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IGI

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.

New
Increased
Maintained
Reduced
Closed

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: 2023 (+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%)

Holders
23
Holders Change
+3
Holders Change %
+15%
% of All Funds
0.66%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
5
Increased
9
Reduced
4
Closed
2
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
First Manhattan
1
First Manhattan
New York
$15.6M +$1.03M +50,326 +7%
U
2
UBS
Switzerland
$12.1M +$1.05M +51,368 +10%
SIA
3
Sit Investment Associates
Minnesota
$8.17M +$763K +37,202 +11%
Bank of America
4
Bank of America
North Carolina
$4.7M -$143K -6,994 -3%
GC
5
Guggenheim Capital
Illinois
$2.73M -$453K -22,070 -15%
Morgan Stanley
6
Morgan Stanley
New York
$1.79M +$97.4K +4,749 +6%
Invesco
7
Invesco
Georgia
$1.34M +$130K +6,323 +11%
1CP
8
1607 Capital Partners
Virginia
$1.04M +$1.01M +49,082 New
CAN
9
Cetera Advisor Networks
California
$991K +$61.3K +2,989 +7%
Wells Fargo
10
Wells Fargo
California
$933K +$24.4K +1,191 +3%
AQR Capital Management
11
AQR Capital Management
Connecticut
$310K -$104K -5,091 -26%
Citigroup
12
Citigroup
New York
$273K
VKH
13
Virtu KCG Holdings
New York
$243K +$234K +11,413 New
Royal Bank of Canada
14
Royal Bank of Canada
Ontario, Canada
$239K +$217K +10,601 +1,683%
Commonwealth Equity Services
15
Commonwealth Equity Services
Massachusetts
$228K +$287 +14 +0.1%
SCM
16
Saba Capital Management
New York
$222K -$2.61M -127,164 -92%
Ameriprise
17
Ameriprise
Minnesota
$47K
FWM
18
Focused Wealth Management
New York
$35K +$33.4K +1,628 New
LTFS
19
Ladenburg Thalmann Financial Services
Florida
$35K +$33.4K +1,628 New
FAM
20
Formidable Asset Management
Ohio
$11K
FHA
21
First Horizon Advisors
Tennessee
$10K
WA
22
WFG Advisors
Texas
$9K +$8.2K +400 New
TRCT
23
Tower Research Capital (TRC)
New York
$4K
KIM
24
Karpus Investment Management
New York
-$489K -24,243 Closed
SG Americas Securities
25
SG Americas Securities
New York
-$181K -8,960 Closed

IGI Hedge Fund Activity: Q2 2014 in Review

23 of the 3,479 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.