Western Asset Variable Rate Strategic Fund, Inc
GFY
GFY was delisted on the 20th of November, 2020.
24 hedge funds and large institutions have $31.5M invested in Western Asset Variable Rate Strategic Fund, Inc in 2015 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 3 increasing their positions, 13 reducing their positions, and 6 closing their positions.
4% less funds holding
Funds holding: 25 → 24 (-1)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
41% less capital invested
Capital invested by funds: $53.6M → $31.5M (-$22M)
77% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 13
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIG
Kovitz Investment Group
Chicago,
Illinois
|
+$1.03M |
| 2 |
SG Americas Securities
New York
|
+$160K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$130K |
| 4 |
PMFA
Plante Moran Financial Advisors
Southfield,
Michigan
|
+$11.6K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$11.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
-$13.3M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.8M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.65M |
| 4 |
IT
Independence Trust
Franklin,
Tennessee
|
-$976K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$699K |
GFY Hedge Fund Activity: Q4 2015 in Review
24 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Western Asset Variable Rate Strategic Fund, Inc (GFY) for Q4 2015, worth a combined $31.5M — down 41% from $53.6M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of GFY and 5 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 3 added.
The largest buyer was Kovitz Investment Group, opening a new position worth an estimated $1.03M. The largest seller was Relative Value Partners Group, cutting an estimated $13.3M.
- 24 institutional investors held Western Asset Variable Rate Strategic Fund, Inc (GFY) as of Q4 2015, down from 25 in Q3 2015.
- Funds reported $31.5M of Western Asset Variable Rate Strategic Fund, Inc stock for Q4 2015, down 41% quarter-over-quarter.
- 5 funds opened new Western Asset Variable Rate Strategic Fund, Inc positions in Q4 2015 and 6 closed out, a net change of -1 holder.
- The largest Western Asset Variable Rate Strategic Fund, Inc buyer in Q4 2015 was Kovitz Investment Group, an estimated $1.03M added.
- The largest Western Asset Variable Rate Strategic Fund, Inc seller in Q4 2015 was Relative Value Partners Group, an estimated $13.3M sold.
Based on aggregated 13F filings for Q4 2015.