Western Asset Investment Grade Income Fund
PAI
27 hedge funds and large institutions have $10.5M invested in Western Asset Investment Grade Income Fund in 2018 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 6 increasing their positions, 9 reducing their positions, and 4 closing their positions.
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
12% more capital invested
Capital invested by funds: $9.38M → $10.5M (+$1.11M)
4% more funds holding
Funds holding: 26 → 27 (+1)
0.16% more ownership
Funds ownership: 7.15% → 7.3% (+0.16%)
33% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
+$225K |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$216K |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$158K |
| 4 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$156K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$154K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$309K |
| 2 |
SG Americas Securities
New York
|
-$215K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$160K |
| 4 |
MRCM
M&R Capital Management
Summit,
New Jersey
|
-$106K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$71.1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SPIA
26
Steward Partners Investment Advisory
New York
| $2K | – | – | – |
|
|
TRCT
27
Tower Research Capital (TRC)
New York
| $2K | +$1.8K | +131 | New |
|
|
28
SG Americas Securities
New York
| – | -$215K | -15,554 | Closed |
|
|
29
Invesco
Atlanta,
Georgia
| – | -$160K | -11,540 | Closed |
|
|
PA
30
Parallel Advisors
San Francisco,
California
| – | -$14K | -1,000 | Closed |
|
31
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$8K | -550 | Closed |
|
PAI Hedge Fund Activity: Q2 2018 in Review
27 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q2 2018, worth a combined $10.5M — up 12% from $9.38M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new PAI positions and 4 closed out — a net gain of 1 holder — while 6 added to existing stakes and 9 trimmed.
The largest buyer was Cornerstone Wealth Management, opening a new position worth an estimated $225K. The largest seller was Wells Fargo, cutting an estimated $309K.
- 27 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q2 2018, up from 26 in Q1 2018.
- Funds reported $10.5M of Western Asset Investment Grade Income Fund stock for Q2 2018, up 12% quarter-over-quarter.
- 5 funds opened new Western Asset Investment Grade Income Fund positions in Q2 2018 and 4 closed out, a net change of +1 holder.
- The largest Western Asset Investment Grade Income Fund buyer in Q2 2018 was Cornerstone Wealth Management, an estimated $225K added.
- The largest Western Asset Investment Grade Income Fund seller in Q2 2018 was Wells Fargo, an estimated $309K sold.
Based on aggregated 13F filings for Q2 2018.