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 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RVPG
1
Relative Value Partners Group
| $19.8M | -$424K | -26,613 | -2% |
|
|
SIA
2
Sit Investment Associates
Minneapolis,
Minnesota
| $16.2M | -$1.37M | -86,158 | -7% |
|
|
BI
3
Bulldog Investors
Saddle Brook,
New Jersey
| $1.11M | +$1.28M | +80,112 | New |
|
|
4
Morgan Stanley
New York
| $998K | -$57.9K | -3,634 | -5% |
|
|
SI
5
Stephens Inc
Little Rock,
Arkansas
| $608K | +$19K | +1,195 | +3% |
|
|
SFS
6
Shaker Financial Services
Arlington,
Virginia
| $528K | +$176K | +11,036 | +41% |
|
7
UBS Group
Zurich,
Switzerland
| $275K | -$12.5K | -786 | -4% |
|
8
Wells Fargo
San Francisco,
California
| $256K | -$39.5K | -2,477 | -12% |
|
|
IA
9
Icon Advisers
Greenwood Village,
Colorado
| $219K | +$252K | +15,834 | New |
|
|
WCM
10
WealthBridge Capital Management
Westerville,
Ohio
| $195K | -$659K | -41,364 | -75% |
|
11
HighTower Advisors
Chicago,
Illinois
| $194K | – | – | – |
|
|
12
Bank of America
Charlotte,
North Carolina
| $127K | +$32.6K | +2,048 | +29% |
|
13
Royal Bank of Canada
Toronto,
Ontario, Canada
| $82K | – | – | – |
|
|
9WM
14
9258 Wealth Management
Blue Ash,
Ohio
| – | -$168K | -10,046 | Closed |
|
GFY Hedge Fund Activity: Q1 2020 in Review
13 of the 4,538 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.