Western Asset Investment Grade Income Fund
PAI
23 hedge funds and large institutions have $6.22M invested in Western Asset Investment Grade Income Fund in 2018 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 4 increasing their positions, 8 reducing their positions, and 5 closing their positions.
0% more funds holding
Funds holding: 23 → 23 (0)
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
1.12% less ownership
Funds ownership: 6.09% → 4.97% (-1.1%)
20% less capital invested
Capital invested by funds: $7.78M → $6.22M (-$1.56M)
50% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lido Advisors
Los Angeles,
California
|
+$226K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$193K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$156K |
| 4 |
WCM
Whitener Capital Management
Rocky Mount,
North Carolina
|
+$64.2K |
| 5 |
Fifth Third Bancorp
Cincinnati,
Ohio
|
+$20.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$681K |
| 2 |
Wells Fargo
San Francisco,
California
|
-$526K |
| 3 |
MRCM
M&R Capital Management
Summit,
New Jersey
|
-$257K |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$194K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$155K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LCM
26
Landscape Capital Management
Englewood,
New Jersey
| – | -$155K | -11,475 | Closed |
|
27
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$20K | -1,500 | Closed |
|
|
SPIA
28
Steward Partners Investment Advisory
New York
| – | -$2K | -169 | Closed |
|
PAI Hedge Fund Activity: Q4 2018 in Review
23 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q4 2018, worth a combined $6.22M — down 20% from $7.78M a quarter earlier.
Fund positioning in PAI was balanced in Q4 2018: 5 funds opened new positions, 5 closed out, 4 added to existing stakes and 8 trimmed.
The largest buyer was Lido Advisors, opening a new position worth an estimated $226K. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $681K sold.
- 23 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q4 2018, unchanged from Q3 2018.
- Funds reported $6.22M of Western Asset Investment Grade Income Fund stock for Q4 2018, down 20% quarter-over-quarter.
- 5 funds opened new Western Asset Investment Grade Income Fund positions in Q4 2018 and 5 closed out, a net change of 0 holders.
- The largest Western Asset Investment Grade Income Fund buyer in Q4 2018 was Lido Advisors, an estimated $226K added.
- The largest Western Asset Investment Grade Income Fund seller in Q4 2018 was Wolverine Asset Management, an estimated $681K sold.
Based on aggregated 13F filings for Q4 2018.