Western Asset Investment Grade Income Fund
PAI
40 hedge funds and large institutions have $24.9M invested in Western Asset Investment Grade Income Fund in 2024 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 11 increasing their positions, 10 reducing their positions, and 5 closing their positions.
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
10% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 10
8% more funds holding
Funds holding: 37 → 40 (+3)
1% more capital invested
Capital invested by funds: $24.6M → $24.9M (+$292K)
0.45% more ownership
Funds ownership: 21.23% → 21.67% (+0.45%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$797K |
| 2 |
SA
SFI Advisors
Montclair,
New Jersey
|
+$556K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$550K |
| 4 |
Jones Financial Companies
Des Peres,
Missouri
|
+$231K |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$190K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$720K |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$535K |
| 3 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$353K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$214K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$141K |
PAI Hedge Fund Activity: Q2 2024 in Review
40 of the 6,925 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q2 2024, worth a combined $24.9M — up 1.2% from $24.6M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new PAI positions and 5 closed out — a net gain of 3 holders — while 11 added to existing stakes and 10 trimmed.
The largest buyer was Shaker Financial Services, opening a new position worth an estimated $797K. The largest seller was Karpus Investment Management, cutting an estimated $720K.
- 40 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q2 2024, up from 37 in Q1 2024.
- Funds reported $24.9M of Western Asset Investment Grade Income Fund stock for Q2 2024, up 1.2% quarter-over-quarter.
- 8 funds opened new Western Asset Investment Grade Income Fund positions in Q2 2024 and 5 closed out, a net change of +3 holders.
- The largest Western Asset Investment Grade Income Fund buyer in Q2 2024 was Shaker Financial Services, an estimated $797K added.
- The largest Western Asset Investment Grade Income Fund seller in Q2 2024 was Karpus Investment Management, an estimated $720K sold.
Based on aggregated 13F filings for Q2 2024.