Western Asset Investment Grade Defined Opportunity Trust
40 hedge funds and large institutions have $77.2M invested in Western Asset Investment Grade Defined Opportunity Trust in 2024 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 16 reducing their positions, and 4 closing their positions.
2.38% less ownership
Funds ownership: 43.56% → 41.18% (-2.4%)
2% less funds holding
Funds holding: 41 → 40 (-1)
7% less capital invested
Capital invested by funds: $83M → $77.2M (-$5.84M)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
25% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$9.3M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.33M |
| 3 |
HC
Hara Capital
Bellevue,
Washington
|
+$860K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$467K |
| 5 |
Jane Street
New York
|
+$400K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$13.3M |
| 2 |
Morgan Stanley
New York
|
-$3.2M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$1.54M |
| 4 |
PMG
Private Management Group
Irvine,
California
|
-$902K |
| 5 |
AC
Almitas Capital
Santa Monica,
California
|
-$415K |
IGI Hedge Fund Activity: Q1 2024 in Review
40 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q1 2024, worth a combined $77.2M — down 7% from $83M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of IGI and 3 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 12 added.
The largest buyer was Karpus Investment Management, adding an estimated $9.3M. The largest seller was 1607 Capital Partners, cutting an estimated $13.3M.
- 40 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q1 2024, down from 41 in Q4 2023.
- Funds reported $77.2M of Western Asset Investment Grade Defined Opportunity Trust stock for Q1 2024, down 7% quarter-over-quarter.
- 3 funds opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q1 2024 and 4 closed out, a net change of -1 holder.
- The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q1 2024 was Karpus Investment Management, an estimated $9.3M added.
- The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q1 2024 was 1607 Capital Partners, an estimated $13.3M sold.
Based on aggregated 13F filings for Q1 2024.