Western Asset Investment Grade Defined Opportunity Trust
23 hedge funds and large institutions have $37.7M invested in Western Asset Investment Grade Defined Opportunity Trust in 2020 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 7 reducing their positions, and 4 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 7
11% more capital invested
Capital invested by funds: $33.9M → $37.7M (+$3.86M)
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
0.58% less ownership
Funds ownership: 16.68% → 16.1% (-0.58%)
4% less funds holding
Funds holding: 24 → 23 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$744K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$308K |
| 3 |
Morgan Stanley
New York
|
+$230K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$209K |
| 5 |
DMC
Drexel Morgan & Co
Radnor,
Pennsylvania
|
+$201K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$972K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$597K |
| 3 |
RVPG
Relative Value Partners Group
|
-$547K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$331K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$201K |
IGI Hedge Fund Activity: Q2 2020 in Review
23 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q2 2020, worth a combined $37.7M — up 11% from $33.9M a quarter earlier.
Fund positioning in IGI was balanced in Q2 2020: 4 funds opened new positions, 4 closed out, 8 added to existing stakes and 7 trimmed.
The largest buyer was Cetera Advisor Networks, adding an estimated $744K. The largest seller was UBS Group, cutting an estimated $972K.
- 23 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q2 2020, down from 24 in Q1 2020.
- Funds reported $37.7M of Western Asset Investment Grade Defined Opportunity Trust stock for Q2 2020, up 11% quarter-over-quarter.
- 4 funds opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q2 2020 and 4 closed out, a net change of 0 holders.
- The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q2 2020 was Cetera Advisor Networks, an estimated $744K added.
- The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q2 2020 was UBS Group, an estimated $972K sold.
Based on aggregated 13F filings for Q2 2020.