Western Asset Investment Grade Income Fund
PAI
20 hedge funds and large institutions have $30.1M invested in Western Asset Investment Grade Income Fund in 2015 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 6 reducing their positions, and 3 closing their positions.
0.25% less ownership
Funds ownership: 24.36% → 24.11% (-0.25%)
1% less capital invested
Capital invested by funds: $30.3M → $30.1M (-$157K)
5% less funds holding
Funds holding: 21 → 20 (-1)
17% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 6
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$304K |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$200K |
| 3 |
LPL Financial
San Diego,
California
|
+$136K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$116K |
| 5 |
Citigroup
New York
|
+$19K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$416K |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$298K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$203K |
| 4 |
CSIC
Clifford Swan Investment Counsel
Pasadena,
California
|
-$134K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$25.1K |
PAI Hedge Fund Activity: Q3 2015 in Review
20 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q3 2015, worth a combined $30.1M — down 0.52% from $30.3M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of PAI and 2 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 5 added.
The largest buyer was Wells Fargo, adding an estimated $304K. The largest seller was Karpus Investment Management, cutting an estimated $416K.
- 20 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q3 2015, down from 21 in Q2 2015.
- Funds reported $30.1M of Western Asset Investment Grade Income Fund stock for Q3 2015, down 0.52% quarter-over-quarter.
- 2 funds opened new Western Asset Investment Grade Income Fund positions in Q3 2015 and 3 closed out, a net change of -1 holder.
- The largest Western Asset Investment Grade Income Fund buyer in Q3 2015 was Wells Fargo, an estimated $304K added.
- The largest Western Asset Investment Grade Income Fund seller in Q3 2015 was Karpus Investment Management, an estimated $416K sold.
Based on aggregated 13F filings for Q3 2015.