Western Asset Investment Grade Income Fund
PAI
32 hedge funds and large institutions have $12.6M invested in Western Asset Investment Grade Income Fund in 2021 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 10 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
16% more capital invested
Capital invested by funds: $10.8M → $12.6M (+$1.77M)
10% more funds holding
Funds holding: 29 → 32 (+3)
0.94% more ownership
Funds ownership: 7.51% → 8.45% (+0.94%)
0% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FWM
Foresight Wealth Management
Draper,
Utah
|
+$346K |
| 2 |
LPL Financial
San Diego,
California
|
+$227K |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$205K |
| 4 |
Lido Advisors
Los Angeles,
California
|
+$200K |
| 5 |
KA
Kovack Advisors
Ft. Lauderdale,
Florida
|
+$198K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$156K |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
-$137K |
| 3 |
GIP
Granite Investment Partners
El Segundo,
California
|
-$85K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$56.5K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$39.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FIA
26
FNY Investment Advisers
New York
| $54K | +$53.2K | +3,500 | New |
|
27
Royal Bank of Canada
Toronto,
Ontario, Canada
| $41K | -$9.12K | -600 | -19% |
|
|
BFEC
28
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $36K | – | – | – |
|
29
Osaic Holdings
Scottsdale,
Arizona
| $25K | +$380 | +25 | +2% |
|
|
MA
30
Montag & Associates
Atlanta,
Georgia
| $16K | – | – | – |
|
|
PAI
31
Pittenger & Anderson Inc
Lincoin,
Nebraska
| $5K | +$4.68K | +308 | New |
|
32
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $2K | – | – | – |
|
|
FMP
33
Financial Management Professionals
Austin,
Texas
| – | -$14K | -925 | Closed |
|
|
RWM
34
RBA Wealth Management
Newport Beach,
California
| – | -$6.34K | -418 | Closed |
|
PAI Hedge Fund Activity: Q2 2021 in Review
32 of the 5,746 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q2 2021, worth a combined $12.6M — up 16% from $10.8M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new PAI positions and 2 closed out — a net gain of 3 holders — while 10 added to existing stakes and 10 trimmed.
The largest buyer was Foresight Wealth Management, opening a new position worth an estimated $346K. The largest seller was Cetera Advisor Networks, cutting an estimated $156K.
- 32 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q2 2021, up from 29 in Q1 2021.
- Funds reported $12.6M of Western Asset Investment Grade Income Fund stock for Q2 2021, up 16% quarter-over-quarter.
- 5 funds opened new Western Asset Investment Grade Income Fund positions in Q2 2021 and 2 closed out, a net change of +3 holders.
- The largest Western Asset Investment Grade Income Fund buyer in Q2 2021 was Foresight Wealth Management, an estimated $346K added.
- The largest Western Asset Investment Grade Income Fund seller in Q2 2021 was Cetera Advisor Networks, an estimated $156K sold.
Based on aggregated 13F filings for Q2 2021.