Western Asset Variable Rate Strategic Fund, Inc
GFY
GFY was delisted on the 20th of November, 2020.
24 hedge funds and large institutions have $44.4M invested in Western Asset Variable Rate Strategic Fund, Inc in 2014 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 10 increasing their positions, 7 reducing their positions, and 3 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 7
15% more capital invested
Capital invested by funds: $38.7M → $44.4M (+$5.65M)
4% less funds holding
Funds holding: 25 → 24 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
+$4.84M |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$507K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$497K |
| 4 |
IT
Independence Trust
Franklin,
Tennessee
|
+$157K |
| 5 |
OIA
Optimum Investment Advisors
Chicago,
Illinois
|
+$125K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$435K |
| 2 |
Morgan Stanley
New York
|
-$430K |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$240K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$110K |
| 5 |
SCM
Saba Capital Management
New York
|
-$45K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TC
26
TFS Capital
West Chester,
Pennsylvania
| – | -$240K | -14,046 | Closed |
|
27
AllianceBernstein
Nashville,
Tennessee
| – | -$41K | -2,420 | Closed |
|
28
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$21K | -1,273 | Closed |
|
GFY Hedge Fund Activity: Q2 2014 in Review
24 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in Western Asset Variable Rate Strategic Fund, Inc (GFY) for Q2 2014, worth a combined $44.4M — up 15% from $38.7M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of GFY and 2 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 10 added.
The largest buyer was Relative Value Partners, adding an estimated $4.84M. The largest seller was Citigroup, cutting an estimated $435K.
- 24 institutional investors held Western Asset Variable Rate Strategic Fund, Inc (GFY) as of Q2 2014, down from 25 in Q1 2014.
- Funds reported $44.4M of Western Asset Variable Rate Strategic Fund, Inc stock for Q2 2014, up 15% quarter-over-quarter.
- 2 funds opened new Western Asset Variable Rate Strategic Fund, Inc positions in Q2 2014 and 3 closed out, a net change of -1 holder.
- The largest Western Asset Variable Rate Strategic Fund, Inc buyer in Q2 2014 was Relative Value Partners, an estimated $4.84M added.
- The largest Western Asset Variable Rate Strategic Fund, Inc seller in Q2 2014 was Citigroup, an estimated $435K sold.
Based on aggregated 13F filings for Q2 2014.