Western Asset Investment Grade Defined Opportunity Trust
24 hedge funds and large institutions have $34.3M invested in Western Asset Investment Grade Defined Opportunity Trust in 2020 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 10 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
4% more funds holding
Funds holding: 23 → 24 (+1)
0.83% less ownership
Funds ownership: 16.1% → 15.27% (-0.83%)
9% less capital invested
Capital invested by funds: $37.7M → $34.3M (-$3.43M)
40% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$1.24M |
| 2 |
MSAM
Moloney Securities Asset Management
Manchester,
Missouri
|
+$840K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$230K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$167K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$40.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$2.01M |
| 2 |
UR
USCA RIA
Houston,
Texas
|
-$1.35M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$297K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$230K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$213K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PAG
26
Private Advisor Group
Morristown,
New Jersey
| – | -$5K | -250 | Closed |
|
27
Barclays
London,
United Kingdom
| – | +$460 | +21 | New |
|
IGI Hedge Fund Activity: Q3 2020 in Review
24 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q3 2020, worth a combined $34.3M — down 9.1% from $37.7M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new IGI positions and 3 closed out — a net gain of 1 holder — while 6 added to existing stakes and 10 trimmed.
The largest buyer was UBS Group, adding an estimated $1.24M. The largest seller was Bank of America, cutting an estimated $2.01M.
- 24 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q3 2020, up from 23 in Q2 2020.
- Funds reported $34.3M of Western Asset Investment Grade Defined Opportunity Trust stock for Q3 2020, down 9.1% quarter-over-quarter.
- 4 funds opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q3 2020 and 3 closed out, a net change of +1 holder.
- The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q3 2020 was UBS Group, an estimated $1.24M added.
- The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q3 2020 was Bank of America, an estimated $2.01M sold.
Based on aggregated 13F filings for Q3 2020.