Western Asset Investment Grade Income Fund
PAI
34 hedge funds and large institutions have $17.3M invested in Western Asset Investment Grade Income Fund in 2022 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 13 reducing their positions, and 1 closing their positions.
500% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 1
17% more funds holding
Funds holding: 29 → 34 (+5)
7% more capital invested
Capital invested by funds: $16.1M → $17.3M (+$1.16M)
2.19% more ownership
Funds ownership: 14.03% → 16.22% (+2.2%)
38% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
SeaBridge Investment Advisors
Summit,
New Jersey
|
+$998K |
| 2 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$610K |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$395K |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$253K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$168K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$146K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$46.9K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$46.2K |
| 4 |
CSIC
Clifford Swan Investment Counsel
Pasadena,
California
|
-$43.3K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$27.1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MRCM
26
M&R Capital Management
Summit,
New Jersey
| $113K | – | – | – |
|
|
FCMT
27
Founders Capital Management (Texas)
Houston,
Texas
| $87K | – | – | – |
|
28
Royal Bank of Canada
Toronto,
Ontario, Canada
| $29K | – | – | – |
|
|
BFEC
29
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $26K | – | – | – |
|
30
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $20K | – | – | – |
|
31
Osaic Holdings
Scottsdale,
Arizona
| $17K | -$1.83K | -150 | -9% |
|
|
MCC
32
Money Concepts Capital
Palm Beach Gardens,
Florida
| $14K | – | – | – |
|
33
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $2K | – | – | – |
|
|
SWM
34
SeaCrest Wealth Management
Purchase,
New York
| – | -$18K | -1,500 | Closed |
|
35
Fidelity Investments
Boston,
Massachusetts
| – | +$12 | +1 | New |
|
PAI Hedge Fund Activity: Q3 2022 in Review
34 of the 5,806 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q3 2022, worth a combined $17.3M — up 7.2% from $16.1M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new PAI positions and 1 closed out — a net gain of 5 holders — while 8 added to existing stakes and 13 trimmed.
The largest buyer was SeaBridge Investment Advisors, adding an estimated $998K. The largest seller was UBS Group, cutting an estimated $146K.
- 34 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q3 2022, up from 29 in Q2 2022.
- Funds reported $17.3M of Western Asset Investment Grade Income Fund stock for Q3 2022, up 7.2% quarter-over-quarter.
- 6 funds opened new Western Asset Investment Grade Income Fund positions in Q3 2022 and 1 closed out, a net change of +5 holders.
- The largest Western Asset Investment Grade Income Fund buyer in Q3 2022 was SeaBridge Investment Advisors, an estimated $998K added.
- The largest Western Asset Investment Grade Income Fund seller in Q3 2022 was UBS Group, an estimated $146K sold.
Based on aggregated 13F filings for Q3 2022.