Western Asset Global Corporate Defined Opportunity Fund
GDO
38 hedge funds and large institutions have $76.4M invested in Western Asset Global Corporate Defined Opportunity Fund in 2020 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 12 reducing their positions, and 5 closing their positions.
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
17% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 12
6% more funds holding
Funds holding: 36 → 38 (+2)
3% less capital invested
Capital invested by funds: $79M → $76.4M (-$2.61M)
2.03% less ownership
Funds ownership: 32.29% → 30.26% (-2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$3.02M |
| 2 |
FC
FCA Corp
Houston,
Texas
|
+$778K |
| 3 |
VCM
Virtue Capital Management
Brentwood,
Tennessee
|
+$777K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$499K |
| 5 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$248K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$6.38M |
| 2 |
BlackRock
New York
|
-$2.9M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$398K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$393K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$246K |
GDO Hedge Fund Activity: Q3 2020 in Review
38 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q3 2020, worth a combined $76.4M — down 3.3% from $79M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new GDO positions and 5 closed out — a net gain of 2 holders — while 14 added to existing stakes and 12 trimmed.
The largest buyer was City of London Investment Management, adding an estimated $3.02M. The largest seller was Wells Fargo, cutting an estimated $6.38M.
- 38 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q3 2020, up from 36 in Q2 2020.
- Funds reported $76.4M of Western Asset Global Corporate Defined Opportunity Fund stock for Q3 2020, down 3.3% quarter-over-quarter.
- 7 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q3 2020 and 5 closed out, a net change of +2 holders.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q3 2020 was City of London Investment Management, an estimated $3.02M added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q3 2020 was Wells Fargo, an estimated $6.38M sold.
Based on aggregated 13F filings for Q3 2020.