Western Asset Investment Grade Income Fund
PAI
29 hedge funds and large institutions have $16.1M invested in Western Asset Investment Grade Income Fund in 2022 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 7 reducing their positions, and 4 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 7
25% more capital invested
Capital invested by funds: $12.9M → $16.1M (+$3.24M)
4.12% more ownership
Funds ownership: 9.91% → 14.03% (+4.1%)
3% less funds holding
Funds holding: 30 → 29 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$5.07M |
| 2 |
SIA
SeaBridge Investment Advisors
Summit,
New Jersey
|
+$365K |
| 3 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$258K |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$213K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$156K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$575K |
| 2 |
Lido Advisors
Los Angeles,
California
|
-$280K |
| 3 |
KA
Kovack Advisors
Ft. Lauderdale,
Florida
|
-$163K |
| 4 |
FAG
Fortitude Advisory Group
Gig Harbor,
Washington
|
-$98K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$97.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Osaic Holdings
Scottsdale,
Arizona
| $20K | -$12.5K | -1,000 | -37% |
|
|
SWM
27
SeaCrest Wealth Management
Purchase,
New York
| $18K | +$18.8K | +1,500 | New |
|
|
MCC
28
Money Concepts Capital
Palm Beach Gardens,
Florida
| $15K | – | – | – |
|
29
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $2K | – | – | – |
|
|
WAM
30
Wolverine Asset Management
Chicago,
Illinois
| – | -$575K | -42,202 | Closed |
|
|
31
Lido Advisors
Los Angeles,
California
| – | -$280K | -20,555 | Closed |
|
|
KA
32
Kovack Advisors
Ft. Lauderdale,
Florida
| – | -$163K | -12,000 | Closed |
|
|
FAG
33
Fortitude Advisory Group
Gig Harbor,
Washington
| – | -$98K | -7,213 | Closed |
|
PAI Hedge Fund Activity: Q2 2022 in Review
29 of the 5,937 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q2 2022, worth a combined $16.1M — up 25% from $12.9M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of PAI and 3 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 11 added.
The largest buyer was 1607 Capital Partners, adding an estimated $5.07M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $575K sold.
- 29 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q2 2022, down from 30 in Q1 2022.
- Funds reported $16.1M of Western Asset Investment Grade Income Fund stock for Q2 2022, up 25% quarter-over-quarter.
- 3 funds opened new Western Asset Investment Grade Income Fund positions in Q2 2022 and 4 closed out, a net change of -1 holder.
- The largest Western Asset Investment Grade Income Fund buyer in Q2 2022 was 1607 Capital Partners, an estimated $5.07M added.
- The largest Western Asset Investment Grade Income Fund seller in Q2 2022 was Wolverine Asset Management, an estimated $575K sold.
Based on aggregated 13F filings for Q2 2022.