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
3% more capital invested
Capital invested by funds: $36.4M → $37.4M (+$979K)
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 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.38M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.93M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$666K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$321K |
| 5 |
PAS
Park Avenue Securities
New York
|
-$320K |
TLI Hedge Fund Activity: Q4 2019 in Review
31 of the 5,092 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 2.7% from $36.4M 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 Rivernorth Capital Management, exiting entirely with an estimated $4.38M sold.
- 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 2.7% 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 Rivernorth Capital Management, an estimated $4.38M sold.
Based on aggregated 13F filings for Q4 2019.