Western Asset Global Corporate Defined Opportunity Fund
GDO
37 hedge funds and large institutions have $83M invested in Western Asset Global Corporate Defined Opportunity Fund in 2016 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 14 reducing their positions, and 6 closing their positions.
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
3% more funds holding
Funds holding: 36 → 37 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less capital invested
Capital invested by funds: $85.8M → $83M (-$2.82M)
7% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 14
2.3% less ownership
Funds ownership: 33.64% → 31.34% (-2.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$989K |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$898K |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$280K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$273K |
| 5 |
Morgan Stanley
New York
|
+$211K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$2.76M |
| 2 |
SCM
Saba Capital Management
New York
|
-$1.51M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.34M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$881K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$809K |
GDO Hedge Fund Activity: Q3 2016 in Review
37 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q3 2016, worth a combined $83M — down 3.3% from $85.8M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new GDO positions and 6 closed out — a net gain of 1 holder — while 13 added to existing stakes and 14 trimmed.
The largest buyer was UBS Group, adding an estimated $989K. The largest seller was 1607 Capital Partners, cutting an estimated $2.76M.
- 37 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q3 2016, up from 36 in Q2 2016.
- Funds reported $83M of Western Asset Global Corporate Defined Opportunity Fund stock for Q3 2016, down 3.3% quarter-over-quarter.
- 7 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q3 2016 and 6 closed out, a net change of +1 holder.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q3 2016 was UBS Group, an estimated $989K added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q3 2016 was 1607 Capital Partners, an estimated $2.76M sold.
Based on aggregated 13F filings for Q3 2016.