Western Asset Investment Grade Income Fund
PAI
23 hedge funds and large institutions have $31.6M invested in Western Asset Investment Grade Income Fund in 2015 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 6 increasing their positions, 6 reducing their positions, and 4 closing their positions.
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
10% more funds holding
Funds holding: 21 → 23 (+2)
5% more capital invested
Capital invested by funds: $30M → $31.6M (+$1.54M)
0.4% more ownership
Funds ownership: 23.61% → 24.01% (+0.4%)
0% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$678K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$247K |
| 3 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
+$205K |
| 4 |
Morgan Stanley
New York
|
+$151K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$107K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$523K |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$256K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$206K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$52.6K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$31.1K |
PAI Hedge Fund Activity: Q1 2015 in Review
23 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q1 2015, worth a combined $31.6M — up 5.1% from $30M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new PAI positions and 4 closed out — a net gain of 2 holders — while 6 added to existing stakes and 6 trimmed.
The largest buyer was Wells Fargo, adding an estimated $678K. The largest seller was Saba Capital Management, cutting an estimated $523K.
- 23 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q1 2015, up from 21 in Q4 2014.
- Funds reported $31.6M of Western Asset Investment Grade Income Fund stock for Q1 2015, up 5.1% quarter-over-quarter.
- 6 funds opened new Western Asset Investment Grade Income Fund positions in Q1 2015 and 4 closed out, a net change of +2 holders.
- The largest Western Asset Investment Grade Income Fund buyer in Q1 2015 was Wells Fargo, an estimated $678K added.
- The largest Western Asset Investment Grade Income Fund seller in Q1 2015 was Saba Capital Management, an estimated $523K sold.
Based on aggregated 13F filings for Q1 2015.