Western Asset Investment Grade Defined Opportunity Trust
25 hedge funds and large institutions have $39.5M invested in Western Asset Investment Grade Defined Opportunity Trust in 2020 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 11 increasing their positions, 5 reducing their positions, and 5 closing their positions.
120% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 5
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
15% more capital invested
Capital invested by funds: $34.3M → $39.5M (+$5.16M)
4% more funds holding
Funds holding: 24 → 25 (+1)
1.02% more ownership
Funds ownership: 15.27% → 16.29% (+1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.17M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$846K |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$593K |
| 4 |
Morgan Stanley
New York
|
+$332K |
| 5 |
Citigroup
New York
|
+$251K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSAM
Moloney Securities Asset Management
Manchester,
Missouri
|
-$796K |
| 2 |
UR
USCA RIA
Houston,
Texas
|
-$641K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$217K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$123K |
| 5 |
First Manhattan
New York
|
-$84.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MSAM
26
Moloney Securities Asset Management
Manchester,
Missouri
| – | -$796K | -38,401 | Closed |
|
|
WAM
27
Wolverine Asset Management
Chicago,
Illinois
| – | -$217K | -10,495 | Closed |
|
28
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$41K | -2,000 | Closed |
|
|
TRCT
29
Tower Research Capital (TRC)
New York
| – | -$3K | -157 | Closed |
|
IGI Hedge Fund Activity: Q4 2020 in Review
25 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q4 2020, worth a combined $39.5M — up 15% from $34.3M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new IGI positions and 5 closed out — a net gain of 1 holder — while 11 added to existing stakes and 5 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $1.17M. The largest seller was Moloney Securities Asset Management, exiting entirely with an estimated $796K sold.
- 25 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q4 2020, up from 24 in Q3 2020.
- Funds reported $39.5M of Western Asset Investment Grade Defined Opportunity Trust stock for Q4 2020, up 15% quarter-over-quarter.
- 6 funds opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q4 2020 and 5 closed out, a net change of +1 holder.
- The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q4 2020 was Sit Investment Associates, an estimated $1.17M added.
- The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q4 2020 was Moloney Securities Asset Management, an estimated $796K sold.
Based on aggregated 13F filings for Q4 2020.