Western Asset Investment Grade Defined Opportunity Trust
32 hedge funds and large institutions have $55.9M invested in Western Asset Investment Grade Defined Opportunity Trust in 2022 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 13 increasing their positions, 4 reducing their positions, and 2 closing their positions.
225% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 4
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
32% more capital invested
Capital invested by funds: $42.5M → $55.9M (+$13.4M)
10% more funds holding
Funds holding: 29 → 32 (+3)
6.05% more ownership
Funds ownership: 25.61% → 31.66% (+6.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$5.69M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.22M |
| 3 |
PMG
Private Management Group
Irvine,
California
|
+$1.6M |
| 4 |
MSAM
Moloney Securities Asset Management
Manchester,
Missouri
|
+$555K |
| 5 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$525K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$485K |
| 2 |
Morgan Stanley
New York
|
-$423K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$280K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$4.16K |
| 5 |
FIA
FNY Investment Advisers
New York
|
-$3K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Osaic Holdings
Scottsdale,
Arizona
| $36K | – | – | – |
|
|
HCP
27
Hexagon Capital Partners
Rogers,
Arkansas
| $26.6K | – | – | – |
|
|
BAM
28
Belpointe Asset Management
Reno,
Nevada
| $16.5K | +$16.3K | +1,014 | New |
|
|
SPIA
29
Steward Partners Investment Advisory
New York
| $13K | -$1.06K | -66 | -8% |
|
|
AF
30
Advisornet Financial
Minnetonka,
Minnesota
| $11.4K | – | – | – |
|
|
HNB
31
Huntington National Bank
Columbus,
Ohio
| $9.77K | – | – | – |
|
|
AF
32
Allworth Financial
Folsom,
California
| $4.88K | +$4.82K | +300 | New |
|
33
Citigroup
New York
| $16 | – | – | – |
|
|
RCM
34
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$280K | -18,270 | Closed |
|
|
FIA
35
FNY Investment Advisers
New York
| – | -$3K | -200 | Closed |
|
IGI Hedge Fund Activity: Q4 2022 in Review
32 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q4 2022, worth a combined $55.9M — up 32% from $42.5M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new IGI positions and 2 closed out — a net gain of 3 holders — while 13 added to existing stakes and 4 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $5.69M. The largest seller was UBS Group, cutting an estimated $485K.
- 32 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q4 2022, up from 29 in Q3 2022.
- Funds reported $55.9M of Western Asset Investment Grade Defined Opportunity Trust stock for Q4 2022, up 32% quarter-over-quarter.
- 5 funds opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q4 2022 and 2 closed out, a net change of +3 holders.
- The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q4 2022 was Sit Investment Associates, an estimated $5.69M added.
- The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q4 2022 was UBS Group, an estimated $485K sold.
Based on aggregated 13F filings for Q4 2022.