Western Asset Global Corporate Defined Opportunity Fund
GDO
46 hedge funds and large institutions have $74.2M invested in Western Asset Global Corporate Defined Opportunity Fund in 2023 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 11 reducing their positions, and 5 closing their positions.
36% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 11
17% more capital invested
Capital invested by funds: $63.6M → $74.2M (+$10.6M)
3% more ownership
Funds ownership: 35.92% → 38.93% (+3%)
2% less funds holding
Funds holding: 47 → 46 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$4.8M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.94M |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$1.37M |
| 4 |
MSAM
Moloney Securities Asset Management
Manchester,
Missouri
|
+$219K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$211K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
-$1.45M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$715K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$478K |
| 4 |
CWP
Core Wealth Partners
Santa Rosa,
California
|
-$273K |
| 5 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$222K |
GDO Hedge Fund Activity: Q4 2023 in Review
46 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q4 2023, worth a combined $74.2M — up 17% from $63.6M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of GDO and 4 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 15 added.
The largest buyer was Morgan Stanley, adding an estimated $4.8M. The largest seller was Atlas Wealth, exiting entirely with an estimated $1.45M sold.
- 46 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q4 2023, down from 47 in Q3 2023.
- Funds reported $74.2M of Western Asset Global Corporate Defined Opportunity Fund stock for Q4 2023, up 17% quarter-over-quarter.
- 4 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q4 2023 and 5 closed out, a net change of -1 holder.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q4 2023 was Morgan Stanley, an estimated $4.8M added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q4 2023 was Atlas Wealth, an estimated $1.45M sold.
Based on aggregated 13F filings for Q4 2023.