Western Asset Variable Rate Strategic Fund, Inc
GFY
GFY was delisted on the 20th of November, 2020.
15 hedge funds and large institutions have $47.6M invested in Western Asset Variable Rate Strategic Fund, Inc in 2020 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 5 reducing their positions, and 1 closing their positions.
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
20% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 5
17% more capital invested
Capital invested by funds: $40.6M → $47.6M (+$6.99M)
15% more funds holding
Funds holding: 13 → 15 (+2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$1.87M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$239K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$219K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$205K |
| 5 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
+$150K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
-$653K |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$528K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$210K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$30.4K |
| 5 |
SI
Stephens Inc
Little Rock,
Arkansas
|
-$23.7K |
GFY Hedge Fund Activity: Q2 2020 in Review
15 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Western Asset Variable Rate Strategic Fund, Inc (GFY) for Q2 2020, worth a combined $47.6M — up 17% from $40.6M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new GFY positions and 1 closed out — a net gain of 2 holders — while 6 added to existing stakes and 5 trimmed.
The largest buyer was Bulldog Investors, adding an estimated $1.87M. The largest seller was Relative Value Partners Group, cutting an estimated $653K.
- 15 institutional investors held Western Asset Variable Rate Strategic Fund, Inc (GFY) as of Q2 2020, up from 13 in Q1 2020.
- Funds reported $47.6M of Western Asset Variable Rate Strategic Fund, Inc stock for Q2 2020, up 17% quarter-over-quarter.
- 3 funds opened new Western Asset Variable Rate Strategic Fund, Inc positions in Q2 2020 and 1 closed out, a net change of +2 holders.
- The largest Western Asset Variable Rate Strategic Fund, Inc buyer in Q2 2020 was Bulldog Investors, an estimated $1.87M added.
- The largest Western Asset Variable Rate Strategic Fund, Inc seller in Q2 2020 was Relative Value Partners Group, an estimated $653K sold.
Based on aggregated 13F filings for Q2 2020.