Western Asset Investment Grade Defined Opportunity Trust
35 hedge funds and large institutions have $68M invested in Western Asset Investment Grade Defined Opportunity Trust in 2023 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 15 increasing their positions, 8 reducing their positions, and 5 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 8
3.05% more ownership
Funds ownership: 35.38% → 38.43% (+3%)
5% more capital invested
Capital invested by funds: $64.9M → $68M (+$3.05M)
8% less funds holding
Funds holding: 38 → 35 (-3)
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$3.17M |
| 2 |
RVPG
Relative Value Partners Group
|
+$643K |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$502K |
| 4 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
+$490K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$456K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.04M |
| 2 |
CWM
Collaborative Wealth Management
Lake Mary,
Florida
|
-$273K |
| 3 |
First Manhattan
New York
|
-$127K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$83.8K |
| 5 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$66.7K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| $189K | -$45.5K | -2,746 | -19% |
|
|
PA
27
PFG Advisors
Phoenix,
Arizona
| $187K | – | – | – |
|
|
WA
28
Waverly Advisors
Birmingham,
Alabama
| $182K | – | – | – |
|
|
DI
29
Diligent Investors
Redlands,
California
| $180K | – | – | – |
|
30
Osaic Holdings
Scottsdale,
Arizona
| $42.9K | +$5.28K | +319 | +14% |
|
|
HCP
31
Hexagon Capital Partners
Rogers,
Arkansas
| $26.7K | – | – | – |
|
|
SPIA
32
Steward Partners Investment Advisory
New York
| $13K | – | – | – |
|
|
AF
33
Advisornet Financial
Minnetonka,
Minnesota
| $11.4K | – | – | – |
|
|
FIA
34
FNY Investment Advisers
New York
| $4K | – | – | – |
|
35
Citigroup
New York
| $16 | – | – | – |
|
|
CWM
36
Collaborative Wealth Management
Lake Mary,
Florida
| – | -$273K | -16,113 | Closed |
|
|
37
First Manhattan
New York
| – | -$127K | -7,500 | Closed |
|
|
CA
38
Clearstead Advisors
Cleveland,
Ohio
| – | -$39.8K | -2,350 | Closed |
|
|
BAM
39
Belpointe Asset Management
Reno,
Nevada
| – | -$17.2K | -1,014 | Closed |
|
40
JP Morgan Chase
New York
| – | -$3K | -159 | Closed |
|
IGI Hedge Fund Activity: Q2 2023 in Review
35 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q2 2023, worth a combined $68M — up 4.7% from $64.9M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of IGI and 2 opened new positions — a net loss of 3 holders — while 8 trimmed existing stakes and 15 added.
The largest buyer was Allspring Global Investments, adding an estimated $3.17M. The largest seller was Morgan Stanley, cutting an estimated $1.04M.
- 35 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q2 2023, down from 38 in Q1 2023.
- Funds reported $68M of Western Asset Investment Grade Defined Opportunity Trust stock for Q2 2023, up 4.7% quarter-over-quarter.
- 2 funds opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q2 2023 and 5 closed out, a net change of -3 holders.
- The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q2 2023 was Allspring Global Investments, an estimated $3.17M added.
- The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q2 2023 was Morgan Stanley, an estimated $1.04M sold.
Based on aggregated 13F filings for Q2 2023.