Western Asset Global Corporate Defined Opportunity Fund
37 hedge funds and large institutions have $69.4M invested in Western Asset Global Corporate Defined Opportunity Fund in 2017 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 17 increasing their positions, 9 reducing their positions, and 6 closing their positions.
89% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 9
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4.35% less ownership
Funds ownership: 29.75% → 25.4% (-4.4%)
10% less funds holding
Funds holding: 41 → 37 (-4)
13% less capital invested
Capital invested by funds: $79.5M → $69.4M (-$10M)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$807K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$382K |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$272K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$269K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$265K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$6M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$3.98M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.59M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$631K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$505K |
GDO Hedge Fund Activity: Q3 2017 in Review
37 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q3 2017, worth a combined $69.4M — down 13% from $79.5M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of GDO and 2 opened new positions — a net loss of 4 holders — while 9 trimmed existing stakes and 17 added.
The largest buyer was Morgan Stanley, adding an estimated $807K. The largest seller was Wells Fargo, cutting an estimated $6M.
- 37 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q3 2017, down from 41 in Q2 2017.
- Funds reported $69.4M of Western Asset Global Corporate Defined Opportunity Fund stock for Q3 2017, down 13% quarter-over-quarter.
- 2 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q3 2017 and 6 closed out, a net change of -4 holders.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q3 2017 was Morgan Stanley, an estimated $807K added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q3 2017 was Wells Fargo, an estimated $6M sold.
Based on aggregated 13F filings for Q3 2017.