Western Asset Global Corporate Defined Opportunity Fund
38 hedge funds and large institutions have $68M invested in Western Asset Global Corporate Defined Opportunity Fund in 2018 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 9 increasing their positions, 18 reducing their positions, and 5 closing their positions.
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
12% more funds holding
Funds holding: 34 → 38 (+4)
6% more capital invested
Capital invested by funds: $64.1M → $68M (+$3.91M)
3.91% more ownership
Funds ownership: 26.49% → 30.4% (+3.9%)
50% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$4.45M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.34M |
| 3 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$2.05M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.48M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$616K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.25M |
| 2 |
Koshinski Asset Management
Decatur,
Illinois
|
-$1.4M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$799K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$520K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$458K |
GDO Hedge Fund Activity: Q4 2018 in Review
38 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q4 2018, worth a combined $68M — up 6.1% from $64.1M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new GDO positions and 5 closed out — a net gain of 4 holders — while 9 added to existing stakes and 18 trimmed.
The largest buyer was Wells Fargo, adding an estimated $4.45M. The largest seller was Morgan Stanley, cutting an estimated $2.25M.
- 38 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q4 2018, up from 34 in Q3 2018.
- Funds reported $68M of Western Asset Global Corporate Defined Opportunity Fund stock for Q4 2018, up 6.1% quarter-over-quarter.
- 9 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q4 2018 and 5 closed out, a net change of +4 holders.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q4 2018 was Wells Fargo, an estimated $4.45M added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q4 2018 was Morgan Stanley, an estimated $2.25M sold.
Based on aggregated 13F filings for Q4 2018.