Western Asset Variable Rate Strategic Fund, Inc
GFY
GFY was delisted on the 20th of November, 2020.
18 hedge funds and large institutions have $47.7M invested in Western Asset Variable Rate Strategic Fund, Inc in 2019 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 4 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
1% more capital invested
Capital invested by funds: $47.4M → $47.7M (+$287K)
5% less funds holding
Funds holding: 19 → 18 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
+$2.69M |
| 2 |
Morgan Stanley
New York
|
+$81.1K |
| 3 |
Fifth Third Bancorp
Cincinnati,
Ohio
|
+$28.6K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$25.8K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$23.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$1.53M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$470K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$232K |
| 4 |
WCM
WealthBridge Capital Management
Westerville,
Ohio
|
-$197K |
| 5 |
CL
CSS LLC
Chicago,
Illinois
|
-$123K |
GFY Hedge Fund Activity: Q3 2019 in Review
18 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Western Asset Variable Rate Strategic Fund, Inc (GFY) for Q3 2019, worth a combined $47.7M — up 0.6% from $47.4M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of GFY and 3 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 7 added.
The largest buyer was Relative Value Partners Group, adding an estimated $2.69M. The largest seller was Kovitz Investment Group Partners, exiting entirely with an estimated $1.53M sold.
- 18 institutional investors held Western Asset Variable Rate Strategic Fund, Inc (GFY) as of Q3 2019, down from 19 in Q2 2019.
- Funds reported $47.7M of Western Asset Variable Rate Strategic Fund, Inc stock for Q3 2019, up 0.6% quarter-over-quarter.
- 3 funds opened new Western Asset Variable Rate Strategic Fund, Inc positions in Q3 2019 and 4 closed out, a net change of -1 holder.
- The largest Western Asset Variable Rate Strategic Fund, Inc buyer in Q3 2019 was Relative Value Partners Group, an estimated $2.69M added.
- The largest Western Asset Variable Rate Strategic Fund, Inc seller in Q3 2019 was Kovitz Investment Group Partners, an estimated $1.53M sold.
Based on aggregated 13F filings for Q3 2019.