Western Asset Investment Grade Income Fund
PAI
24 hedge funds and large institutions have $7.61M invested in Western Asset Investment Grade Income Fund in 2019 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 8 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
33% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 6
22% more capital invested
Capital invested by funds: $6.22M → $7.61M (+$1.39M)
4% more funds holding
Funds holding: 23 → 24 (+1)
0.47% more ownership
Funds ownership: 4.97% → 5.45% (+0.47%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MRCM
M&R Capital Management
Summit,
New Jersey
|
+$410K |
| 2 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$359K |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$228K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$155K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$119K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$221K |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
-$153K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$134K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$127K |
| 5 |
CSIC
Clifford Swan Investment Counsel
Pasadena,
California
|
-$21.1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$20K | -1,500 | Closed |
|
27
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$8K | -617 | Closed |
|
PAI Hedge Fund Activity: Q1 2019 in Review
24 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q1 2019, worth a combined $7.61M — up 22% from $6.22M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new PAI positions and 3 closed out — a net gain of 1 holder — while 8 added to existing stakes and 6 trimmed.
The largest buyer was M&R Capital Management, adding an estimated $410K. The largest seller was Wells Fargo, cutting an estimated $221K.
- 24 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q1 2019, up from 23 in Q4 2018.
- Funds reported $7.61M of Western Asset Investment Grade Income Fund stock for Q1 2019, up 22% quarter-over-quarter.
- 4 funds opened new Western Asset Investment Grade Income Fund positions in Q1 2019 and 3 closed out, a net change of +1 holder.
- The largest Western Asset Investment Grade Income Fund buyer in Q1 2019 was M&R Capital Management, an estimated $410K added.
- The largest Western Asset Investment Grade Income Fund seller in Q1 2019 was Wells Fargo, an estimated $221K sold.
Based on aggregated 13F filings for Q1 2019.