Western Asset Global Corporate Defined Opportunity Fund
34 hedge funds and large institutions have $74.3M invested in Western Asset Global Corporate Defined Opportunity Fund in 2019 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 15 increasing their positions, 13 reducing their positions, and 3 closing their positions.
15% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 13
0% more funds holding
Funds holding: 34 → 34 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
0.74% less ownership
Funds ownership: 28.03% → 27.28% (-0.74%)
31% less capital inflows, than outflows
Capital inflows: $4.19M | Capital outflows: $6.11M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$693K |
| 2 |
Morgan Stanley
New York
|
+$605K |
| 3 |
Raymond James & Associates
St Petersburg,
Florida
|
+$539K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$464K |
| 5 |
Guggenheim Capital
Chicago,
Illinois
|
+$449K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.73M |
| 2 |
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$1.17M |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$653K |
| 4 |
Shaker Financial Services
Arlington,
Virginia
|
-$433K |
| 5 |
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
-$240K |
GDO Hedge Fund Activity: Q4 2019 in Review
34 of the 5,094 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q4 2019, worth a combined $74.3M — up 1.9% from $72.9M a quarter earlier.
Fund positioning in GDO was balanced in Q4 2019: 3 funds opened new positions, 3 closed out, 15 added to existing stakes and 13 trimmed.
The largest buyer was UBS Group, adding an estimated $693K. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $2.73M sold.
- 34 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q4 2019, unchanged from Q3 2019.
- Funds reported $74.3M of Western Asset Global Corporate Defined Opportunity Fund stock for Q4 2019, up 1.9% quarter-over-quarter.
- 3 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q4 2019 and 3 closed out, a net change of 0 holders.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q4 2019 was UBS Group, an estimated $693K added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q4 2019 was Rivernorth Capital Management, an estimated $2.73M sold.
Based on aggregated 13F filings for Q4 2019.