Western Asset Corporate Loan Fund Inc.
TLI was delisted on the 20th of November, 2020.
31 hedge funds and large institutions have $37.4M invested in Western Asset Corporate Loan Fund Inc. in 2019 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 13 increasing their positions, 10 reducing their positions, and 8 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 10
17% more capital invested
Capital invested by funds: $32.1M → $37.4M (+$5.35M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
14% less funds holding
Funds holding: 36 → 31 (-5)
63% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$3.25M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$1.37M |
| 3 |
BFM
Boothbay Fund Management
New York
|
+$996K |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$596K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$481K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.93M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$666K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$321K |
| 4 |
PAS
Park Avenue Securities
New York
|
-$320K |
| 5 |
First Manhattan
New York
|
-$196K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FIA
26
FNY Investment Advisers
New York
| $28K | +$25.6K | +2,677 | +1,556% |
|
27
Royal Bank of Canada
Toronto,
Ontario, Canada
| $16K | +$3.83K | +400 | +33% |
|
|
S
28
SignatureFD
Atlanta,
Georgia
| $15K | – | – | – |
|
29
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $10K | – | – | – |
|
|
IA
30
IFP Advisors
Tampa,
Florida
| $5K | +$105 | +11 | +2% |
|
|
RCM
31
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$4.38K | -461,197 | Closed |
|
|
32
Envestnet Asset Management
Chicago,
Illinois
| – | -$321K | -33,789 | Closed |
|
|
PAS
33
Park Avenue Securities
New York
| – | -$320K | -33,699 | Closed |
|
|
34
First Manhattan
New York
| – | -$196K | -20,440 | -100% |
|
35
Walleye Trading
New York
| – | -$146K | -15,400 | Closed |
|
|
LCM
36
Landscape Capital Management
Englewood,
New Jersey
| – | -$141K | -14,832 | Closed |
|
|
DA
37
Doliver Advisors
Houston,
Texas
| – | -$136K | -14,485 | Closed |
|
|
WAM
38
Wolverine Asset Management
Chicago,
Illinois
| – | -$64K | -6,832 | Closed |
|
39
Citigroup
New York
| – | -$1K | -112 | Closed |
|
TLI Hedge Fund Activity: Q4 2019 in Review
31 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Western Asset Corporate Loan Fund Inc. (TLI) for Q4 2019, worth a combined $37.4M — up 17% from $32.1M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of TLI and 3 opened new positions — a net loss of 5 holders — while 10 trimmed existing stakes and 13 added.
The largest buyer was Saba Capital Management, adding an estimated $3.25M. The largest seller was Sit Investment Associates, cutting an estimated $1.93M.
- 31 institutional investors held Western Asset Corporate Loan Fund Inc. (TLI) as of Q4 2019, down from 36 in Q3 2019.
- Funds reported $37.4M of Western Asset Corporate Loan Fund Inc. stock for Q4 2019, up 17% quarter-over-quarter.
- 3 funds opened new Western Asset Corporate Loan Fund Inc. positions in Q4 2019 and 8 closed out, a net change of -5 holders.
- The largest Western Asset Corporate Loan Fund Inc. buyer in Q4 2019 was Saba Capital Management, an estimated $3.25M added.
- The largest Western Asset Corporate Loan Fund Inc. seller in Q4 2019 was Sit Investment Associates, an estimated $1.93M sold.
Based on aggregated 13F filings for Q4 2019.