Western Asset Corporate Loan Fund Inc.
TLI was delisted on the 20th of November, 2020.
36 hedge funds and large institutions have $32.1M invested in Western Asset Corporate Loan Fund Inc. in 2019 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 14 increasing their positions, 10 reducing their positions, and 3 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 10
10% more capital invested
Capital invested by funds: $29.2M → $32.1M (+$2.86M)
5% less funds holding
Funds holding: 38 → 36 (-2)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$5.27M |
| 2 |
BFM
Boothbay Fund Management
New York
|
+$2.31M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$208K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$96.7K |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$80K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.74M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$1.61M |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
-$1.3M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.13M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$607K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DA
26
Doliver Advisors
Houston,
Texas
| $136K | +$38K | +3,986 | +38% |
|
|
27
Commonwealth Equity Services
Waltham,
Massachusetts
| $96K | +$96.7K | +10,139 | New |
|
|
WAM
28
Wolverine Asset Management
Chicago,
Illinois
| $64K | -$607K | -63,673 | -90% |
|
29
Bank of America
Charlotte,
North Carolina
| $51K | – | – | – |
|
|
S
30
SignatureFD
Atlanta,
Georgia
| $14K | – | – | – |
|
31
Royal Bank of Canada
Toronto,
Ontario, Canada
| $11K | – | – | – |
|
32
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $9K | – | – | – |
|
|
IA
33
IFP Advisors
Tampa,
Florida
| $5K | +$5.08K | +533 | New |
|
|
RCM
34
Rivernorth Capital Management
West Palm Beach,
Florida
| $4.38K | -$2.74M | -287,190 | -38% |
|
35
Citigroup
New York
| $1K | +$29 | +3 | +3% |
|
|
FIA
36
FNY Investment Advisers
New York
| $1K | +$95 | +10 | +6% |
|
37
Invesco
Atlanta,
Georgia
| – | -$296K | -30,912 | Closed |
|
|
CCP
38
Clough Capital Partners
Boston,
Massachusetts
| – | -$230K | -24,000 | Closed |
|
|
CRC
39
Curi RMB Capital
Chicago,
Illinois
| – | -$99K | -10,349 | Closed |
|
TLI Hedge Fund Activity: Q3 2019 in Review
36 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Western Asset Corporate Loan Fund Inc. (TLI) for Q3 2019, worth a combined $32.1M — up 9.8% from $29.2M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of TLI and 2 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 14 added.
The largest buyer was Bulldog Investors, adding an estimated $5.27M. The largest seller was Rivernorth Capital Management, cutting an estimated $2.74M.
- 36 institutional investors held Western Asset Corporate Loan Fund Inc. (TLI) as of Q3 2019, down from 38 in Q2 2019.
- Funds reported $32.1M of Western Asset Corporate Loan Fund Inc. stock for Q3 2019, up 9.8% quarter-over-quarter.
- 2 funds opened new Western Asset Corporate Loan Fund Inc. positions in Q3 2019 and 3 closed out, a net change of -1 holder.
- The largest Western Asset Corporate Loan Fund Inc. buyer in Q3 2019 was Bulldog Investors, an estimated $5.27M added.
- The largest Western Asset Corporate Loan Fund Inc. seller in Q3 2019 was Rivernorth Capital Management, an estimated $2.74M sold.
Based on aggregated 13F filings for Q3 2019.