Western Asset Variable Rate Strategic Fund, Inc
GFY
GFY was delisted on the 20th of November, 2020.
13 hedge funds and large institutions have $51.9M invested in Western Asset Variable Rate Strategic Fund, Inc in 2020 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 2 increasing their positions, 7 reducing their positions, and 3 closing their positions.
9% more capital invested
Capital invested by funds: $47.6M → $51.9M (+$4.29M)
13% less funds holding
Funds holding: 15 → 13 (-2)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
71% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$6.3M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$351K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$284K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$3.21M |
| 2 |
RVPG
Relative Value Partners Group
|
-$1.05M |
| 3 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$307K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$24K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$17.3K |
GFY Hedge Fund Activity: Q3 2020 in Review
13 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Western Asset Variable Rate Strategic Fund, Inc (GFY) for Q3 2020, worth a combined $51.9M — up 9% from $47.6M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of GFY and 1 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 2 added.
The largest buyer was Sit Investment Associates, adding an estimated $6.3M. The largest seller was Bulldog Investors, exiting entirely with an estimated $3.21M sold.
- 13 institutional investors held Western Asset Variable Rate Strategic Fund, Inc (GFY) as of Q3 2020, down from 15 in Q2 2020.
- Funds reported $51.9M of Western Asset Variable Rate Strategic Fund, Inc stock for Q3 2020, up 9% quarter-over-quarter.
- 1 fund opened new Western Asset Variable Rate Strategic Fund, Inc positions in Q3 2020 and 3 closed out, a net change of -2 holders.
- The largest Western Asset Variable Rate Strategic Fund, Inc buyer in Q3 2020 was Sit Investment Associates, an estimated $6.3M added.
- The largest Western Asset Variable Rate Strategic Fund, Inc seller in Q3 2020 was Bulldog Investors, an estimated $3.21M sold.
Based on aggregated 13F filings for Q3 2020.