Western Asset Investment Grade Defined Opportunity Trust
23 hedge funds and large institutions have $33.4M invested in Western Asset Investment Grade Defined Opportunity Trust in 2017 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
5% more funds holding
Funds holding: 22 → 23 (+1)
3% more capital invested
Capital invested by funds: $32.3M → $33.4M (+$1.07M)
0.52% less ownership
Funds ownership: 14.48% → 13.96% (-0.52%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$777K |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$314K |
| 3 |
DMC
Drexel Morgan & Co
Radnor,
Pennsylvania
|
+$200K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$114K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$83.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$1.26M |
| 2 |
LPL Financial
San Diego,
California
|
-$789K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$238K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$169K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$119K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
LPL Financial
San Diego,
California
| – | -$789K | -38,552 | Closed |
|
|
WAM
27
Wolverine Asset Management
Chicago,
Illinois
| – | -$238K | -11,684 | Closed |
|
|
RFM
28
Royal Fund Management
Lady Lake,
Florida
| – | -$16K | -824 | Closed |
|
IGI Hedge Fund Activity: Q2 2017 in Review
23 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q2 2017, worth a combined $33.4M — up 3.3% from $32.3M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new IGI positions and 3 closed out — a net gain of 1 holder — while 7 added to existing stakes and 6 trimmed.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $777K. The largest seller was UBS Group, cutting an estimated $1.26M.
- 23 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q2 2017, up from 22 in Q1 2017.
- Funds reported $33.4M of Western Asset Investment Grade Defined Opportunity Trust stock for Q2 2017, up 3.3% quarter-over-quarter.
- 4 funds opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q2 2017 and 3 closed out, a net change of +1 holder.
- The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q2 2017 was Robinson Capital Management, an estimated $777K added.
- The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q2 2017 was UBS Group, an estimated $1.26M sold.
Based on aggregated 13F filings for Q2 2017.