Western Asset Investment Grade Defined Opportunity Trust
21 hedge funds and large institutions have $41M invested in Western Asset Investment Grade Defined Opportunity Trust in 2013 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 5 increasing their positions, 6 reducing their positions, and 5 closing their positions.
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
17% more capital invested
Capital invested by funds: $34.9M → $41M (+$6.07M)
17% more funds holding
Funds holding: 18 → 21 (+3)
2.34% more ownership
Funds ownership: 16.54% → 18.88% (+2.3%)
17% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$4.04M |
| 2 |
VKH
Virtu KCG Holdings
New York
|
+$1.04M |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$718K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$575K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$374K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DA
Doliver Advisors
Houston,
Texas
|
-$705K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$674K |
| 3 |
U
UBS
Zurich,
Switzerland
|
-$652K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$387K |
| 5 |
SG Americas Securities
New York
|
-$163K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Nomura Holdings
Tokyo,
Japan
| – | -$33K | -1,672 | Closed |
|
IGI Hedge Fund Activity: Q4 2013 in Review
21 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q4 2013, worth a combined $41M — up 17% from $34.9M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new IGI positions and 5 closed out — a net gain of 3 holders — while 5 added to existing stakes and 6 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $4.04M. The largest seller was Doliver Advisors, exiting entirely with an estimated $705K sold.
- 21 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q4 2013, up from 18 in Q3 2013.
- Funds reported $41M of Western Asset Investment Grade Defined Opportunity Trust stock for Q4 2013, up 17% quarter-over-quarter.
- 8 funds opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q4 2013 and 5 closed out, a net change of +3 holders.
- The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q4 2013 was Saba Capital Management, an estimated $4.04M added.
- The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q4 2013 was Doliver Advisors, an estimated $705K sold.
Based on aggregated 13F filings for Q4 2013.