Western Asset Investment Grade Income Fund
PAI
26 hedge funds and large institutions have $9.73M invested in Western Asset Investment Grade Income Fund in 2020 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 7 reducing their positions, and 4 closing their positions.
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
14% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 7
0% less capital invested
Capital invested by funds: $9.77M → $9.73M (-$43K)
0.88% less ownership
Funds ownership: 7.72% → 6.84% (-0.88%)
4% less funds holding
Funds holding: 27 → 26 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ADBIC
A.D. Beadell Investment Counsel
Mequon,
Wisconsin
|
+$403K |
| 2 |
Lido Advisors
Los Angeles,
California
|
+$359K |
| 3 |
WCM
Whitener Capital Management
Rocky Mount,
North Carolina
|
+$152K |
| 4 |
KA
Kovack Advisors
Ft. Lauderdale,
Florida
|
+$151K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$98.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$831K |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
-$376K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$333K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$280K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$95.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PAG
26
Private Advisor Group
Morristown,
New Jersey
| $2K | +$2K | +139 | New |
|
|
1CP
27
1607 Capital Partners
Richmond,
Virginia
| – | -$831K | -62,300 | Closed |
|
|
28
Stifel Financial
St. Louis,
Missouri
| – | -$376K | -28,157 | Closed |
|
|
29
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$333K | -24,993 | Closed |
|
|
WAM
30
Wolverine Asset Management
Chicago,
Illinois
| – | -$280K | -20,997 | Closed |
|
PAI Hedge Fund Activity: Q2 2020 in Review
26 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q2 2020, worth a combined $9.73M — down 0.44% from $9.77M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new PAI positions and 4 closed out — a net gain of 1 holder — while 8 added to existing stakes and 7 trimmed.
The largest buyer was A.D. Beadell Investment Counsel, opening a new position worth an estimated $403K. The largest seller was 1607 Capital Partners, exiting entirely with an estimated $831K sold.
- 26 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q2 2020, down from 27 in Q1 2020.
- Funds reported $9.73M of Western Asset Investment Grade Income Fund stock for Q2 2020, down 0.44% quarter-over-quarter.
- 5 funds opened new Western Asset Investment Grade Income Fund positions in Q2 2020 and 4 closed out, a net change of +1 holder.
- The largest Western Asset Investment Grade Income Fund buyer in Q2 2020 was A.D. Beadell Investment Counsel, an estimated $403K added.
- The largest Western Asset Investment Grade Income Fund seller in Q2 2020 was 1607 Capital Partners, an estimated $831K sold.
Based on aggregated 13F filings for Q2 2020.