Western Asset Investment Grade Income Fund
PAI
32 hedge funds and large institutions have $19.5M invested in Western Asset Investment Grade Income Fund in 2023 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 10 increasing their positions, 9 reducing their positions, and 3 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 9
6% more capital invested
Capital invested by funds: $18.5M → $19.5M (+$1.02M)
0.39% more ownership
Funds ownership: 16.78% → 17.18% (+0.39%)
0% more funds holding
Funds holding: 32 → 32 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Waverly Advisors
Birmingham,
Alabama
|
+$359K |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$257K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$175K |
| 4 |
KA
Kovack Advisors
Ft. Lauderdale,
Florida
|
+$133K |
| 5 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$93.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$361K |
| 2 |
GIP
Granite Investment Partners
El Segundo,
California
|
-$234K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$56.3K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$47K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$41.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MRCM
26
M&R Capital Management
Summit,
New Jersey
| $121K | – | – | – |
|
|
27
Wells Fargo
San Francisco,
California
| $102K | -$56.3K | -4,659 | -35% |
|
|
FCMT
28
Founders Capital Management (Texas)
Houston,
Texas
| $74K | – | – | – |
|
29
Royal Bank of Canada
Toronto,
Ontario, Canada
| $31K | – | – | – |
|
|
BFEC
30
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $28K | – | – | – |
|
31
Osaic Holdings
Scottsdale,
Arizona
| $7.62K | – | – | – |
|
32
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $1.67K | – | – | – |
|
|
MCC
33
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$14.1K | -1,216 | Closed |
|
|
TRCT
34
Tower Research Capital (TRC)
New York
| – | -$2K | -182 | Closed |
|
35
Fidelity Investments
Boston,
Massachusetts
| – | -$12 | -1 | Closed |
|
PAI Hedge Fund Activity: Q1 2023 in Review
32 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q1 2023, worth a combined $19.5M — up 5.5% from $18.5M a quarter earlier.
Fund positioning in PAI was balanced in Q1 2023: 3 funds opened new positions, 3 closed out, 10 added to existing stakes and 9 trimmed.
The largest buyer was Waverly Advisors, opening a new position worth an estimated $359K. The largest seller was 1607 Capital Partners, cutting an estimated $361K.
- 32 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q1 2023, unchanged from Q4 2022.
- Funds reported $19.5M of Western Asset Investment Grade Income Fund stock for Q1 2023, up 5.5% quarter-over-quarter.
- 3 funds opened new Western Asset Investment Grade Income Fund positions in Q1 2023 and 3 closed out, a net change of 0 holders.
- The largest Western Asset Investment Grade Income Fund buyer in Q1 2023 was Waverly Advisors, an estimated $359K added.
- The largest Western Asset Investment Grade Income Fund seller in Q1 2023 was 1607 Capital Partners, an estimated $361K sold.
Based on aggregated 13F filings for Q1 2023.