Western Asset Investment Grade Income Fund
PAI
28 hedge funds and large institutions have $10.3M invested in Western Asset Investment Grade Income Fund in 2020 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 8 reducing their positions, and 1 closing their positions.
600% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 1
27% more funds holding
Funds holding: 22 → 28 (+6)
9% more capital invested
Capital invested by funds: $9.44M → $10.3M (+$865K)
0.67% more ownership
Funds ownership: 6.17% → 6.84% (+0.67%)
0% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
+$336K |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$284K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$232K |
| 4 |
Lido Advisors
Los Angeles,
California
|
+$202K |
| 5 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$156K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
-$379K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$135K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$99.9K |
| 4 |
CSIC
Clifford Swan Investment Counsel
Pasadena,
California
|
-$29.3K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$21.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MA
26
Montag & Associates
Atlanta,
Georgia
| $16K | +$15.4K | +1,000 | New |
|
|
FMP
27
Financial Management Professionals
Austin,
Texas
| $15K | – | – | – |
|
28
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $2K | – | – | – |
|
|
BRWM
29
B. Riley Wealth Management
Memphis,
Tennessee
| – | -$379K | -23,534 | Closed |
|
PAI Hedge Fund Activity: Q4 2020 in Review
28 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q4 2020, worth a combined $10.3M — up 9.2% from $9.44M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new PAI positions and 1 closed out — a net gain of 6 holders — while 8 added to existing stakes and 8 trimmed.
The largest buyer was Stifel Financial, opening a new position worth an estimated $336K. The largest seller was B. Riley Wealth Management, exiting entirely with an estimated $379K sold.
- 28 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q4 2020, up from 22 in Q3 2020.
- Funds reported $10.3M of Western Asset Investment Grade Income Fund stock for Q4 2020, up 9.2% quarter-over-quarter.
- 7 funds opened new Western Asset Investment Grade Income Fund positions in Q4 2020 and 1 closed out, a net change of +6 holders.
- The largest Western Asset Investment Grade Income Fund buyer in Q4 2020 was Stifel Financial, an estimated $336K added.
- The largest Western Asset Investment Grade Income Fund seller in Q4 2020 was B. Riley Wealth Management, an estimated $379K sold.
Based on aggregated 13F filings for Q4 2020.