Western Asset Investment Grade Defined Opportunity Trust
23 hedge funds and large institutions have $36.7M invested in Western Asset Investment Grade Defined Opportunity Trust in 2021 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 10 reducing their positions, and 4 closing their positions.
0.44% less ownership
Funds ownership: 16.29% → 15.84% (-0.44%)
7% less capital invested
Capital invested by funds: $39.5M → $36.7M (-$2.75M)
8% less funds holding
Funds holding: 25 → 23 (-2)
30% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 10
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$514K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$202K |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$198K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$108K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$82.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$795K |
| 2 |
DAS
Dynamic Advisor Solutions
Phoenix,
Arizona
|
-$393K |
| 3 |
Citigroup
New York
|
-$254K |
| 4 |
First Manhattan
New York
|
-$250K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$227K |
IGI Hedge Fund Activity: Q1 2021 in Review
23 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q1 2021, worth a combined $36.7M — down 7% from $39.5M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of IGI and 2 opened new positions — a net loss of 2 holders — while 10 trimmed existing stakes and 7 added.
The largest buyer was Sit Investment Associates, adding an estimated $514K. The largest seller was UBS Group, cutting an estimated $795K.
- 23 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q1 2021, down from 25 in Q4 2020.
- Funds reported $36.7M of Western Asset Investment Grade Defined Opportunity Trust stock for Q1 2021, down 7% quarter-over-quarter.
- 2 funds opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q1 2021 and 4 closed out, a net change of -2 holders.
- The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q1 2021 was Sit Investment Associates, an estimated $514K added.
- The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q1 2021 was UBS Group, an estimated $795K sold.
Based on aggregated 13F filings for Q1 2021.