Western Asset Investment Grade Defined Opportunity Trust
23 hedge funds and large institutions have $32.1M invested in Western Asset Investment Grade Defined Opportunity Trust in 2019 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 9 increasing their positions, 7 reducing their positions, and 3 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 7
3% more capital invested
Capital invested by funds: $31.2M → $32.1M (+$919K)
0.74% less ownership
Funds ownership: 15.52% → 14.78% (-0.74%)
8% less funds holding
Funds holding: 25 → 23 (-2)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$1.27M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$286K |
| 3 |
UR
USCA RIA
Houston,
Texas
|
+$244K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$137K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$131K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$2.29M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.02M |
| 3 |
BOPW
Brandywine Oak Private Wealth
Kennett Square,
Pennsylvania
|
-$94K |
| 4 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$53K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$39.7K |
IGI Hedge Fund Activity: Q1 2019 in Review
23 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q1 2019, worth a combined $32.1M — up 2.9% from $31.2M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of IGI and 1 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 9 added.
The largest buyer was UBS Group, adding an estimated $1.27M. The largest seller was 1607 Capital Partners, cutting an estimated $2.29M.
- 23 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q1 2019, down from 25 in Q4 2018.
- Funds reported $32.1M of Western Asset Investment Grade Defined Opportunity Trust stock for Q1 2019, up 2.9% quarter-over-quarter.
- 1 fund opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q1 2019 and 3 closed out, a net change of -2 holders.
- The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q1 2019 was UBS Group, an estimated $1.27M added.
- The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q1 2019 was 1607 Capital Partners, an estimated $2.29M sold.
Based on aggregated 13F filings for Q1 2019.