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.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
20% more funds holding
Funds holding: 15 → 18 (+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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Manhattan
New York
|
+$1.83M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
+$721K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$396K |
| 4 |
Goldman Sachs
New York
|
+$221K |
| 5 |
SG Americas Securities
New York
|
+$167K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$292K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$209K |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
-$204K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$180K |
| 5 |
Morgan Stanley
New York
|
-$97K |
IGI Hedge Fund Activity: Q3 2013 in Review
18 of the 3,096 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.