Western Asset Investment Grade Defined Opportunity Trust
23 hedge funds and large institutions have $51M invested in Western Asset Investment Grade Defined Opportunity Trust in 2014 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 4 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
125% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 4
15% more funds holding
Funds holding: 20 → 23 (+3)
7% more capital invested
Capital invested by funds: $47.7M → $51M (+$3.34M)
0.32% more ownership
Funds ownership: 21.97% → 22.29% (+0.32%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
+$1.05M |
| 2 |
First Manhattan
New York
|
+$1.03M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.01M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$763K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
+$234K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$2.61M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$489K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$453K |
| 4 |
SG Americas Securities
New York
|
-$181K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$143K |
IGI Hedge Fund Activity: Q2 2014 in Review
23 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q2 2014, worth a combined $51M — up 7% from $47.7M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new IGI positions and 2 closed out — a net gain of 3 holders — while 9 added to existing stakes and 4 trimmed.
The largest buyer was UBS, adding an estimated $1.05M. The largest seller was Saba Capital Management, cutting an estimated $2.61M.
- 23 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q2 2014, up from 20 in Q1 2014.
- Funds reported $51M of Western Asset Investment Grade Defined Opportunity Trust stock for Q2 2014, up 7% quarter-over-quarter.
- 5 funds opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q2 2014 and 2 closed out, a net change of +3 holders.
- The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q2 2014 was UBS, an estimated $1.05M added.
- The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q2 2014 was Saba Capital Management, an estimated $2.61M sold.
Based on aggregated 13F filings for Q2 2014.