Western Asset Investment Grade Defined Opportunity Trust
28 hedge funds and large institutions have $20.6M invested in Western Asset Investment Grade Defined Opportunity Trust in 2024 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 4 increasing their positions, 10 reducing their positions, and 13 closing their positions.
22% less funds holding
Funds holding: 36 → 28 (-8)
29.37% less ownership
Funds ownership: 41.04% → 11.67% (-29%)
46% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 13
60% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 10
74% less capital invested
Capital invested by funds: $80.1M → $20.6M (-$59.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.07M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$207K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$199K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$198K |
| 5 |
MWM
Melfa Wealth Management
Westborough,
Massachusetts
|
+$176K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$12.2M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$10.5M |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$10.1M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$8.06M |
| 5 |
AC
Almitas Capital
Santa Monica,
California
|
-$6.1M |
IGI Hedge Fund Activity: Q4 2024 in Review
28 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q4 2024, worth a combined $20.6M — down 74% from $80.1M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of IGI and 7 opened new positions — a net loss of 6 holders — while 10 trimmed existing stakes and 4 added.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $1.07M. The largest seller was Sit Investment Associates, cutting an estimated $12.2M.
- 28 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q4 2024, down from 36 in Q3 2024.
- Funds reported $20.6M of Western Asset Investment Grade Defined Opportunity Trust stock for Q4 2024, down 74% quarter-over-quarter.
- 7 funds opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q4 2024 and 13 closed out, a net change of -6 holders.
- The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q4 2024 was Wolverine Asset Management, an estimated $1.07M added.
- The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q4 2024 was Sit Investment Associates, an estimated $12.2M sold.
Based on aggregated 13F filings for Q4 2024.