Western Asset Investment Grade Defined Opportunity Trust
37 hedge funds and large institutions have $78.5M invested in Western Asset Investment Grade Defined Opportunity Trust in 2024 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 12 reducing their positions, and 7 closing their positions.
1.16% more ownership
Funds ownership: 41.18% → 42.34% (+1.2%)
2% more capital invested
Capital invested by funds: $77.2M → $78.5M (+$1.29M)
8% less funds holding
Funds holding: 40 → 37 (-3)
17% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 12
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Almitas Capital
Santa Monica,
California
|
+$3.54M |
| 2 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
+$2.24M |
| 3 |
Jane Street
New York
|
+$1.53M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$784K |
| 5 |
HC
Hara Capital
Bellevue,
Washington
|
+$586K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSAM
Moloney Securities Asset Management
Manchester,
Missouri
|
-$2.12M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.85M |
| 3 |
RVPG
Relative Value Partners Group
|
-$872K |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$325K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$310K |
IGI Hedge Fund Activity: Q2 2024 in Review
37 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q2 2024, worth a combined $78.5M — up 1.7% from $77.2M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of IGI and 5 opened new positions — a net loss of 2 holders — while 12 trimmed existing stakes and 10 added.
The largest buyer was Almitas Capital, opening a new position worth an estimated $3.54M. The largest seller was Moloney Securities Asset Management, exiting entirely with an estimated $2.12M sold.
- 37 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q2 2024, down from 40 in Q1 2024.
- Funds reported $78.5M of Western Asset Investment Grade Defined Opportunity Trust stock for Q2 2024, up 1.7% quarter-over-quarter.
- 5 funds opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q2 2024 and 7 closed out, a net change of -2 holders.
- The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q2 2024 was Almitas Capital, an estimated $3.54M added.
- The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q2 2024 was Moloney Securities Asset Management, an estimated $2.12M sold.
Based on aggregated 13F filings for Q2 2024.