Western Asset Investment Grade Defined Opportunity Trust
24 hedge funds and large institutions have $29.4M invested in Western Asset Investment Grade Defined Opportunity Trust in 2018 Q2 according to their latest regulatory filings, with 0 funds opening new positions, 9 increasing their positions, 6 reducing their positions, and 1 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 6
0.72% less ownership
Funds ownership: 13.68% → 12.96% (-0.72%)
4% less funds holding
Funds holding: 25 → 24 (-1)
7% less capital invested
Capital invested by funds: $31.6M → $29.4M (-$2.24M)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$202K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$47.3K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$35.5K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$23K |
| 5 |
DAS
Dynamic Advisor Solutions
Phoenix,
Arizona
|
+$16.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LF
Lee Financial
Dallas,
Texas
|
-$946K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$651K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$244K |
| 4 |
Morgan Stanley
New York
|
-$53.5K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$40.2K |
IGI Hedge Fund Activity: Q2 2018 in Review
24 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q2 2018, worth a combined $29.4M — down 7.1% from $31.6M a quarter earlier.
Sellers outnumbered buyers: 1 fund closed out of IGI and 0 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 9 added.
The largest buyer was Northwestern Mutual Wealth Management, adding an estimated $202K. The largest seller was Lee Financial, cutting an estimated $946K.
- 24 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q2 2018, down from 25 in Q1 2018.
- Funds reported $29.4M of Western Asset Investment Grade Defined Opportunity Trust stock for Q2 2018, down 7.1% quarter-over-quarter.
- 0 funds opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q2 2018 and 1 closed out, a net change of -1 holder.
- The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q2 2018 was Northwestern Mutual Wealth Management, an estimated $202K added.
- The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q2 2018 was Lee Financial, an estimated $946K sold.
Based on aggregated 13F filings for Q2 2018.