Western Asset Investment Grade Defined Opportunity Trust
22 hedge funds and large institutions have $48.5M invested in Western Asset Investment Grade Defined Opportunity Trust in 2014 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 4 increasing their positions, 5 reducing their positions, and 3 closing their positions.
133% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 3
10% more funds holding
Funds holding: 20 → 22 (+2)
3% more capital invested
Capital invested by funds: $47.3M → $48.5M (+$1.18M)
0.22% less ownership
Funds ownership: 21.67% → 21.45% (-0.22%)
20% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG Americas Securities
New York
|
+$273K |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$247K |
| 3 |
DMC
Drexel Morgan & Co
Radnor,
Pennsylvania
|
+$197K |
| 4 |
Morgan Stanley
New York
|
+$111K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$69.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.39M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$757K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$602K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$243K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$50.4K |
IGI Hedge Fund Activity: Q4 2014 in Review
22 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q4 2014, worth a combined $48.5M — up 2.5% from $47.3M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new IGI positions and 3 closed out — a net gain of 4 holders — while 4 added to existing stakes and 5 trimmed.
The largest buyer was SG Americas Securities, opening a new position worth an estimated $273K. The largest seller was Sit Investment Associates, cutting an estimated $2.39M.
- 22 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q4 2014, up from 20 in Q3 2014.
- Funds reported $48.5M of Western Asset Investment Grade Defined Opportunity Trust stock for Q4 2014, up 2.5% quarter-over-quarter.
- 7 funds opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q4 2014 and 3 closed out, a net change of +4 holders.
- The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q4 2014 was SG Americas Securities, an estimated $273K added.
- The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q4 2014 was Sit Investment Associates, an estimated $2.39M sold.
Based on aggregated 13F filings for Q4 2014.