Western Asset Investment Grade Defined Opportunity Trust
20 hedge funds and large institutions have $47.3M invested in Western Asset Investment Grade Defined Opportunity Trust in 2014 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 6 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 5
0.62% less ownership
Funds ownership: 22.29% → 21.67% (-0.62%)
7% less capital invested
Capital invested by funds: $51M → $47.3M (-$3.73M)
13% less funds holding
Funds holding: 23 → 20 (-3)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
+$2.05M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$117K |
| 3 |
Morgan Stanley
New York
|
+$73.8K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$65K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$43K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.09M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$793K |
| 3 |
First Manhattan
New York
|
-$449K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$438K |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$310K |
IGI Hedge Fund Activity: Q3 2014 in Review
20 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q3 2014, worth a combined $47.3M — down 7.3% from $51M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of IGI and 3 opened new positions — a net loss of 3 holders — while 5 trimmed existing stakes and 7 added.
The largest buyer was UBS, adding an estimated $2.05M. The largest seller was Sit Investment Associates, cutting an estimated $1.09M.
- 20 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q3 2014, down from 23 in Q2 2014.
- Funds reported $47.3M of Western Asset Investment Grade Defined Opportunity Trust stock for Q3 2014, down 7.3% quarter-over-quarter.
- 3 funds opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q3 2014 and 6 closed out, a net change of -3 holders.
- The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q3 2014 was UBS, an estimated $2.05M added.
- The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q3 2014 was Sit Investment Associates, an estimated $1.09M sold.
Based on aggregated 13F filings for Q3 2014.