Western Asset Investment Grade Income Fund
PAI
32 hedge funds and large institutions have $18.5M invested in Western Asset Investment Grade Income Fund in 2022 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 11 increasing their positions, 11 reducing their positions, and 2 closing their positions.
7% more capital invested
Capital invested by funds: $17.3M → $18.5M (+$1.22M)
0.56% more ownership
Funds ownership: 16.22% → 16.78% (+0.56%)
0% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 11
6% less funds holding
Funds holding: 34 → 32 (-2)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$638K |
| 2 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$288K |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$209K |
| 4 |
Morgan Stanley
New York
|
+$88.3K |
| 5 |
WCM
Whitener Capital Management
Rocky Mount,
North Carolina
|
+$57.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$154K |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$64.9K |
| 3 |
CSIC
Clifford Swan Investment Counsel
Pasadena,
California
|
-$40.7K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$37.9K |
| 5 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$20.5K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| $30K | – | – | – |
|
|
BFEC
27
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $27K | – | – | – |
|
|
MCC
28
Money Concepts Capital
Palm Beach Gardens,
Florida
| $14.1K | – | – | – |
|
29
Osaic Holdings
Scottsdale,
Arizona
| $7K | -$10.8K | -936 | -59% |
|
|
TRCT
30
Tower Research Capital (TRC)
New York
| $2K | +$2.1K | +182 | New |
|
31
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $1.62K | – | – | – |
|
32
Fidelity Investments
Boston,
Massachusetts
| $12 | – | – | – |
|
|
33
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$154K | -13,799 | Closed |
|
34
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$20K | -1,750 | Closed |
|
PAI Hedge Fund Activity: Q4 2022 in Review
32 of the 6,222 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q4 2022, worth a combined $18.5M — up 7.1% from $17.3M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of PAI and 1 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 11 added.
The largest buyer was 1607 Capital Partners, adding an estimated $638K. The largest seller was Susquehanna International Group, exiting entirely with an estimated $154K sold.
- 32 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q4 2022, down from 34 in Q3 2022.
- Funds reported $18.5M of Western Asset Investment Grade Income Fund stock for Q4 2022, up 7.1% quarter-over-quarter.
- 1 fund opened new Western Asset Investment Grade Income Fund positions in Q4 2022 and 2 closed out, a net change of -1 holder.
- The largest Western Asset Investment Grade Income Fund buyer in Q4 2022 was 1607 Capital Partners, an estimated $638K added.
- The largest Western Asset Investment Grade Income Fund seller in Q4 2022 was Susquehanna International Group, an estimated $154K sold.
Based on aggregated 13F filings for Q4 2022.