Western Asset Investment Grade Income Fund
PAI
25 hedge funds and large institutions have $11.3M invested in Western Asset Investment Grade Income Fund in 2017 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 5 increasing their positions, 12 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
9% more funds holding
Funds holding: 23 → 25 (+2)
1.56% less ownership
Funds ownership: 9.79% → 8.23% (-1.6%)
15% less capital invested
Capital invested by funds: $13.2M → $11.3M (-$1.97M)
58% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DA
Doliver Advisors
Houston,
Texas
|
+$318K |
| 2 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$145K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$70.5K |
| 4 |
LPL Financial
San Diego,
California
|
+$66.8K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$36.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$1.24M |
| 2 |
SIA
SeaBridge Investment Advisors
Summit,
New Jersey
|
-$471K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$279K |
| 4 |
SG Americas Securities
New York
|
-$254K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$153K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
SG Americas Securities
New York
| – | -$254K | -17,757 | Closed |
|
|
27
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$153K | -10,674 | Closed |
|
|
WA
28
WFG Advisors
Dallas,
Texas
| – | -$66K | -4,588 | Closed |
|
PAI Hedge Fund Activity: Q1 2017 in Review
25 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q1 2017, worth a combined $11.3M — down 15% from $13.2M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new PAI positions and 3 closed out — a net gain of 2 holders — while 5 added to existing stakes and 12 trimmed.
The largest buyer was Doliver Advisors, opening a new position worth an estimated $318K. The largest seller was Wells Fargo, cutting an estimated $1.24M.
- 25 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q1 2017, up from 23 in Q4 2016.
- Funds reported $11.3M of Western Asset Investment Grade Income Fund stock for Q1 2017, down 15% quarter-over-quarter.
- 5 funds opened new Western Asset Investment Grade Income Fund positions in Q1 2017 and 3 closed out, a net change of +2 holders.
- The largest Western Asset Investment Grade Income Fund buyer in Q1 2017 was Doliver Advisors, an estimated $318K added.
- The largest Western Asset Investment Grade Income Fund seller in Q1 2017 was Wells Fargo, an estimated $1.24M sold.
Based on aggregated 13F filings for Q1 2017.