Western Asset Investment Grade Defined Opportunity Trust
29 hedge funds and large institutions have $42.5M invested in Western Asset Investment Grade Defined Opportunity Trust in 2022 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 5 reducing their positions, and 1 closing their positions.
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
140% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 5
7% more funds holding
Funds holding: 27 → 29 (+2)
1.8% more ownership
Funds ownership: 23.81% → 25.61% (+1.8%)
2% less capital invested
Capital invested by funds: $43.6M → $42.5M (-$1.08M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.27M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.23M |
| 3 |
PMG
Private Management Group
Irvine,
California
|
+$1.1M |
| 4 |
MSAM
Moloney Securities Asset Management
Manchester,
Missouri
|
+$764K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$362K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$1.76M |
| 2 |
Morgan Stanley
New York
|
-$1.22M |
| 3 |
First Manhattan
New York
|
-$1.12M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$133K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$31.1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SPIA
26
Steward Partners Investment Advisory
New York
| $13K | – | – | – |
|
|
AF
27
Advisornet Financial
Minnetonka,
Minnesota
| $11K | – | – | – |
|
|
HNB
28
Huntington National Bank
Columbus,
Ohio
| $9K | – | – | – |
|
|
FIA
29
FNY Investment Advisers
New York
| $3K | – | – | – |
|
|
30
Invesco
Atlanta,
Georgia
| – | -$1.76M | -104,129 | Closed |
|
IGI Hedge Fund Activity: Q3 2022 in Review
29 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q3 2022, worth a combined $42.5M — down 2.5% from $43.6M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new IGI positions and 1 closed out — a net gain of 2 holders — while 12 added to existing stakes and 5 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $3.27M. The largest seller was Invesco, exiting entirely with an estimated $1.76M sold.
- 29 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q3 2022, up from 27 in Q2 2022.
- Funds reported $42.5M of Western Asset Investment Grade Defined Opportunity Trust stock for Q3 2022, down 2.5% quarter-over-quarter.
- 3 funds opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q3 2022 and 1 closed out, a net change of +2 holders.
- The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q3 2022 was Sit Investment Associates, an estimated $3.27M added.
- The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q3 2022 was Invesco, an estimated $1.76M sold.
Based on aggregated 13F filings for Q3 2022.