Western Asset Investment Grade Income Fund
PAI
30 hedge funds and large institutions have $12.9M invested in Western Asset Investment Grade Income Fund in 2022 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 9 increasing their positions, 7 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
29% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 7
19% more capital invested
Capital invested by funds: $10.8M → $12.9M (+$2.08M)
15% more funds holding
Funds holding: 26 → 30 (+4)
2.65% more ownership
Funds ownership: 7.26% → 9.91% (+2.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$3.09M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$591K |
| 3 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$281K |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$211K |
| 5 |
KA
Kovack Advisors
Ft. Lauderdale,
Florida
|
+$168K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lido Advisors
Los Angeles,
California
|
-$534K |
| 2 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
-$287K |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$184K |
| 4 |
SC
Steph & Co
Marinette,
Wisconsin
|
-$47K |
| 5 |
Morgan Stanley
New York
|
-$37K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| $36K | – | – | – |
|
|
BFEC
27
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $31K | – | – | – |
|
28
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $19K | +$19.8K | +1,412 | New |
|
|
MCC
29
Money Concepts Capital
Palm Beach Gardens,
Florida
| $17K | +$17K | +1,216 | New |
|
30
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $2K | – | – | – |
|
|
BRWM
31
B. Riley Wealth Management
Memphis,
Tennessee
| – | -$287K | -18,350 | Closed |
|
|
SC
32
Steph & Co
Marinette,
Wisconsin
| – | -$47K | -3,000 | Closed |
|
PAI Hedge Fund Activity: Q1 2022 in Review
30 of the 6,341 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q1 2022, worth a combined $12.9M — up 19% from $10.8M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new PAI positions and 2 closed out — a net gain of 4 holders — while 9 added to existing stakes and 7 trimmed.
The largest buyer was 1607 Capital Partners, opening a new position worth an estimated $3.09M. The largest seller was Lido Advisors, cutting an estimated $534K.
- 30 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q1 2022, up from 26 in Q4 2021.
- Funds reported $12.9M of Western Asset Investment Grade Income Fund stock for Q1 2022, up 19% quarter-over-quarter.
- 6 funds opened new Western Asset Investment Grade Income Fund positions in Q1 2022 and 2 closed out, a net change of +4 holders.
- The largest Western Asset Investment Grade Income Fund buyer in Q1 2022 was 1607 Capital Partners, an estimated $3.09M added.
- The largest Western Asset Investment Grade Income Fund seller in Q1 2022 was Lido Advisors, an estimated $534K sold.
Based on aggregated 13F filings for Q1 2022.