Legg Mason BW Global Income Opportunities Fund Inc.
US ˙ NYSE ˙ US10537L1044

SecurityBWG / Legg Mason BW Global Income Opportunities Fund Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership1,733,867 shares
Ownership 10.30%
Morgan Stanley ownership in BWG / Legg Mason BW Global Income Opportunities Fund Inc.

2025-11-07 - Morgan Stanley has filed an SCHEDULE 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 1,733,867 shares of Legg Mason BW Global Income Opportunities Fund Inc. (US:BWG). This represents 10.3 percent ownership of the company. In their previous filing dated 2025-05-05 , Morgan Stanley had reported owning 1,917,134 shares, indicating a decrease of -9.56 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File
Date		Effective
Date		Form Prev
Shares		 Latest
Shares		 ΔShares
(Percent)		 Ownership
(Percent)		 ΔOwnership
(Percent)
2025-11-07 2025-11-07 13G/A 1,917,134 1,733,867 -9.56 10.30 -9.65
2025-05-05 2025-05-05 13G/A 1,718,290 1,917,134 11.57 11.40 11.76
2024-02-12 2024-02-12 13G/A 2,170,253 1,718,290 -20.83 10.20 -20.93
2023-02-08 2023-02-08 13G/A 1,870,714 2,170,253 16.01 12.90 16.22
2022-02-09 2022-02-09 13G/A 1,867,536 1,870,714 0.17 11.10 0.00
2021-12-10 2021-12-10 13G/A 1,015,413 1,867,536 83.92 11.10 131.25
2017-02-13 2017-02-13 13G/A 1,453,970 1,015,413 -30.16 4.80 -30.43
2016-02-11 2016-02-11 13G/A 1,453,970 6.90
2015-02-17 2015-02-17 13G 1,350,824 6.40

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F BRANDYWINEGBL GBL INCM OPP F COM 10537L104 1,760,741 -23,685 -1.33 13,505 -9.58 0.0008
2026-05-27 2025-12-31 13F/A-1 BRANDYWINEGBL GBL INCM OPP F COM 10537L104 1,784,426 -85,702 -4.58 14,936 -7.99 0.0009
2026-02-13 2025-12-31 13F BRANDYWINEGBL GBL INCM OPP F COM 10537L104 1,784,426 -85,702 14,936 0.0009
2026-05-27 2025-09-30 13F/A-1 BRANDYWINEGBL GBL INCM OPP F COM 10537L104 1,870,128 -98,959 -5.03 16,233 -0.80 0.0010
2025-11-14 2025-09-30 13F BRANDYWINEGBL GBL INCM OPP F COM 10537L104 1,870,128 -98,959 16,233 0.0010
2025-08-15 2025-06-30 13F BRANDYWINEGBL GBL INCM OPP F COM 10537L104 1,969,087 -107,569 -5.18 16,363 -5.63 0.0011
2025-05-15 2025-03-31 13F BRANDYWINEGBL GBL INCM OPP F COM 10537L104 2,076,656 154,796 8.05 17,340 12.79 0.0012
2025-05-15 2024-12-31 13F/A-1 BRANDYWINEGBL GBL INCM OPP F COM 10537L104 1,921,860 -71,074 -3.57 15,375 -12.73 0.0011
2025-02-14 2024-12-31 13F BRANDYWINEGBL GBL INCM OPP F COM 10537L104 1,921,860 -71,074 15,375 0.0011
2025-05-14 2024-09-30 13F/A-2 BRANDYWINEGBL GBL INCM OPP F COM 10537L104 1,992,934 -38,355 -1.89 17,618 5.00 0.0013
2025-02-14 2024-09-30 13F/A-1 BRANDYWINEGBL GBL INCM OPP F COM 10537L104 1,992,934 -38,355 17,618 0.0013
2024-11-14 2024-09-30 13F BRANDYWINEGBL GBL INCM OPP F COM 10537L104 1,992,934 -38,355 17,618 0.0002
2025-05-14 2024-06-30 13F/A-2 BRANDYWINEGBL GBL INCM OPP F COM 10537L104 2,031,289 43,955 2.21 16,778 -0.44 0.0013
2024-10-17 2024-06-30 13F/A-1 BRANDYWINEGBL GBL INCM OPP F COM 10537L104 2,031,289 43,955 16,778 0.0013
2024-08-14 2024-06-30 13F BRANDYWINEGBL GBL INCM OPP F COM 10537L104 2,031,289 43,955 16,778 0.0013
2024-10-17 2024-03-31 13F/A-2 BRANDYWINEGBL GBL INCM OPP F COM 10537L104 1,987,334 78,468 4.11 16,853 5.67 0.0014
2024-08-16 2024-03-31 13F/A-1 BRANDYWINEGBL GBL INCM OPP F COM 10537L104 1,987,334 78,468 16,853 0.0002
2024-05-15 2024-03-31 13F BRANDYWINEGBL GBL INCM OPP F COM 10537L104 1,987,334 78,468 16,853 0.0014
2024-08-16 2023-12-31 13F/A-1 BRANDYWINEGBL GBL INCM OPP F COM 10537L104 1,908,866 -635,428 -24.97 15,949 -16.53 0.0014
2024-02-13 2023-12-31 13F BRANDYWINEGBL GBL INCM OPP F COM 10537L104 1,908,866 -635,428 15,949 0.0014
2023-11-15 2023-09-30 13F BRANDYWINEGBL GBL INCM OPP F COM 10537L104 2,544,294 72,710 2.94 19,108 -3.84 0.0019
2023-08-14 2023-06-30 13F BRANDYWINEGBL GBL INCM OPP F COM 10537L104 2,471,584 40,867 1.68 19,872 2.70 0.0020
2023-05-15 2023-03-31 13F BRANDYWINEGBL GBL INCM OPP F COM 10537L104 2,430,717 24,223 1.01 19,349 -1.35 0.0021
2023-02-14 2022-12-31 13F BRANDYWINEGBL GBL INCM OPP F COM 10537L104 2,406,494 -106,555 -4.24 19,613 2.42 0.0022
2022-11-14 2022-09-30 13F BRANDYWINEGBL GBL INCM OPP F COM 10537L104 2,513,049 -75,615 -2.92 19,149 -12.14 0.0026
2022-10-27 2022-06-30 13F/A-1 BRANDYWINEGBL GBL INCM OPP F COM 10537L104 2,588,664 2,140,841 478.06 21,796 380.94 0.0028
2022-08-15 2022-06-30 13F BRANDYWINEGBL GBL INCM OPP F COM 10537L104 2,588,664 2,140,841 21,796 0.0028
2022-10-27 2022-03-31 13F/A-1 BRANDYWINEGBL GBL INCM OPP F COM 10537L104 447,823 2,895 0.65 4,532 -13.01 0.0006
2022-05-13 2022-03-31 13F BRANDYWINEGBL GBL INCM OPP F COM 10537L104 447,823 2,895 4,532 0.0006
2022-02-14 2021-12-31 13F BRANDYWINEGBL GBL INCM OPP F COM 10537L104 444,928 -11,360 -2.49 5,210 -8.80 0.0006
2021-11-15 2021-09-30 13F BRANDYWINEGBL GBL INCM OPP F COM 10537L104 456,288 48,631 11.93 5,713 11.13 0.0008
2021-08-23 2021-06-30 13F/A-1 BRANDYWINEGBL GBL INCM OPP F COM 10537L104 407,657 34,573 9.27 5,141 14.27 0.0007
2021-08-16 2021-06-30 13F BRANDYWINEGBL GBL INCM OPP F COM 10537L104 407,657 34,573 5,141 0.0001
2021-05-17 2021-03-31 13F BRANDYWINEGBL GBL INCM OPP F COM 10537L104 373,084 35,219 10.42 4,499 6.61 0.0007
2021-02-16 2020-12-31 13F BRANDYWINEGBL GBL INCM OPP F COM 10537L104 337,865 17,479 5.46 4,220 14.43 0.0007
2020-11-13 2020-09-30 13F BRANDYWINEGBL GBL INCM OPP COM 10537L104 320,386 -53,966 -14.42 3,688 -14.63 0.0007
2020-08-14 2020-06-30 13F BRANDYWINEGBL GLBAL INM OPRT COM 10537L104 374,352 -51,002 -11.99 4,320 -3.64 0.0010
2020-05-26 2020-03-31 13F/A-1 BRANDYWINEGBL GLBAL INM OPRT COM 10537L104 425,354 -15,373 -3.49 4,483 -19.47 0.0012
2020-05-15 2020-03-31 13F BRANDYWINEGBL GLBAL INM OPRT COM 10537L104 425,354 -15,373 4,483 344.3879
2020-02-14 2019-12-31 13F BRANDYWINEGBL GLBAL INM OPRT COM 10537L104 440,727 53,019 13.67 5,567 18.65 0.0013
2019-11-14 2019-09-30 13F BRANDYWINEGBL GLBAL INM OPRT COM 10537L104 387,708 58,183 17.66 4,692 21.27 0.0012
2019-08-14 2019-06-30 13F BRANDYWINEGBL GLBAL INM OPRT COM 10537L104 329,525 11,233 3.53 3,869 9.11 0.0010
2019-05-15 2019-03-31 13F BRANDYWINEGBL GLBAL INM OPRT COM 10537L104 318,292 -4,081 -1.27 3,546 5.98 0.0010
2019-02-14 2018-12-31 13F BRANDYWINEGBL GLBAL INM OPRT COM 10537L104 322,373 -191,871 -37.31 3,346 -40.42 0.0010
2019-04-23 2018-09-30 13F/A-2 BRANDYWINEGBL GLBAL INM OPRT COM 10537L104 514,244 2,561 0.50 5,616 -3.80 0.0014
2018-11-20 2018-09-30 13F/A-1 BRANDYWINEGBL GLBAL INM OPRT COM 10537L104 514,244 0 5,616 0.0014
2018-11-14 2018-09-30 13F BRANDYWINEGBL GLBAL INM OPRT COM 10537L104 514,244 5,616
2019-04-23 2018-06-30 13F/A-1 BRANDYWINEGBL GLBAL INM OPRT COM 10537L104 511,683 78,491 18.12 5,838 4.55 0.0016
2018-08-14 2018-06-30 13F BRANDYWINEGBL GLBAL INM OPRT COM 10537L104 511,683 5,838
2019-04-23 2018-03-31 13F/A-1 BRANDYWINEGBL GLBAL INM OPRT COM 10537L104 433,192 433,192 5,584 0.0015
2018-05-14 2018-03-31 13F BRANDYWINEGBL GLBAL INM OPRT COM 10537L104 433,192 5,584
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.