Western Asset Investment Grade Income Fund
PAI
23 hedge funds and large institutions have $7.78M invested in Western Asset Investment Grade Income Fund in 2018 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 5 increasing their positions, 11 reducing their positions, and 4 closing their positions.
1.22% less ownership
Funds ownership: 7.3% → 6.09% (-1.2%)
15% less funds holding
Funds holding: 27 → 23 (-4)
26% less capital invested
Capital invested by funds: $10.5M → $7.78M (-$2.71M)
55% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 11
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$213K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$71.5K |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$55.8K |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$38.5K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$7.05K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$1.2M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$494K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$390K |
| 4 |
CSIC
Clifford Swan Investment Counsel
Pasadena,
California
|
-$187K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$168K |
PAI Hedge Fund Activity: Q3 2018 in Review
23 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q3 2018, worth a combined $7.78M — down 26% from $10.5M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of PAI and 0 opened new positions — a net loss of 4 holders — while 11 trimmed existing stakes and 5 added.
The largest buyer was UBS Group, adding an estimated $213K. The largest seller was Cornerstone Wealth Management, exiting entirely with an estimated $1.2M sold.
- 23 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q3 2018, down from 27 in Q2 2018.
- Funds reported $7.78M of Western Asset Investment Grade Income Fund stock for Q3 2018, down 26% quarter-over-quarter.
- 0 funds opened new Western Asset Investment Grade Income Fund positions in Q3 2018 and 4 closed out, a net change of -4 holders.
- The largest Western Asset Investment Grade Income Fund buyer in Q3 2018 was UBS Group, an estimated $213K added.
- The largest Western Asset Investment Grade Income Fund seller in Q3 2018 was Cornerstone Wealth Management, an estimated $1.2M sold.
Based on aggregated 13F filings for Q3 2018.