Western Asset Investment Grade Defined Opportunity Trust
25 hedge funds and large institutions have $42.6M invested in Western Asset Investment Grade Defined Opportunity Trust in 2022 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 9 reducing their positions, and 4 closing their positions.
3.69% more ownership
Funds ownership: 17.3% → 20.99% (+3.7%)
4% more capital invested
Capital invested by funds: $40.8M → $42.6M (+$1.83M)
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
4% less funds holding
Funds holding: 26 → 25 (-1)
22% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$13.7M |
| 2 |
Morgan Stanley
New York
|
+$2.57M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$728K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$46.4K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$35.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$5.19M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$2.09M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$502K |
| 4 |
LPL Financial
San Diego,
California
|
-$224K |
| 5 |
OHWP
Oak Harbor Wealth Partners
Raleigh,
North Carolina
|
-$222K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
LPL Financial
San Diego,
California
| – | -$224K | -10,228 | Closed |
|
|
OHWP
27
Oak Harbor Wealth Partners
Raleigh,
North Carolina
| – | -$222K | -10,135 | Closed |
|
|
LC
28
Lindbrook Capital
Calabasas,
California
| – | -$109K | -5,000 | Closed |
|
IGI Hedge Fund Activity: Q1 2022 in Review
25 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q1 2022, worth a combined $42.6M — up 4.5% from $40.8M a quarter earlier.
Fund positioning in IGI was balanced in Q1 2022: 4 funds opened new positions, 4 closed out, 7 added to existing stakes and 9 trimmed.
The largest buyer was 1607 Capital Partners, opening a new position worth an estimated $13.7M. The largest seller was Sit Investment Associates, cutting an estimated $5.19M.
- 25 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q1 2022, down from 26 in Q4 2021.
- Funds reported $42.6M of Western Asset Investment Grade Defined Opportunity Trust stock for Q1 2022, up 4.5% quarter-over-quarter.
- 4 funds opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q1 2022 and 4 closed out, a net change of 0 holders.
- The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q1 2022 was 1607 Capital Partners, an estimated $13.7M added.
- The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q1 2022 was Sit Investment Associates, an estimated $5.19M sold.
Based on aggregated 13F filings for Q1 2022.