Western Asset Investment Grade Defined Opportunity Trust
38 hedge funds and large institutions have $64.9M invested in Western Asset Investment Grade Defined Opportunity Trust in 2023 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 13 increasing their positions, 9 reducing their positions, and 3 closing their positions.
200% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 3
44% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 9
19% more funds holding
Funds holding: 32 → 38 (+6)
16% more capital invested
Capital invested by funds: $55.9M → $64.9M (+$9.06M)
3.72% more ownership
Funds ownership: 31.66% → 35.38% (+3.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$3.78M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.26M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.1M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$382K |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$368K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.33M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$209K |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
-$174K |
| 4 |
Rockefeller Capital Management
New York
|
-$61K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$29.1K |
IGI Hedge Fund Activity: Q1 2023 in Review
38 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q1 2023, worth a combined $64.9M — up 16% from $55.9M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new IGI positions and 3 closed out — a net gain of 6 holders — while 13 added to existing stakes and 9 trimmed.
The largest buyer was Allspring Global Investments, adding an estimated $3.78M. The largest seller was Morgan Stanley, cutting an estimated $1.33M.
- 38 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q1 2023, up from 32 in Q4 2022.
- Funds reported $64.9M of Western Asset Investment Grade Defined Opportunity Trust stock for Q1 2023, up 16% quarter-over-quarter.
- 9 funds opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q1 2023 and 3 closed out, a net change of +6 holders.
- The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q1 2023 was Allspring Global Investments, an estimated $3.78M added.
- The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q1 2023 was Morgan Stanley, an estimated $1.33M sold.
Based on aggregated 13F filings for Q1 2023.