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IGI

Western Asset Investment Grade Defined Opportunity Trust

18 hedge funds and large institutions have $34.9M invested in Western Asset Investment Grade Defined Opportunity Trust in 2013 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 4 increasing their positions, 5 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 3

20% more funds holding

Funds holding: 1518 (+3)

1.16% more ownership

Funds ownership: 15.38%16.54% (+1.2%)

1% more capital invested

Capital invested by funds: $34.7M → $34.9M (+$261K)

20% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 5

Holders
18
Holders Change
+3
Holders Change %
+20%
% of All Funds
0.58%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
6
Increased
4
Reduced
5
Closed
3
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
First Manhattan
1
First Manhattan
New York
$12.7M +$1.83M +91,028 +16%
U
2
UBS
Switzerland
$9.17M +$10.6K +526 +0.1%
Bank of America
3
Bank of America
North Carolina
$4.21M -$209K -10,403 -5%
GC
4
Guggenheim Capital
Illinois
$4.2M -$292K -14,535 -6%
Morgan Stanley
5
Morgan Stanley
New York
$1.24M -$97K -4,829 -7%
Invesco
6
Invesco
Georgia
$1.04M +$121K +6,041 +13%
DA
7
Doliver Advisors
Texas
$705K +$721K +35,872 New
SFS
8
Shaker Financial Services
Virginia
$387K +$396K +19,717 New
Citigroup
9
Citigroup
New York
$317K
Wells Fargo
10
Wells Fargo
California
$298K -$180K -8,981 -37%
Goldman Sachs
11
Goldman Sachs
New York
$216K +$221K +10,999 New
SG Americas Securities
12
SG Americas Securities
New York
$163K +$167K +8,320 New
Fifth Third Bancorp
13
Fifth Third Bancorp
Ohio
$98K
Ameriprise
14
Ameriprise
Minnesota
$44K
Nomura Holdings
15
Nomura Holdings
Japan
$33K +$33.6K +1,672 New
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$28K +$12.6K +625 +76%
TRCT
17
Tower Research Capital (TRC)
New York
$18K -$4.08K -203 -18%
FAM
18
Formidable Asset Management
Ohio
$10K +$10K +500 New
HighTower Advisors
19
HighTower Advisors
Illinois
-$204K -9,691 Closed
PNC Financial Services Group
20
PNC Financial Services Group
Pennsylvania
-$23K -1,100 Closed
MFS
21
MSI Financial Services
Massachusetts
-$14K -650 Closed

IGI Hedge Fund Activity: Q3 2013 in Review

18 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q3 2013, worth a combined $34.9M — up 0.75% from $34.7M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new IGI positions and 3 closed out — a net gain of 3 holders — while 4 added to existing stakes and 5 trimmed.

The largest buyer was First Manhattan, adding an estimated $1.83M. The largest seller was Guggenheim Capital, cutting an estimated $292K.

  • 18 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q3 2013, up from 15 in Q2 2013.
  • Funds reported $34.9M of Western Asset Investment Grade Defined Opportunity Trust stock for Q3 2013, up 0.75% quarter-over-quarter.
  • 6 funds opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q3 2013 and 3 closed out, a net change of +3 holders.
  • The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q3 2013 was First Manhattan, an estimated $1.83M added.
  • The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q3 2013 was Guggenheim Capital, an estimated $292K sold.

Based on aggregated 13F filings for Q3 2013.