Western Asset Investment Grade Income Fund
PAI
25 hedge funds and large institutions have $8.98M invested in Western Asset Investment Grade Income Fund in 2017 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 6 increasing their positions, 5 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
20% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 5
14% more funds holding
Funds holding: 22 → 25 (+3)
6% more capital invested
Capital invested by funds: $8.51M → $8.98M (+$474K)
0.52% more ownership
Funds ownership: 5.47% → 5.99% (+0.52%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MRCM
M&R Capital Management
Summit,
New Jersey
|
+$233K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$72.8K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$33K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$23.7K |
| 5 |
GWM
Geneos Wealth Management
Englewood,
Colorado
|
+$21.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
-$193K |
| 2 |
Wells Fargo
San Francisco,
California
|
-$116K |
| 3 |
Morgan Stanley
New York
|
-$68.8K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$58.8K |
| 5 |
NFG
Next Financial Group
Houston,
Texas
|
-$8K |
PAI Hedge Fund Activity: Q4 2017 in Review
25 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q4 2017, worth a combined $8.98M — up 5.6% from $8.51M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new PAI positions and 2 closed out — a net gain of 3 holders — while 6 added to existing stakes and 5 trimmed.
The largest buyer was M&R Capital Management, adding an estimated $233K. The largest seller was Virtu Financial, exiting entirely with an estimated $193K sold.
- 25 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q4 2017, up from 22 in Q3 2017.
- Funds reported $8.98M of Western Asset Investment Grade Income Fund stock for Q4 2017, up 5.6% quarter-over-quarter.
- 5 funds opened new Western Asset Investment Grade Income Fund positions in Q4 2017 and 2 closed out, a net change of +3 holders.
- The largest Western Asset Investment Grade Income Fund buyer in Q4 2017 was M&R Capital Management, an estimated $233K added.
- The largest Western Asset Investment Grade Income Fund seller in Q4 2017 was Virtu Financial, an estimated $193K sold.
Based on aggregated 13F filings for Q4 2017.