Western Asset Investment Grade Defined Opportunity Trust
22 hedge funds and large institutions have $32.7M invested in Western Asset Investment Grade Defined Opportunity Trust in 2016 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 7 increasing their positions, 10 reducing their positions, and 3 closing their positions.
1.81% less ownership
Funds ownership: 15.86% → 14.05% (-1.8%)
8% less funds holding
Funds holding: 24 → 22 (-2)
30% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 10
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
91% less capital inflows, than outflows
Capital inflows: $406K | Capital outflows: $4.57M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$214K |
| 2 |
YP
Yellowstone Partners
Idaho Falls,
Idaho
|
+$38.6K |
| 3 |
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$37.3K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$35.1K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$28.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Manhattan
New York
|
-$2.6M |
| 2 |
Advocacy Wealth Management Services
Atlanta,
Georgia
|
-$534K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$362K |
| 4 |
Guggenheim Capital
Chicago,
Illinois
|
-$361K |
| 5 |
LPL Financial
San Diego,
California
|
-$291K |
IGI Hedge Fund Activity: Q2 2016 in Review
22 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q2 2016, worth a combined $32.7M — down 8.8% from $35.8M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of IGI and 1 opened new positions — a net loss of 2 holders — while 10 trimmed existing stakes and 7 added.
The largest buyer was Morgan Stanley, adding an estimated $214K. The largest seller was First Manhattan, cutting an estimated $2.6M.
- 22 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q2 2016, down from 24 in Q1 2016.
- Funds reported $32.7M of Western Asset Investment Grade Defined Opportunity Trust stock for Q2 2016, down 8.8% quarter-over-quarter.
- 1 fund opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q2 2016 and 3 closed out, a net change of -2 holders.
- The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q2 2016 was Morgan Stanley, an estimated $214K added.
- The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q2 2016 was First Manhattan, an estimated $2.6M sold.
Based on aggregated 13F filings for Q2 2016.