Western Asset Investment Grade Income Fund
PAI
35 hedge funds and large institutions have $26.9M invested in Western Asset Investment Grade Income Fund in 2024 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 10 reducing their positions, and 7 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 10
0.48% less ownership
Funds ownership: 23.05% → 22.57% (-0.48%)
1% less capital invested
Capital invested by funds: $27M → $26.9M (-$151K)
15% less funds holding
Funds holding: 41 → 35 (-6)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.13M |
| 2 |
Jones Financial Companies
Des Peres,
Missouri
|
+$726K |
| 3 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$532K |
| 4 |
SG
StoneX Group
New York
|
+$252K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$37K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.79M |
| 2 |
WA
Waverly Advisors
Birmingham,
Alabama
|
-$383K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$332K |
| 4 |
FWM
FMB Wealth Management
Westlake Village,
California
|
-$255K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$217K |
PAI Hedge Fund Activity: Q4 2024 in Review
35 of the 7,593 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q4 2024, worth a combined $26.9M — down 0.56% from $27M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PAI and 3 opened new positions — a net loss of 4 holders — while 10 trimmed existing stakes and 11 added.
The largest buyer was 1607 Capital Partners, adding an estimated $2.13M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $1.79M sold.
- 35 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q4 2024, down from 41 in Q3 2024.
- Funds reported $26.9M of Western Asset Investment Grade Income Fund stock for Q4 2024, down 0.56% quarter-over-quarter.
- 3 funds opened new Western Asset Investment Grade Income Fund positions in Q4 2024 and 7 closed out, a net change of -4 holders.
- The largest Western Asset Investment Grade Income Fund buyer in Q4 2024 was 1607 Capital Partners, an estimated $2.13M added.
- The largest Western Asset Investment Grade Income Fund seller in Q4 2024 was Karpus Investment Management, an estimated $1.79M sold.
Based on aggregated 13F filings for Q4 2024.