Western Asset Investment Grade Income Fund
PAI
26 hedge funds and large institutions have $9.38M invested in Western Asset Investment Grade Income Fund in 2018 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
4% more funds holding
Funds holding: 25 → 26 (+1)
1.15% more ownership
Funds ownership: 5.99% → 7.15% (+1.2%)
4% more capital invested
Capital invested by funds: $8.98M → $9.38M (+$394K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.16M |
| 2 |
SG Americas Securities
New York
|
+$226K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$203K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$193K |
| 5 |
MRCM
M&R Capital Management
Summit,
New Jersey
|
+$72.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$162K |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$139K |
| 3 |
GIP
Granite Investment Partners
El Segundo,
California
|
-$40.7K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$35.6K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$25.1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SPIA
26
Steward Partners Investment Advisory
New York
| $2K | – | – | – |
|
|
CIA
27
Capital Investment Advisors
Atlanta,
Georgia
| – | -$162K | -10,204 | Closed |
|
28
SEI Investments
Oaks,
Pennsylvania
| – | -$6K | -400 | Closed |
|
|
AG
29
Advisor Group
Phoenix,
Arizona
| – | -$2K | -100 | Closed |
|
PAI Hedge Fund Activity: Q1 2018 in Review
26 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q1 2018, worth a combined $9.38M — up 4.4% from $8.98M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new PAI positions and 3 closed out — a net gain of 1 holder — while 7 added to existing stakes and 6 trimmed.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $1.16M. The largest seller was Capital Investment Advisors, exiting entirely with an estimated $162K sold.
- 26 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q1 2018, up from 25 in Q4 2017.
- Funds reported $9.38M of Western Asset Investment Grade Income Fund stock for Q1 2018, up 4.4% quarter-over-quarter.
- 4 funds opened new Western Asset Investment Grade Income Fund positions in Q1 2018 and 3 closed out, a net change of +1 holder.
- The largest Western Asset Investment Grade Income Fund buyer in Q1 2018 was Wolverine Asset Management, an estimated $1.16M added.
- The largest Western Asset Investment Grade Income Fund seller in Q1 2018 was Capital Investment Advisors, an estimated $162K sold.
Based on aggregated 13F filings for Q1 2018.