Western Asset Investment Grade Defined Opportunity Trust
19 hedge funds and large institutions have $42.7M invested in Western Asset Investment Grade Defined Opportunity Trust in 2015 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 5 increasing their positions, 10 reducing their positions, and 4 closing their positions.
2.49% less ownership
Funds ownership: 21.45% → 18.96% (-2.5%)
12% less capital invested
Capital invested by funds: $48.5M → $42.7M (-$5.77M)
14% less funds holding
Funds holding: 22 → 19 (-3)
50% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 10
75% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$122K |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$46.1K |
| 3 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
+$28.7K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$25.4K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$7.63K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$4.52M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$406K |
| 3 |
SG Americas Securities
New York
|
-$280K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$167K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$165K |
IGI Hedge Fund Activity: Q1 2015 in Review
19 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q1 2015, worth a combined $42.7M — down 12% from $48.5M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of IGI and 1 opened new positions — a net loss of 3 holders — while 10 trimmed existing stakes and 5 added.
The largest buyer was Bank of America, adding an estimated $122K. The largest seller was Sit Investment Associates, exiting entirely with an estimated $4.52M sold.
- 19 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q1 2015, down from 22 in Q4 2014.
- Funds reported $42.7M of Western Asset Investment Grade Defined Opportunity Trust stock for Q1 2015, down 12% quarter-over-quarter.
- 1 fund opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q1 2015 and 4 closed out, a net change of -3 holders.
- The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q1 2015 was Bank of America, an estimated $122K added.
- The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q1 2015 was Sit Investment Associates, an estimated $4.52M sold.
Based on aggregated 13F filings for Q1 2015.