Western Asset Investment Grade Defined Opportunity Trust
24 hedge funds and large institutions have $35.8M invested in Western Asset Investment Grade Defined Opportunity Trust in 2016 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 7 increasing their positions, 7 reducing their positions, and 1 closing their positions.
400% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 1
20% more funds holding
Funds holding: 20 → 24 (+4)
0% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 7
1.74% less ownership
Funds ownership: 17.6% → 15.86% (-1.7%)
6% less capital invested
Capital invested by funds: $38.2M → $35.8M (-$2.39M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWMS
Advocacy Wealth Management Services
Atlanta,
Georgia
|
+$1.5M |
| 2 |
YP
Yellowstone Partners
Idaho Falls,
Idaho
|
+$219K |
| 3 |
LPL Financial
San Diego,
California
|
+$204K |
| 4 |
DMC
Drexel Morgan & Co
Radnor,
Pennsylvania
|
+$194K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$194K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Manhattan
New York
|
-$4.84M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$573K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$419K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$292K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$15K |
IGI Hedge Fund Activity: Q1 2016 in Review
24 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q1 2016, worth a combined $35.8M — down 6.2% from $38.2M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new IGI positions and 1 closed out — a net gain of 4 holders — while 7 added to existing stakes and 7 trimmed.
The largest buyer was Advocacy Wealth Management Services, opening a new position worth an estimated $1.5M. The largest seller was First Manhattan, cutting an estimated $4.84M.
- 24 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q1 2016, up from 20 in Q4 2015.
- Funds reported $35.8M of Western Asset Investment Grade Defined Opportunity Trust stock for Q1 2016, down 6.2% quarter-over-quarter.
- 5 funds opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q1 2016 and 1 closed out, a net change of +4 holders.
- The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q1 2016 was Advocacy Wealth Management Services, an estimated $1.5M added.
- The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q1 2016 was First Manhattan, an estimated $4.84M sold.
Based on aggregated 13F filings for Q1 2016.