Western Asset Investment Grade Defined Opportunity Trust
37 hedge funds and large institutions have $70.2M invested in Western Asset Investment Grade Defined Opportunity Trust in 2023 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 18 increasing their positions, 6 reducing their positions, and 1 closing their positions.
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
200% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 6
6% more funds holding
Funds holding: 35 → 37 (+2)
2.49% more ownership
Funds ownership: 38.43% → 40.91% (+2.5%)
3% more capital invested
Capital invested by funds: $68M → $70.2M (+$2.21M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$1.84M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.45M |
| 3 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
+$940K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$346K |
| 5 |
RVPG
Relative Value Partners Group
|
+$218K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$688K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$255K |
| 3 |
PA
PFG Advisors
Phoenix,
Arizona
|
-$187K |
| 4 |
PMG
Private Management Group
Irvine,
California
|
-$42.7K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$30.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CAN
26
Cetera Advisor Networks
El Segundo,
California
| $186K | -$16.7K | -1,030 | -8% |
|
|
WA
27
Waverly Advisors
Birmingham,
Alabama
| $176K | – | – | – |
|
|
DI
28
Diligent Investors
Redlands,
California
| $174K | – | – | – |
|
29
Osaic Holdings
Scottsdale,
Arizona
| $52.5K | +$11.1K | +687 | +26% |
|
|
HCP
30
Hexagon Capital Partners
Rogers,
Arkansas
| $25.9K | – | – | – |
|
31
Comerica Bank
Dallas,
Texas
| $19K | +$19.5K | +1,200 | New |
|
|
SPIA
32
Steward Partners Investment Advisory
New York
| $12.6K | – | – | – |
|
|
AF
33
Advisornet Financial
Minnetonka,
Minnesota
| $11.1K | – | – | – |
|
34
JP Morgan Chase
New York
| $5.4K | +$5.53K | +341 | New |
|
|
FIA
35
FNY Investment Advisers
New York
| $4K | – | – | – |
|
|
NA
36
NewEdge Advisors
New Orleans,
Louisiana
| $3.56K | +$3.65K | +225 | New |
|
37
Citigroup
New York
| $16 | – | – | – |
|
|
PA
38
PFG Advisors
Phoenix,
Arizona
| – | -$187K | -11,471 | Closed |
|
IGI Hedge Fund Activity: Q3 2023 in Review
37 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q3 2023, worth a combined $70.2M — up 3.3% from $68M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new IGI positions and 1 closed out — a net gain of 2 holders — while 18 added to existing stakes and 6 trimmed.
The largest buyer was Allspring Global Investments, adding an estimated $1.84M. The largest seller was Morgan Stanley, cutting an estimated $688K.
- 37 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q3 2023, up from 35 in Q2 2023.
- Funds reported $70.2M of Western Asset Investment Grade Defined Opportunity Trust stock for Q3 2023, up 3.3% quarter-over-quarter.
- 3 funds opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q3 2023 and 1 closed out, a net change of +2 holders.
- The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q3 2023 was Allspring Global Investments, an estimated $1.84M added.
- The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q3 2023 was Morgan Stanley, an estimated $688K sold.
Based on aggregated 13F filings for Q3 2023.