Western Asset Global Corporate Defined Opportunity Fund
GDO
49 hedge funds and large institutions have $67.8M invested in Western Asset Global Corporate Defined Opportunity Fund in 2022 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 17 increasing their positions, 14 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
21% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 14
7% more funds holding
Funds holding: 46 → 49 (+3)
1.04% less ownership
Funds ownership: 31.59% → 30.55% (-1%)
18% less capital invested
Capital invested by funds: $82.6M → $67.8M (-$14.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$1.64M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$1.17M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$535K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$436K |
| 5 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$422K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$4.28M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.47M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$915K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$484K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$233K |
GDO Hedge Fund Activity: Q1 2022 in Review
49 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q1 2022, worth a combined $67.8M — down 18% from $82.6M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new GDO positions and 2 closed out — a net gain of 4 holders — while 17 added to existing stakes and 14 trimmed.
The largest buyer was Punch & Associates Investment Management, adding an estimated $1.64M. The largest seller was Royal Bank of Canada, cutting an estimated $4.28M.
- 49 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q1 2022, up from 46 in Q4 2021.
- Funds reported $67.8M of Western Asset Global Corporate Defined Opportunity Fund stock for Q1 2022, down 18% quarter-over-quarter.
- 6 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q1 2022 and 2 closed out, a net change of +4 holders.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q1 2022 was Punch & Associates Investment Management, an estimated $1.64M added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q1 2022 was Royal Bank of Canada, an estimated $4.28M sold.
Based on aggregated 13F filings for Q1 2022.