Western Asset Investment Grade Income Fund
PAI
21 hedge funds and large institutions have $32M invested in Western Asset Investment Grade Income Fund in 2014 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 6 reducing their positions, and 3 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 6
0.51% more ownership
Funds ownership: 24.72% → 25.22% (+0.51%)
0% more funds holding
Funds holding: 21 → 21 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
2% less capital invested
Capital invested by funds: $32.5M → $32M (-$523K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$884K |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$512K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
+$238K |
| 4 |
Morgan Stanley
New York
|
+$69.3K |
| 5 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
+$68.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$503K |
| 2 |
SCM
Saba Capital Management
New York
|
-$494K |
| 3 |
SG Americas Securities
New York
|
-$125K |
| 4 |
Creative Planning
Overland Park,
Kansas
|
-$33K |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$31.3K |
PAI Hedge Fund Activity: Q3 2014 in Review
21 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q3 2014, worth a combined $32M — down 1.6% from $32.5M a quarter earlier.
Fund positioning in PAI was balanced in Q3 2014: 3 funds opened new positions, 3 closed out, 9 added to existing stakes and 6 trimmed.
The largest buyer was 1607 Capital Partners, adding an estimated $884K. The largest seller was Guggenheim Capital, cutting an estimated $503K.
- 21 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q3 2014, unchanged from Q2 2014.
- Funds reported $32M of Western Asset Investment Grade Income Fund stock for Q3 2014, down 1.6% quarter-over-quarter.
- 3 funds opened new Western Asset Investment Grade Income Fund positions in Q3 2014 and 3 closed out, a net change of 0 holders.
- The largest Western Asset Investment Grade Income Fund buyer in Q3 2014 was 1607 Capital Partners, an estimated $884K added.
- The largest Western Asset Investment Grade Income Fund seller in Q3 2014 was Guggenheim Capital, an estimated $503K sold.
Based on aggregated 13F filings for Q3 2014.