Western Asset Global Corporate Defined Opportunity Fund
GDO
37 hedge funds and large institutions have $65.9M invested in Western Asset Global Corporate Defined Opportunity Fund in 2017 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 12 reducing their positions, and 4 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 12
0% more funds holding
Funds holding: 37 → 37 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
0.9% less ownership
Funds ownership: 25.4% → 24.5% (-0.9%)
5% less capital invested
Capital invested by funds: $69.4M → $65.9M (-$3.57M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$700K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$266K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$256K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$222K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$207K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$2.54M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$529K |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$390K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$371K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$286K |
GDO Hedge Fund Activity: Q4 2017 in Review
37 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q4 2017, worth a combined $65.9M — down 5.1% from $69.4M a quarter earlier.
Fund positioning in GDO was balanced in Q4 2017: 4 funds opened new positions, 4 closed out, 16 added to existing stakes and 12 trimmed.
The largest buyer was UBS Group, adding an estimated $700K. The largest seller was Wells Fargo, cutting an estimated $2.54M.
- 37 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q4 2017, unchanged from Q3 2017.
- Funds reported $65.9M of Western Asset Global Corporate Defined Opportunity Fund stock for Q4 2017, down 5.1% quarter-over-quarter.
- 4 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q4 2017 and 4 closed out, a net change of 0 holders.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q4 2017 was UBS Group, an estimated $700K added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q4 2017 was Wells Fargo, an estimated $2.54M sold.
Based on aggregated 13F filings for Q4 2017.