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IGI

Western Asset Investment Grade Defined Opportunity Trust
IGI

25 hedge funds and large institutions have $39.5M invested in Western Asset Investment Grade Defined Opportunity Trust in 2020 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 11 increasing their positions, 5 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

120% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 5

20% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 5

15% more capital invested

Capital invested by funds: $34.3M → $39.5M (+$5.16M)

4% more funds holding

Funds holding: 24 → 25 (+1)

1.02% more ownership

Funds ownership: 15.27% → 16.29% (+1%)

Holders
25
Holders Change
+1
Holders Change %
+4.17%
% of All Funds
0.44%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
11
Reduced
5
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$1.17M
2
UBS Group
UBS Group
Switzerland
+$846K
3
CAN
Cetera Advisor Networks
California
+$593K
4
Morgan Stanley
Morgan Stanley
New York
+$332K
5
Citigroup
Citigroup
New York
+$251K

Top Sellers

Rank Fund Capital Flow
1
MSAM
Moloney Securities Asset Management
Missouri
-$796K
2
UR
USCA RIA
Texas
-$641K
3
WAM
Wolverine Asset Management
Illinois
-$217K
4
Bank of America
Bank of America
North Carolina
-$123K
5
First Manhattan
First Manhattan
New York
-$84.9K
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
1
UBS Group
Switzerland
$16.5M +$846K +39,853 +6%
Morgan Stanley
2
Morgan Stanley
New York
$3.72M +$332K +15,617 +10%
CAN
3
Cetera Advisor Networks
California
$3.13M +$593K +27,953 +25%
UR
4
USCA RIA
Texas
$2.58M -$641K -30,210 -21%
Invesco
5
Invesco
Georgia
$2.25M +$238K +11,198 +13%
SIA
6
Sit Investment Associates
Minnesota
$2.21M +$1.17M +55,000 +125%
First Manhattan
7
First Manhattan
New York
$1.93M -$84.9K -4,000 -4%
GC
8
Guggenheim Capital
Illinois
$1.44M -$1.97K -93 -0.1%
Wells Fargo
9
Wells Fargo
California
$1.19M +$148K +6,969 +15%
Bank of America
10
Bank of America
North Carolina
$1.19M -$123K -5,798 -10%
RJA
11
Raymond James & Associates
Florida
$624K +$52.7K +2,483 +10%
RJFSA
12
Raymond James Financial Services Advisors
Florida
$596K +$2.74K +129 +0.5%
Citigroup
13
Citigroup
New York
$485K +$251K +11,817 +119%
DAS
14
Dynamic Advisor Solutions
Arizona
$393K +$30.6K +1,440 +9%
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$245K +$83.9K +3,950 +56%
Stifel Financial
16
Stifel Financial
Missouri
$227K +$216K +10,173 New
DMC
17
Drexel Morgan & Co
Pennsylvania
$215K – – –
SFS
18
Shaker Financial Services
Virginia
$215K +$205K +9,635 New
SPIA
19
Steward Partners Investment Advisory
New York
$132K -$21.2K -1,000 -14%
Rockefeller Capital Management
20
Rockefeller Capital Management
New York
$84K +$80.7K +3,800 New
FIA
21
FNY Investment Advisers
New York
$41K +$39.3K +1,850 New
FCMT
22
Founders Capital Management (Texas)
Texas
$20K +$21.2K +1,000 New
VFA
23
Valeo Financial Advisors
Indiana
$15K – – –
Osaic Holdings
24
Osaic Holdings
Arizona
$5K – – –
AWA
25
Arkadios Wealth Advisors
Georgia
$2K +$2.19K +103 New
1
2

IGI Hedge Fund Activity: Q4 2020 in Review

25 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q4 2020, worth a combined $39.5M — up 15% from $34.3M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new IGI positions and 5 closed out — a net gain of 1 holder — while 11 added to existing stakes and 5 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $1.17M. The largest seller was Moloney Securities Asset Management, exiting entirely with an estimated $796K sold.

  • 25 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q4 2020, up from 24 in Q3 2020.
  • Funds reported $39.5M of Western Asset Investment Grade Defined Opportunity Trust stock for Q4 2020, up 15% quarter-over-quarter.
  • 6 funds opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q4 2020 and 5 closed out, a net change of +1 holder.
  • The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q4 2020 was Sit Investment Associates, an estimated $1.17M added.
  • The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q4 2020 was Moloney Securities Asset Management, an estimated $796K sold.

Based on aggregated 13F filings for Q4 2020.