Western Asset Investment Grade Income Fund
PAI
37 hedge funds and large institutions have $21.2M invested in Western Asset Investment Grade Income Fund in 2023 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 13 increasing their positions, 6 reducing their positions, and 0 closing their positions.
117% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 6
16% more funds holding
Funds holding: 32 → 37 (+5)
9% more capital invested
Capital invested by funds: $19.5M → $21.2M (+$1.71M)
2% more ownership
Funds ownership: 17.18% → 19.18% (+2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$881K |
| 2 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$565K |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$268K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$137K |
| 5 |
GHAM
Gilman Hill Asset Management
New Canaan,
Connecticut
|
+$125K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$42.3K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$29.2K |
| 3 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$20.6K |
| 4 |
WCM
Whitener Capital Management
Rocky Mount,
North Carolina
|
-$17.6K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$15.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GHAM
26
Gilman Hill Asset Management
New Canaan,
Connecticut
| $124K | +$125K | +10,625 | New |
|
27
Bank of America
Charlotte,
North Carolina
| $122K | +$282 | +24 | +0.2% |
|
|
MRCM
28
M&R Capital Management
Summit,
New Jersey
| $117K | – | – | – |
|
29
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $85K | +$86K | +7,312 | New |
|
|
FCMT
30
Founders Capital Management (Texas)
Houston,
Texas
| $71.8K | – | – | – |
|
|
WAM
31
Wolverine Asset Management
Chicago,
Illinois
| $71.8K | +$72.7K | +6,175 | New |
|
32
Royal Bank of Canada
Toronto,
Ontario, Canada
| $31K | – | – | – |
|
|
BFEC
33
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $27K | – | – | – |
|
|
CFD
34
Creative Financial Designs
Kokomo,
Indiana
| $25.2K | +$25.5K | +2,169 | New |
|
35
Osaic Holdings
Scottsdale,
Arizona
| $7.42K | – | – | – |
|
36
US Bancorp
Minneapolis,
Minnesota
| $2.41K | +$2.44K | +207 | New |
|
37
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $1.63K | – | – | – |
|
PAI Hedge Fund Activity: Q2 2023 in Review
37 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q2 2023, worth a combined $21.2M — up 8.8% from $19.5M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new PAI positions and 0 closed out — a net gain of 5 holders — while 13 added to existing stakes and 6 trimmed.
The largest buyer was Allspring Global Investments, adding an estimated $881K. The largest seller was Ameriprise, cutting an estimated $42.3K.
- 37 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q2 2023, up from 32 in Q1 2023.
- Funds reported $21.2M of Western Asset Investment Grade Income Fund stock for Q2 2023, up 8.8% quarter-over-quarter.
- 5 funds opened new Western Asset Investment Grade Income Fund positions in Q2 2023 and 0 closed out, a net change of +5 holders.
- The largest Western Asset Investment Grade Income Fund buyer in Q2 2023 was Allspring Global Investments, an estimated $881K added.
- The largest Western Asset Investment Grade Income Fund seller in Q2 2023 was Ameriprise, an estimated $42.3K sold.
Based on aggregated 13F filings for Q2 2023.