Western Asset Investment Grade Income Fund
PAI
22 hedge funds and large institutions have $9.17M invested in Western Asset Investment Grade Income Fund in 2017 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 6 increasing their positions, 8 reducing their positions, and 5 closing their positions.
1.74% less ownership
Funds ownership: 8.23% → 6.49% (-1.7%)
12% less funds holding
Funds holding: 25 → 22 (-3)
19% less capital invested
Capital invested by funds: $11.3M → $9.17M (-$2.11M)
25% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 8
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$267K |
| 2 |
MRCM
M&R Capital Management
Summit,
New Jersey
|
+$215K |
| 3 |
Morgan Stanley
New York
|
+$123K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$34.4K |
| 5 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$34K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$833K |
| 2 |
LPL Financial
San Diego,
California
|
-$682K |
| 3 |
SIA
SeaBridge Investment Advisors
Summit,
New Jersey
|
-$439K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$323K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$216K |
PAI Hedge Fund Activity: Q2 2017 in Review
22 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q2 2017, worth a combined $9.17M — down 19% from $11.3M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of PAI and 2 opened new positions — a net loss of 3 holders — while 8 trimmed existing stakes and 6 added.
The largest buyer was Invesco, adding an estimated $267K. The largest seller was UBS Group, cutting an estimated $833K.
- 22 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q2 2017, down from 25 in Q1 2017.
- Funds reported $9.17M of Western Asset Investment Grade Income Fund stock for Q2 2017, down 19% quarter-over-quarter.
- 2 funds opened new Western Asset Investment Grade Income Fund positions in Q2 2017 and 5 closed out, a net change of -3 holders.
- The largest Western Asset Investment Grade Income Fund buyer in Q2 2017 was Invesco, an estimated $267K added.
- The largest Western Asset Investment Grade Income Fund seller in Q2 2017 was UBS Group, an estimated $833K sold.
Based on aggregated 13F filings for Q2 2017.