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IGI

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.

New
Increased
Maintained
Reduced
Closed

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: 2323 (0)

0.79% less ownership

Funds ownership: 14.91%14.12% (-0.79%)

14% less capital invested

Capital invested by funds: $36.6M → $31.4M (-$5.2M)

Holders
23
Holders Change
Holders Change %
0%
% of All Funds
0.57%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
4
Increased
9
Reduced
8
Closed
3
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
UBS Group
1
UBS Group
Switzerland
$15.2M +$3.19M +153,391 +26%
Bank of America
2
Bank of America
North Carolina
$3.93M +$221K +10,652 +6%
First Manhattan
3
First Manhattan
New York
$2.59M -$4.79M -230,287 -64%
Morgan Stanley
4
Morgan Stanley
New York
$2.5M +$188K +9,054 +8%
Invesco
5
Invesco
Georgia
$1.71M -$103K -4,972 -6%
CAN
6
Cetera Advisor Networks
California
$1.05M -$658K -31,639 -38%
DA
7
Doliver Advisors
Texas
$730K +$744K +35,795 New
LPL Financial
8
LPL Financial
California
$636K +$133K +6,389 +26%
GC
9
Guggenheim Capital
Illinois
$504K -$205K -9,845 -29%
Royal Bank of Canada
10
Royal Bank of Canada
Ontario, Canada
$473K +$2.27K +109 +0.5%
RJA
11
Raymond James & Associates
Florida
$311K -$66.7K -3,209 -17%
SFG
12
StrategIQ Financial Group
Indiana
$306K
SG Americas Securities
13
SG Americas Securities
New York
$296K +$301K +14,498 New
Ameriprise
14
Ameriprise
Minnesota
$230K -$38.1K -1,834 -14%
AGM
15
Alpine Global Management
New York
$224K +$229K +10,998 New
Citigroup
16
Citigroup
New York
$223K +$21.2K +1,018 +10%
RJFSA
17
Raymond James Financial Services Advisors
Florida
$207K +$1.08K +52 +0.5%
Wells Fargo
18
Wells Fargo
California
$85K -$18.9K -908 -18%
MFS
19
MSI Financial Services
Massachusetts
$70K +$831 +40 +1%
LTFS
20
Ladenburg Thalmann Financial Services
Florida
$56K +$19.6K +944 +54%
RFM
21
Royal Fund Management
Florida
$16K +$17.1K +824 New
FWM
22
Focused Wealth Management
New York
$15K
PCM
23
Penserra Capital Management
California
$3K -$811 -39 -18%
NFG
24
Next Financial Group
Texas
$3K
AWMS
25
Advocacy Wealth Management Services
Georgia
-$473K -20,942 Closed

IGI Hedge Fund Activity: Q4 2016 in Review

23 of the 4,000 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.