Western Asset Investment Grade Income Fund
PAI
32 hedge funds and large institutions have $39.1M invested in Western Asset Investment Grade Income Fund in 2026 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 12 reducing their positions, and 4 closing their positions.
0.56% more ownership
Funds ownership: 33.45% → 34% (+0.56%)
2% less capital invested
Capital invested by funds: $39.7M → $39.1M (-$628K)
8% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 12
6% less funds holding
Funds holding: 34 → 32 (-2)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$530K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$356K |
| 3 |
LPL Financial
San Diego,
California
|
+$194K |
| 4 |
FPAS
Focus Partners Advisor Solutions
Saint Louis,
Missouri
|
+$138K |
| 5 |
Jones Financial Companies
Des Peres,
Missouri
|
+$128K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$232K |
| 2 |
SG
StoneX Group
New York
|
-$167K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$100K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$95.5K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$83.7K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IAIM
26
International Assets Investment Management
Orlando,
Florida
| $69.2K | – | – | – |
|
27
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $47.9K | – | – | – |
|
|
FCMT
28
Founders Capital Management (Texas)
Houston,
Texas
| $38K | – | – | – |
|
29
Fifth Third Bancorp
Cincinnati,
Ohio
| $29.6K | +$30.6K | +2,450 | New |
|
|
CFD
30
Creative Financial Designs
Kokomo,
Indiana
| $18.2K | – | – | – |
|
31
Rockefeller Capital Management
New York
| $12.1K | +$12.5K | +1,000 | New |
|
|
32
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $1.69K | -$83.7K | -6,708 | -98% |
|
|
LSC
33
Logan Stone Capital
Chicago,
Illinois
| – | -$232K | -18,620 | Closed |
|
|
SG
34
StoneX Group
New York
| – | -$167K | -13,358 | Closed |
|
|
KAS
35
Kestra Advisory Services
Austin,
Texas
| – | -$31.7K | -2,537 | Closed |
|
|
KBFS
36
Kohmann Bosshard Financial Services
Fairlawn,
Ohio
| – | -$24.2K | -1,939 | Closed |
|
PAI Hedge Fund Activity: Q1 2026 in Review
32 of the 8,128 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q1 2026, worth a combined $39.1M — down 1.6% from $39.7M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of PAI and 3 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 11 added.
The largest buyer was Hennion & Walsh Asset Management, adding an estimated $530K. The largest seller was Logan Stone Capital, exiting entirely with an estimated $232K sold.
- 32 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q1 2026, down from 34 in Q4 2025.
- Funds reported $39.1M of Western Asset Investment Grade Income Fund stock for Q1 2026, down 1.6% quarter-over-quarter.
- 3 funds opened new Western Asset Investment Grade Income Fund positions in Q1 2026 and 4 closed out, a net change of -1 holder.
- The largest Western Asset Investment Grade Income Fund buyer in Q1 2026 was Hennion & Walsh Asset Management, an estimated $530K added.
- The largest Western Asset Investment Grade Income Fund seller in Q1 2026 was Logan Stone Capital, an estimated $232K sold.
Based on aggregated 13F filings for Q1 2026.