Western Asset Investment Grade Income Fund
PAI
24 hedge funds and large institutions have $13.7M invested in Western Asset Investment Grade Income Fund in 2016 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 6 reducing their positions, and 6 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 6
4% less capital invested
Capital invested by funds: $14.3M → $13.7M (-$600K)
1.23% less ownership
Funds ownership: 10.65% → 9.43% (-1.2%)
8% less funds holding
Funds holding: 26 → 24 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$464K |
| 2 |
Invesco
Atlanta,
Georgia
|
+$224K |
| 3 |
LPL Financial
San Diego,
California
|
+$165K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$132K |
| 5 |
Morgan Stanley
New York
|
+$44.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$896K |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$410K |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$229K |
| 4 |
SIA
SeaBridge Investment Advisors
Summit,
New Jersey
|
-$228K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$173K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SFS
26
Shaker Financial Services
Arlington,
Virginia
| – | -$173K | -12,207 | Closed |
|
|
1CP
27
1607 Capital Partners
Richmond,
Virginia
| – | -$172K | -12,148 | Closed |
|
|
PAG
28
Private Advisor Group
Morristown,
New Jersey
| – | -$145K | -10,207 | Closed |
|
29
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$106K | -7,506 | Closed |
|
|
PCP
30
Proficio Capital Partners
Newton,
Massachusetts
| – | -$110K | -7,440 | Closed |
|
PAI Hedge Fund Activity: Q3 2016 in Review
24 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q3 2016, worth a combined $13.7M — down 4.2% from $14.3M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of PAI and 4 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 6 added.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $464K. The largest seller was Wells Fargo, cutting an estimated $896K.
- 24 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q3 2016, down from 26 in Q2 2016.
- Funds reported $13.7M of Western Asset Investment Grade Income Fund stock for Q3 2016, down 4.2% quarter-over-quarter.
- 4 funds opened new Western Asset Investment Grade Income Fund positions in Q3 2016 and 6 closed out, a net change of -2 holders.
- The largest Western Asset Investment Grade Income Fund buyer in Q3 2016 was Citadel Advisors, an estimated $464K added.
- The largest Western Asset Investment Grade Income Fund seller in Q3 2016 was Wells Fargo, an estimated $896K sold.
Based on aggregated 13F filings for Q3 2016.