Western Asset Investment Grade Defined Opportunity Trust
24 hedge funds and large institutions have $33.9M invested in Western Asset Investment Grade Defined Opportunity Trust in 2020 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 9 increasing their positions, 5 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
80% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 5
9% more funds holding
Funds holding: 22 → 24 (+2)
1.86% more ownership
Funds ownership: 14.82% → 16.68% (+1.9%)
8% less capital invested
Capital invested by funds: $36.8M → $33.9M (-$2.87M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.17M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$666K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$618K |
| 4 |
RVPG
Relative Value Partners Group
|
+$610K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$432K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DMC
Drexel Morgan & Co
Radnor,
Pennsylvania
|
-$220K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$209K |
| 3 |
FIA
FNY Investment Advisers
New York
|
-$47K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$30.8K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$20.9K |
IGI Hedge Fund Activity: Q1 2020 in Review
24 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q1 2020, worth a combined $33.9M — down 7.8% from $36.8M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new IGI positions and 2 closed out — a net gain of 4 holders — while 9 added to existing stakes and 5 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $1.17M. The largest seller was Drexel Morgan & Co, exiting entirely with an estimated $220K sold.
- 24 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q1 2020, up from 22 in Q4 2019.
- Funds reported $33.9M of Western Asset Investment Grade Defined Opportunity Trust stock for Q1 2020, down 7.8% quarter-over-quarter.
- 6 funds opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q1 2020 and 2 closed out, a net change of +4 holders.
- The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q1 2020 was Sit Investment Associates, an estimated $1.17M added.
- The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q1 2020 was Drexel Morgan & Co, an estimated $220K sold.
Based on aggregated 13F filings for Q1 2020.