Western Asset Investment Grade Income Fund
PAI
21 hedge funds and large institutions have $32.5M invested in Western Asset Investment Grade Income Fund in 2014 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 5 increasing their positions, 11 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
8% more capital invested
Capital invested by funds: $30.1M → $32.5M (+$2.37M)
5% more funds holding
Funds holding: 20 → 21 (+1)
0.73% more ownership
Funds ownership: 23.99% → 24.72% (+0.73%)
55% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.87M |
| 2 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
+$146K |
| 3 |
SG Americas Securities
New York
|
+$123K |
| 4 |
WA
WFG Advisors
Dallas,
Texas
|
+$61.6K |
| 5 |
Creative Planning
Overland Park,
Kansas
|
+$32.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.03M |
| 2 |
SCM
Saba Capital Management
New York
|
-$386K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$280K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$140K |
| 5 |
U
UBS
Zurich,
Switzerland
|
-$122K |
PAI Hedge Fund Activity: Q2 2014 in Review
21 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q2 2014, worth a combined $32.5M — up 7.9% from $30.1M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new PAI positions and 2 closed out — a net gain of 1 holder — while 5 added to existing stakes and 11 trimmed.
The largest buyer was 1607 Capital Partners, adding an estimated $2.87M. The largest seller was Karpus Investment Management, cutting an estimated $1.03M.
- 21 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q2 2014, up from 20 in Q1 2014.
- Funds reported $32.5M of Western Asset Investment Grade Income Fund stock for Q2 2014, up 7.9% quarter-over-quarter.
- 3 funds opened new Western Asset Investment Grade Income Fund positions in Q2 2014 and 2 closed out, a net change of +1 holder.
- The largest Western Asset Investment Grade Income Fund buyer in Q2 2014 was 1607 Capital Partners, an estimated $2.87M added.
- The largest Western Asset Investment Grade Income Fund seller in Q2 2014 was Karpus Investment Management, an estimated $1.03M sold.
Based on aggregated 13F filings for Q2 2014.