Western Asset Investment Grade Income Fund
PAI
28 hedge funds and large institutions have $8.83M invested in Western Asset Investment Grade Income Fund in 2019 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 9 increasing their positions, 6 reducing their positions, and 2 closing their positions.
300% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 2
50% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 6
27% more funds holding
Funds holding: 22 → 28 (+6)
5% more capital invested
Capital invested by funds: $8.4M → $8.83M (+$431K)
0.54% more ownership
Funds ownership: 5.45% → 6% (+0.54%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KA
Kovack Advisors
Ft. Lauderdale,
Florida
|
+$278K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$160K |
| 3 |
FIA
FNY Investment Advisers
New York
|
+$97.9K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$94.9K |
| 5 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
+$43.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCM
Whitener Capital Management
Rocky Mount,
North Carolina
|
-$170K |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$169K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$71.8K |
| 4 |
GIP
Granite Investment Partners
El Segundo,
California
|
-$43.9K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$39.5K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
26
Wolverine Asset Management
Chicago,
Illinois
| $8K | +$8.62K | +540 | New |
|
|
TRCT
27
Tower Research Capital (TRC)
New York
| $3K | +$3.19K | +200 | New |
|
|
AG
28
Advisor Group
Phoenix,
Arizona
| $1K | +$830 | +52 | New |
|
|
WCM
29
Whitener Capital Management
Rocky Mount,
North Carolina
| – | -$170K | -10,475 | Closed |
|
|
30
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$169K | -10,403 | Closed |
|
PAI Hedge Fund Activity: Q4 2019 in Review
28 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q4 2019, worth a combined $8.83M — up 5.1% from $8.4M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new PAI positions and 2 closed out — a net gain of 6 holders — while 9 added to existing stakes and 6 trimmed.
The largest buyer was Kovack Advisors, opening a new position worth an estimated $278K. The largest seller was Whitener Capital Management, exiting entirely with an estimated $170K sold.
- 28 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q4 2019, up from 22 in Q3 2019.
- Funds reported $8.83M of Western Asset Investment Grade Income Fund stock for Q4 2019, up 5.1% quarter-over-quarter.
- 8 funds opened new Western Asset Investment Grade Income Fund positions in Q4 2019 and 2 closed out, a net change of +6 holders.
- The largest Western Asset Investment Grade Income Fund buyer in Q4 2019 was Kovack Advisors, an estimated $278K added.
- The largest Western Asset Investment Grade Income Fund seller in Q4 2019 was Whitener Capital Management, an estimated $170K sold.
Based on aggregated 13F filings for Q4 2019.