Western Asset Global Corporate Defined Opportunity Fund
38 hedge funds and large institutions have $101M invested in Western Asset Global Corporate Defined Opportunity Fund in 2015 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 13 reducing their positions, and 7 closing their positions.
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
3% more funds holding
Funds holding: 37 → 38 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 13
5% less capital invested
Capital invested by funds: $106M → $101M (-$5.16M)
2.08% less ownership
Funds ownership: 44.08% → 42% (-2.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$818K |
| 2 |
LPL Financial
San Diego,
California
|
+$770K |
| 3 |
FC
FCA Corp
Houston,
Texas
|
+$344K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$322K |
| 5 |
SG Americas Securities
New York
|
+$303K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
-$2.28M |
| 2 |
SCM
Saba Capital Management
New York
|
-$2.02M |
| 3 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$1.01M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$602K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$512K |
GDO Hedge Fund Activity: Q4 2015 in Review
38 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q4 2015, worth a combined $101M — down 4.9% from $106M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new GDO positions and 7 closed out — a net gain of 1 holder — while 13 added to existing stakes and 13 trimmed.
The largest buyer was Curi RMB Capital, opening a new position worth an estimated $818K. The largest seller was Relative Value Partners Group, exiting entirely with an estimated $2.28M sold.
- 38 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q4 2015, up from 37 in Q3 2015.
- Funds reported $101M of Western Asset Global Corporate Defined Opportunity Fund stock for Q4 2015, down 4.9% quarter-over-quarter.
- 8 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q4 2015 and 7 closed out, a net change of +1 holder.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q4 2015 was Curi RMB Capital, an estimated $818K added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q4 2015 was Relative Value Partners Group, an estimated $2.28M sold.
Based on aggregated 13F filings for Q4 2015.