Western Asset Investment Grade Income Fund
PAI
27 hedge funds and large institutions have $9.77M invested in Western Asset Investment Grade Income Fund in 2020 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 10 increasing their positions, 5 reducing their positions, and 4 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 5
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
11% more capital invested
Capital invested by funds: $8.83M → $9.77M (+$945K)
1.72% more ownership
Funds ownership: 6% → 7.72% (+1.7%)
4% less funds holding
Funds holding: 28 → 27 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$931K |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$448K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$421K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$374K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$342K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KA
Kovack Advisors
Ft. Lauderdale,
Florida
|
-$270K |
| 2 |
Lido Advisors
Los Angeles,
California
|
-$173K |
| 3 |
FIA
FNY Investment Advisers
New York
|
-$95K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$70.7K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$11.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FMP
26
Financial Management Professionals
Austin,
Texas
| $12K | – | – | – |
|
|
VCP
27
Verus Capital Partners
Scottsdale,
Arizona
| $11K | -$9.72K | -650 | -43% |
|
|
KA
28
Kovack Advisors
Ft. Lauderdale,
Florida
| – | -$270K | -17,400 | Closed |
|
|
29
Lido Advisors
Los Angeles,
California
| – | -$173K | -11,163 | Closed |
|
|
FIA
30
FNY Investment Advisers
New York
| – | -$95K | -6,129 | Closed |
|
|
TRCT
31
Tower Research Capital (TRC)
New York
| – | -$3K | -200 | Closed |
|
PAI Hedge Fund Activity: Q1 2020 in Review
27 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q1 2020, worth a combined $9.77M — up 11% from $8.83M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new PAI positions and 4 closed out — a net gain of 2 holders — while 10 added to existing stakes and 5 trimmed.
The largest buyer was 1607 Capital Partners, opening a new position worth an estimated $931K. The largest seller was Kovack Advisors, exiting entirely with an estimated $270K sold.
- 27 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q1 2020, down from 28 in Q4 2019.
- Funds reported $9.77M of Western Asset Investment Grade Income Fund stock for Q1 2020, up 11% quarter-over-quarter.
- 6 funds opened new Western Asset Investment Grade Income Fund positions in Q1 2020 and 4 closed out, a net change of +2 holders.
- The largest Western Asset Investment Grade Income Fund buyer in Q1 2020 was 1607 Capital Partners, an estimated $931K added.
- The largest Western Asset Investment Grade Income Fund seller in Q1 2020 was Kovack Advisors, an estimated $270K sold.
Based on aggregated 13F filings for Q1 2020.