Western Asset Investment Grade Income Fund
PAI
25 hedge funds and large institutions have $10.8M invested in Western Asset Investment Grade Income Fund in 2021 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 7 closing their positions.
1.2% less ownership
Funds ownership: 8.45% → 7.24% (-1.2%)
11% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 9
14% less capital invested
Capital invested by funds: $12.6M → $10.8M (-$1.82M)
22% less funds holding
Funds holding: 32 → 25 (-7)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$365K |
| 2 |
GIP
Granite Investment Partners
El Segundo,
California
|
+$89.7K |
| 3 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
+$73.9K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$12.1K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$11.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$722K |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$674K |
| 3 |
FWM
Foresight Wealth Management
Draper,
Utah
|
-$356K |
| 4 |
KA
Kovack Advisors
Ft. Lauderdale,
Florida
|
-$203K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$163K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
26
Wolverine Asset Management
Chicago,
Illinois
| – | -$722K | -46,159 | Closed |
|
|
SFS
27
Shaker Financial Services
Arlington,
Virginia
| – | -$674K | -43,093 | Closed |
|
|
FWM
28
Foresight Wealth Management
Draper,
Utah
| – | -$356K | -22,754 | Closed |
|
|
KA
29
Kovack Advisors
Ft. Lauderdale,
Florida
| – | -$203K | -13,000 | Closed |
|
|
30
Stifel Financial
St. Louis,
Missouri
| – | -$163K | -10,421 | Closed |
|
|
MA
31
Montag & Associates
Atlanta,
Georgia
| – | -$16K | -1,000 | Closed |
|
|
PAI
32
Pittenger & Anderson Inc
Lincoin,
Nebraska
| – | -$5K | -308 | Closed |
|
PAI Hedge Fund Activity: Q3 2021 in Review
25 of the 5,713 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q3 2021, worth a combined $10.8M — down 14% from $12.6M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PAI and 0 opened new positions — a net loss of 7 holders — while 9 trimmed existing stakes and 8 added.
The largest buyer was UBS Group, adding an estimated $365K. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $722K sold.
- 25 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q3 2021, down from 32 in Q2 2021.
- Funds reported $10.8M of Western Asset Investment Grade Income Fund stock for Q3 2021, down 14% quarter-over-quarter.
- 0 funds opened new Western Asset Investment Grade Income Fund positions in Q3 2021 and 7 closed out, a net change of -7 holders.
- The largest Western Asset Investment Grade Income Fund buyer in Q3 2021 was UBS Group, an estimated $365K added.
- The largest Western Asset Investment Grade Income Fund seller in Q3 2021 was Wolverine Asset Management, an estimated $722K sold.
Based on aggregated 13F filings for Q3 2021.