Western Asset Corporate Loan Fund Inc.
TLI was delisted on the 20th of November, 2020.
26 hedge funds and large institutions have $31.2M invested in Western Asset Corporate Loan Fund Inc. in 2020 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 8 increasing their positions, 7 reducing their positions, and 7 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 7
12% more capital invested
Capital invested by funds: $27.8M → $31.2M (+$3.34M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
13% less funds holding
Funds holding: 30 → 26 (-4)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$1.89M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$252K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$145K |
| 4 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$121K |
| 5 |
LC
Lindbrook Capital
Calabasas,
California
|
+$84.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.23M |
| 2 |
AC
Almitas Capital
Santa Monica,
California
|
-$538K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$372K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$332K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$281K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SIA
26
Sit Investment Associates
Minneapolis,
Minnesota
| – | -$2.23M | -314,329 | Closed |
|
27
Goldman Sachs
New York
| – | -$120K | -16,881 | Closed |
|
|
SFS
28
Shaker Financial Services
Arlington,
Virginia
| – | -$102K | -14,405 | Closed |
|
29
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$76K | -10,717 | Closed |
|
|
S
30
SignatureFD
Atlanta,
Georgia
| – | -$11K | -1,500 | Closed |
|
31
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$7K | -1,000 | Closed |
|
|
IA
32
IFP Advisors
Tampa,
Florida
| – | -$4.49K | -554 | Closed |
|
TLI Hedge Fund Activity: Q2 2020 in Review
26 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Western Asset Corporate Loan Fund Inc. (TLI) for Q2 2020, worth a combined $31.2M — up 12% from $27.8M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of TLI and 3 opened new positions — a net loss of 4 holders — while 7 trimmed existing stakes and 8 added.
The largest buyer was Saba Capital Management, adding an estimated $1.89M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $2.23M sold.
- 26 institutional investors held Western Asset Corporate Loan Fund Inc. (TLI) as of Q2 2020, down from 30 in Q1 2020.
- Funds reported $31.2M of Western Asset Corporate Loan Fund Inc. stock for Q2 2020, up 12% quarter-over-quarter.
- 3 funds opened new Western Asset Corporate Loan Fund Inc. positions in Q2 2020 and 7 closed out, a net change of -4 holders.
- The largest Western Asset Corporate Loan Fund Inc. buyer in Q2 2020 was Saba Capital Management, an estimated $1.89M added.
- The largest Western Asset Corporate Loan Fund Inc. seller in Q2 2020 was Sit Investment Associates, an estimated $2.23M sold.
Based on aggregated 13F filings for Q2 2020.