Western Asset Investment Grade Defined Opportunity Trust
41 hedge funds and large institutions have $83M invested in Western Asset Investment Grade Defined Opportunity Trust in 2023 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 11 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
45% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 11
18% more capital invested
Capital invested by funds: $70.2M → $83M (+$12.8M)
11% more funds holding
Funds holding: 37 → 41 (+4)
2.65% more ownership
Funds ownership: 40.91% → 43.56% (+2.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.63M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$794K |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$577K |
| 4 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$345K |
| 5 |
LPL Financial
San Diego,
California
|
+$263K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
-$1.72M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$843K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$132K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$116K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$62.6K |
IGI Hedge Fund Activity: Q4 2023 in Review
41 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q4 2023, worth a combined $83M — up 18% from $70.2M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new IGI positions and 2 closed out — a net gain of 4 holders — while 16 added to existing stakes and 11 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $2.63M. The largest seller was Atlas Wealth, exiting entirely with an estimated $1.72M sold.
- 41 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q4 2023, up from 37 in Q3 2023.
- Funds reported $83M of Western Asset Investment Grade Defined Opportunity Trust stock for Q4 2023, up 18% quarter-over-quarter.
- 6 funds opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q4 2023 and 2 closed out, a net change of +4 holders.
- The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q4 2023 was Morgan Stanley, an estimated $2.63M added.
- The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q4 2023 was Atlas Wealth, an estimated $1.72M sold.
Based on aggregated 13F filings for Q4 2023.