activity: Q3 2015 in Review
37 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q3 2015, worth a combined $106M — down 6.7% from $114M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new GDO positions and 1 closed out — a net gain of 5 holders — while 11 added to existing stakes and 13 trimmed.
The largest buyer was Wells Fargo, adding an estimated $4.49M. The largest seller was Bank of America, cutting an estimated $3.62M.
- 37 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q3 2015, up from 33 in Q2 2015.
- Funds reported $106M of Western Asset Global Corporate Defined Opportunity Fund stock for Q3 2015, down 6.7% quarter-over-quarter.
- 6 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q3 2015 and 1 closed out, a net change of +5 holders.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q3 2015 was Wells Fargo, an estimated $4.49M added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q3 2015 was Bank of America, an estimated $3.62M sold.
Based on aggregated 13F filings for Q3 2015.