Western Asset Investment Grade Income Fund
PAI
21 hedge funds and large institutions have $30.3M invested in Western Asset Investment Grade Income Fund in 2015 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 4 reducing their positions, and 4 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 4
0.35% more ownership
Funds ownership: 24.01% → 24.36% (+0.35%)
4% less capital invested
Capital invested by funds: $31.6M → $30.3M (-$1.33M)
9% less funds holding
Funds holding: 23 → 21 (-2)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$1.08M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$943K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$307K |
| 4 |
CSIC
Clifford Swan Investment Counsel
Pasadena,
California
|
+$232K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$28.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.4M |
| 2 |
SCM
Saba Capital Management
New York
|
-$289K |
| 3 |
ICAS
Investors Capital Advisory Services
Lynnfield,
Massachusetts
|
-$173K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$146K |
| 5 |
GIP
Granite Investment Partners
El Segundo,
California
|
-$108K |
PAI Hedge Fund Activity: Q2 2015 in Review
21 of the 3,730 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q2 2015, worth a combined $30.3M — down 4.2% from $31.6M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of PAI and 2 opened new positions — a net loss of 2 holders — while 4 trimmed existing stakes and 7 added.
The largest buyer was UBS Group, adding an estimated $1.08M. The largest seller was Karpus Investment Management, cutting an estimated $1.4M.
- 21 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q2 2015, down from 23 in Q1 2015.
- Funds reported $30.3M of Western Asset Investment Grade Income Fund stock for Q2 2015, down 4.2% quarter-over-quarter.
- 2 funds opened new Western Asset Investment Grade Income Fund positions in Q2 2015 and 4 closed out, a net change of -2 holders.
- The largest Western Asset Investment Grade Income Fund buyer in Q2 2015 was UBS Group, an estimated $1.08M added.
- The largest Western Asset Investment Grade Income Fund seller in Q2 2015 was Karpus Investment Management, an estimated $1.4M sold.
Based on aggregated 13F filings for Q2 2015.