Western Asset Investment Grade Defined Opportunity Trust
25 hedge funds and large institutions have $31.2M invested in Western Asset Investment Grade Defined Opportunity Trust in 2018 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 6 increasing their positions, 10 reducing their positions, and 4 closing their positions.
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
9% more funds holding
Funds holding: 23 → 25 (+2)
2.01% more ownership
Funds ownership: 13.51% → 15.52% (+2%)
2% more capital invested
Capital invested by funds: $30.5M → $31.2M (+$662K)
40% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UR
USCA RIA
Houston,
Texas
|
+$2.86M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.45M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.02M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$440K |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$240K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$1.72M |
| 2 |
First Manhattan
New York
|
-$742K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$303K |
| 4 |
LPL Financial
San Diego,
California
|
-$264K |
| 5 |
DMC
Drexel Morgan & Co
Radnor,
Pennsylvania
|
-$201K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
LPL Financial
San Diego,
California
| – | -$264K | -12,652 | Closed |
|
|
DMC
27
Drexel Morgan & Co
Radnor,
Pennsylvania
| – | -$201K | -9,615 | Closed |
|
|
AWM
28
Aevitas Wealth Management
Wellesley Hills,
Massachusetts
| – | -$131K | -6,292 | Closed |
|
|
FWM
29
Focused Wealth Management
Newburgh,
New York
| – | -$10K | -478 | Closed |
|
IGI Hedge Fund Activity: Q4 2018 in Review
25 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q4 2018, worth a combined $31.2M — up 2.2% from $30.5M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new IGI positions and 4 closed out — a net gain of 2 holders — while 6 added to existing stakes and 10 trimmed.
The largest buyer was USCA RIA, opening a new position worth an estimated $2.86M. The largest seller was UBS Group, cutting an estimated $1.72M.
- 25 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q4 2018, up from 23 in Q3 2018.
- Funds reported $31.2M of Western Asset Investment Grade Defined Opportunity Trust stock for Q4 2018, up 2.2% quarter-over-quarter.
- 6 funds opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q4 2018 and 4 closed out, a net change of +2 holders.
- The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q4 2018 was USCA RIA, an estimated $2.86M added.
- The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q4 2018 was UBS Group, an estimated $1.72M sold.
Based on aggregated 13F filings for Q4 2018.