Western Asset Global Corporate Defined Opportunity Fund
42 hedge funds and large institutions have $86M invested in Western Asset Global Corporate Defined Opportunity Fund in 2021 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 20 increasing their positions, 14 reducing their positions, and 6 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 14
5% more capital invested
Capital invested by funds: $81.8M → $86M (+$4.2M)
0.13% less ownership
Funds ownership: 31.09% → 30.96% (-0.13%)
7% less funds holding
Funds holding: 45 → 42 (-3)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$2.48M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
+$1.35M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$703K |
| 4 |
Morgan Stanley
New York
|
+$321K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$291K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$1.65M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.6M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$561K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$557K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$407K |
GDO Hedge Fund Activity: Q2 2021 in Review
42 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q2 2021, worth a combined $86M — up 5.1% from $81.8M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of GDO and 3 opened new positions — a net loss of 3 holders — while 14 trimmed existing stakes and 20 added.
The largest buyer was Cohen & Steers, adding an estimated $2.48M. The largest seller was City of London Investment Management, cutting an estimated $1.65M.
- 42 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q2 2021, down from 45 in Q1 2021.
- Funds reported $86M of Western Asset Global Corporate Defined Opportunity Fund stock for Q2 2021, up 5.1% quarter-over-quarter.
- 3 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q2 2021 and 6 closed out, a net change of -3 holders.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q2 2021 was Cohen & Steers, an estimated $2.48M added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q2 2021 was City of London Investment Management, an estimated $1.65M sold.
Based on aggregated 13F filings for Q2 2021.