Western Asset Global Corporate Defined Opportunity Fund
42 hedge funds and large institutions have $81.9M invested in Western Asset Global Corporate Defined Opportunity Fund in 2020 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 18 increasing their positions, 10 reducing their positions, and 4 closing their positions.
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
80% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 10
11% more funds holding
Funds holding: 38 → 42 (+4)
7% more capital invested
Capital invested by funds: $76.4M → $81.9M (+$5.45M)
0.02% more ownership
Funds ownership: 30.26% → 30.28% (+0.02%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$326K |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$306K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$290K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$240K |
| 5 |
VCM
Virtue Capital Management
Brentwood,
Tennessee
|
+$236K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FC
FCA Corp
Houston,
Texas
|
-$773K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$598K |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$474K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$377K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$266K |
GDO Hedge Fund Activity: Q4 2020 in Review
42 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q4 2020, worth a combined $81.9M — up 7.1% from $76.4M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new GDO positions and 4 closed out — a net gain of 4 holders — while 18 added to existing stakes and 10 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $326K. The largest seller was FCA Corp, cutting an estimated $773K.
- 42 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q4 2020, up from 38 in Q3 2020.
- Funds reported $81.9M of Western Asset Global Corporate Defined Opportunity Fund stock for Q4 2020, up 7.1% quarter-over-quarter.
- 8 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q4 2020 and 4 closed out, a net change of +4 holders.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q4 2020 was Morgan Stanley, an estimated $326K added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q4 2020 was FCA Corp, an estimated $773K sold.
Based on aggregated 13F filings for Q4 2020.