Western Asset Investment Grade Defined Opportunity Trust
23 hedge funds and large institutions have $31.4M invested in Western Asset Investment Grade Defined Opportunity Trust in 2016 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
13% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 8
0% more funds holding
Funds holding: 23 → 23 (0)
0.79% less ownership
Funds ownership: 14.91% → 14.12% (-0.79%)
23% less capital inflows, than outflows
Capital inflows: $5.07M | Capital outflows: $6.57M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$3.19M |
| 2 |
Doliver Advisors
Houston,
Texas
|
+$744K |
| 3 |
SG Americas Securities
New York
|
+$301K |
| 4 |
AGM
Alpine Global Management
New York
|
+$229K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$221K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Manhattan
New York
|
-$4.79M |
| 2 |
Cetera Advisor Networks
El Segundo,
California
|
-$658K |
| 3 |
Advocacy Wealth Management Services
Atlanta,
Georgia
|
-$473K |
| 4 |
Drexel Morgan & Co
Radnor,
Pennsylvania
|
-$217K |
| 5 |
Guggenheim Capital
Chicago,
Illinois
|
-$205K |
IGI Hedge Fund Activity: Q4 2016 in Review
23 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q4 2016, worth a combined $31.4M — down 14% from $36.6M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new IGI positions and 3 closed out — a net gain of 1 holder — while 9 added to existing stakes and 8 trimmed.
The largest buyer was UBS Group, adding an estimated $3.19M. The largest seller was First Manhattan, cutting an estimated $4.79M.
- 23 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q4 2016, unchanged from Q3 2016.
- Funds reported $31.4M of Western Asset Investment Grade Defined Opportunity Trust stock for Q4 2016, down 14% quarter-over-quarter.
- 4 funds opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q4 2016 and 3 closed out, a net change of +1 holder.
- The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q4 2016 was UBS Group, an estimated $3.19M added.
- The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q4 2016 was First Manhattan, an estimated $4.79M sold.
Based on aggregated 13F filings for Q4 2016.