Western Asset Investment Grade Income Fund
PAI
26 hedge funds and large institutions have $14.3M invested in Western Asset Investment Grade Income Fund in 2016 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 6 increasing their positions, 7 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
13% more funds holding
Funds holding: 23 → 26 (+3)
10.08% less ownership
Funds ownership: 20.73% → 10.65% (-10%)
14% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 7
46% less capital invested
Capital invested by funds: $26.6M → $14.3M (-$12.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$603K |
| 2 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$511K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$243K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$184K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$176K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$10M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$2.89M |
| 3 |
LPL Financial
San Diego,
California
|
-$1.77M |
| 4 |
Morgan Stanley
New York
|
-$608K |
| 5 |
CSIC
Clifford Swan Investment Counsel
Pasadena,
California
|
-$38.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IWMPD
26
Integrated Wealth Management (Palm Desert)
Palm Desert,
California
| $6K | – | – | – |
|
|
AIG
27
American International Group
New York
| – | -$18K | -1,300 | Closed |
|
28
Citigroup
New York
| – | -$10K | -716 | Closed |
|
|
TRCT
29
Tower Research Capital (TRC)
New York
| – | -$1K | -74 | Closed |
|
PAI Hedge Fund Activity: Q2 2016 in Review
26 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q2 2016, worth a combined $14.3M — down 46% from $26.6M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new PAI positions and 3 closed out — a net gain of 3 holders — while 6 added to existing stakes and 7 trimmed.
The largest buyer was Raymond James Financial Services Advisors, opening a new position worth an estimated $603K. The largest seller was 1607 Capital Partners, cutting an estimated $10M.
- 26 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q2 2016, up from 23 in Q1 2016.
- Funds reported $14.3M of Western Asset Investment Grade Income Fund stock for Q2 2016, down 46% quarter-over-quarter.
- 6 funds opened new Western Asset Investment Grade Income Fund positions in Q2 2016 and 3 closed out, a net change of +3 holders.
- The largest Western Asset Investment Grade Income Fund buyer in Q2 2016 was Raymond James Financial Services Advisors, an estimated $603K added.
- The largest Western Asset Investment Grade Income Fund seller in Q2 2016 was 1607 Capital Partners, an estimated $10M sold.
Based on aggregated 13F filings for Q2 2016.