Western Asset Variable Rate Strategic Fund, Inc
GFY
GFY was delisted on the 20th of November, 2020.
13 hedge funds and large institutions have $40.6M invested in Western Asset Variable Rate Strategic Fund, Inc in 2020 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 3 increasing their positions, 6 reducing their positions, and 1 closing their positions.
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
8% more funds holding
Funds holding: 12 → 13 (+1)
19% less capital invested
Capital invested by funds: $50.2M → $40.6M (-$9.55M)
50% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$1.28M |
| 2 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$252K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$176K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$32.6K |
| 5 |
SI
Stephens Inc
Little Rock,
Arkansas
|
+$19K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.37M |
| 2 |
WCM
WealthBridge Capital Management
Westerville,
Ohio
|
-$659K |
| 3 |
RVPG
Relative Value Partners Group
|
-$424K |
| 4 |
9WM
9258 Wealth Management
Blue Ash,
Ohio
|
-$168K |
| 5 |
Morgan Stanley
New York
|
-$57.9K |
GFY Hedge Fund Activity: Q1 2020 in Review
13 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Western Asset Variable Rate Strategic Fund, Inc (GFY) for Q1 2020, worth a combined $40.6M — down 19% from $50.2M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new GFY positions and 1 closed out — a net gain of 1 holder — while 3 added to existing stakes and 6 trimmed.
The largest buyer was Bulldog Investors, opening a new position worth an estimated $1.28M. The largest seller was Sit Investment Associates, cutting an estimated $1.37M.
- 13 institutional investors held Western Asset Variable Rate Strategic Fund, Inc (GFY) as of Q1 2020, up from 12 in Q4 2019.
- Funds reported $40.6M of Western Asset Variable Rate Strategic Fund, Inc stock for Q1 2020, down 19% quarter-over-quarter.
- 2 funds opened new Western Asset Variable Rate Strategic Fund, Inc positions in Q1 2020 and 1 closed out, a net change of +1 holder.
- The largest Western Asset Variable Rate Strategic Fund, Inc buyer in Q1 2020 was Bulldog Investors, an estimated $1.28M added.
- The largest Western Asset Variable Rate Strategic Fund, Inc seller in Q1 2020 was Sit Investment Associates, an estimated $1.37M sold.
Based on aggregated 13F filings for Q1 2020.