Western Asset Global Corporate Defined Opportunity Fund
45 hedge funds and large institutions have $81.8M invested in Western Asset Global Corporate Defined Opportunity Fund in 2021 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 18 increasing their positions, 13 reducing their positions, and 5 closing their positions.
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
38% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 13
7% more funds holding
Funds holding: 42 → 45 (+3)
0.81% more ownership
Funds ownership: 30.28% → 31.09% (+0.81%)
0% less capital invested
Capital invested by funds: $81.9M → $81.8M (-$49.6K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$3.48M |
| 2 |
SFS
Sowell Financial Services
North Little Rock,
Arkansas
|
+$1.12M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$975K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$628K |
| 5 |
Cohen & Steers
New York
|
+$563K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$4.23M |
| 2 |
VCM
Virtue Capital Management
Brentwood,
Tennessee
|
-$1.07M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$995K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$598K |
| 5 |
LPL Financial
San Diego,
California
|
-$352K |
GDO Hedge Fund Activity: Q1 2021 in Review
45 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q1 2021, worth a combined $81.8M — down 0.06% from $81.9M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new GDO positions and 5 closed out — a net gain of 4 holders — while 18 added to existing stakes and 13 trimmed.
The largest buyer was Parametric Portfolio Associates, adding an estimated $3.48M. The largest seller was Baird Financial Group, exiting entirely with an estimated $4.23M sold.
- 45 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q1 2021, up from 42 in Q4 2020.
- Funds reported $81.8M of Western Asset Global Corporate Defined Opportunity Fund stock for Q1 2021, down 0.06% quarter-over-quarter.
- 9 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q1 2021 and 5 closed out, a net change of +4 holders.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q1 2021 was Parametric Portfolio Associates, an estimated $3.48M added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q1 2021 was Baird Financial Group, an estimated $4.23M sold.
Based on aggregated 13F filings for Q1 2021.