Western Asset Variable Rate Strategic Fund, Inc
GFY
GFY was delisted on the 20th of November, 2020.
25 hedge funds and large institutions have $38.7M invested in Western Asset Variable Rate Strategic Fund, Inc in 2014 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 10 increasing their positions, 6 reducing their positions, and 5 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 6
4% less funds holding
Funds holding: 26 → 25 (-1)
6% less capital invested
Capital invested by funds: $41.3M → $38.7M (-$2.63M)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.17M |
| 2 |
Morgan Stanley
New York
|
+$772K |
| 3 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
+$725K |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$242K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
+$238K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.55M |
| 2 |
SI
Stephens Inc
Little Rock,
Arkansas
|
-$870K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$457K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$341K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$295K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
26
Tower Research Capital (TRC)
New York
| $13K | -$31.7K | -1,838 | -71% |
|
|
KIM
27
Karpus Investment Management
Pittsford,
New York
| – | -$1.55M | -88,677 | Closed |
|
|
SI
28
Stephens Inc
Little Rock,
Arkansas
| – | -$870K | -49,646 | Closed |
|
|
RJA
29
Raymond James & Associates
St Petersburg,
Florida
| – | -$295K | -16,863 | Closed |
|
30
Barclays
London,
United Kingdom
| – | -$266K | -15,667 | Closed |
|
31
SG Americas Securities
New York
| – | -$140K | -8,011 | Closed |
|
GFY Hedge Fund Activity: Q1 2014 in Review
25 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Western Asset Variable Rate Strategic Fund, Inc (GFY) for Q1 2014, worth a combined $38.7M — down 6.4% from $41.3M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of GFY and 4 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 10 added.
The largest buyer was Sit Investment Associates, adding an estimated $1.17M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $1.55M sold.
- 25 institutional investors held Western Asset Variable Rate Strategic Fund, Inc (GFY) as of Q1 2014, down from 26 in Q4 2013.
- Funds reported $38.7M of Western Asset Variable Rate Strategic Fund, Inc stock for Q1 2014, down 6.4% quarter-over-quarter.
- 4 funds opened new Western Asset Variable Rate Strategic Fund, Inc positions in Q1 2014 and 5 closed out, a net change of -1 holder.
- The largest Western Asset Variable Rate Strategic Fund, Inc buyer in Q1 2014 was Sit Investment Associates, an estimated $1.17M added.
- The largest Western Asset Variable Rate Strategic Fund, Inc seller in Q1 2014 was Karpus Investment Management, an estimated $1.55M sold.
Based on aggregated 13F filings for Q1 2014.