Western Asset Investment Grade Income Fund
PAI
29 hedge funds and large institutions have $10.8M invested in Western Asset Investment Grade Income Fund in 2021 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 13 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
5% more capital invested
Capital invested by funds: $10.3M → $10.8M (+$525K)
4% more funds holding
Funds holding: 28 → 29 (+1)
0.67% more ownership
Funds ownership: 6.84% → 7.51% (+0.67%)
46% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$610K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$318K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$237K |
| 4 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
+$181K |
| 5 |
Lido Advisors
Los Angeles,
California
|
+$97.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$179K |
| 2 |
KA
Kovack Advisors
Ft. Lauderdale,
Florida
|
-$167K |
| 3 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$160K |
| 4 |
FCMT
Founders Capital Management (Texas)
Houston,
Texas
|
-$120K |
| 5 |
CSIC
Clifford Swan Investment Counsel
Pasadena,
California
|
-$77K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MA
26
Montag & Associates
Atlanta,
Georgia
| $15K | – | – | – |
|
|
FMP
27
Financial Management Professionals
Austin,
Texas
| $14K | – | – | – |
|
|
RWM
28
RBA Wealth Management
Newport Beach,
California
| $6.34K | +$6.44K | +418 | New |
|
29
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $2K | – | – | – |
|
|
KA
30
Kovack Advisors
Ft. Lauderdale,
Florida
| – | -$167K | -10,500 | Closed |
|
|
KAS
31
Kestra Advisory Services
Austin,
Texas
| – | -$160K | -10,081 | Closed |
|
|
FIA
32
FNY Investment Advisers
New York
| – | -$49K | -3,100 | Closed |
|
PAI Hedge Fund Activity: Q1 2021 in Review
29 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q1 2021, worth a combined $10.8M — up 5.1% from $10.3M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new PAI positions and 3 closed out — a net gain of 1 holder — while 7 added to existing stakes and 13 trimmed.
The largest buyer was Fiera Capital (Canada), opening a new position worth an estimated $610K. The largest seller was Guggenheim Capital, cutting an estimated $179K.
- 29 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q1 2021, up from 28 in Q4 2020.
- Funds reported $10.8M of Western Asset Investment Grade Income Fund stock for Q1 2021, up 5.1% quarter-over-quarter.
- 4 funds opened new Western Asset Investment Grade Income Fund positions in Q1 2021 and 3 closed out, a net change of +1 holder.
- The largest Western Asset Investment Grade Income Fund buyer in Q1 2021 was Fiera Capital (Canada), an estimated $610K added.
- The largest Western Asset Investment Grade Income Fund seller in Q1 2021 was Guggenheim Capital, an estimated $179K sold.
Based on aggregated 13F filings for Q1 2021.