Western Asset Investment Grade Defined Opportunity Trust
27 hedge funds and large institutions have $43.6M invested in Western Asset Investment Grade Defined Opportunity Trust in 2022 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 10 reducing their positions, and 1 closing their positions.
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
8% more funds holding
Funds holding: 25 → 27 (+2)
2.82% more ownership
Funds ownership: 20.99% → 23.81% (+2.8%)
2% more capital invested
Capital invested by funds: $42.6M → $43.6M (+$965K)
30% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$6.46M |
| 2 |
Morgan Stanley
New York
|
+$3.11M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$318K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$281K |
| 5 |
DI
Diligent Investors
Redlands,
California
|
+$200K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$2.97M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$697K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$551K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$523K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$283K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Osaic Holdings
Scottsdale,
Arizona
| $4K | – | – | – |
|
|
FIA
27
FNY Investment Advisers
New York
| $3K | – | – | – |
|
|
WAM
28
Wolverine Asset Management
Chicago,
Illinois
| – | -$697K | -37,239 | Closed |
|
IGI Hedge Fund Activity: Q2 2022 in Review
27 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q2 2022, worth a combined $43.6M — up 2.3% from $42.6M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new IGI positions and 1 closed out — a net gain of 2 holders — while 7 added to existing stakes and 10 trimmed.
The largest buyer was 1607 Capital Partners, adding an estimated $6.46M. The largest seller was Cetera Advisor Networks, cutting an estimated $2.97M.
- 27 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q2 2022, up from 25 in Q1 2022.
- Funds reported $43.6M of Western Asset Investment Grade Defined Opportunity Trust stock for Q2 2022, up 2.3% quarter-over-quarter.
- 3 funds opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q2 2022 and 1 closed out, a net change of +2 holders.
- The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q2 2022 was 1607 Capital Partners, an estimated $6.46M added.
- The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q2 2022 was Cetera Advisor Networks, an estimated $2.97M sold.
Based on aggregated 13F filings for Q2 2022.