Western Asset Investment Grade Income Fund
PAI
19 hedge funds and large institutions have $29M invested in Western Asset Investment Grade Income Fund in 2015 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 4 increasing their positions, 7 reducing their positions, and 2 closing their positions.
0.59% less ownership
Funds ownership: 24.11% → 23.52% (-0.59%)
4% less capital invested
Capital invested by funds: $30.1M → $29M (-$1.12M)
5% less funds holding
Funds holding: 20 → 19 (-1)
43% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 7
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$659K |
| 2 |
GIP
Granite Investment Partners
El Segundo,
California
|
+$166K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$36.7K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$132 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$635K |
| 2 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$218K |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$218K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$217K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$202K |
PAI Hedge Fund Activity: Q4 2015 in Review
19 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q4 2015, worth a combined $29M — down 3.7% from $30.1M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of PAI and 1 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 4 added.
The largest buyer was LPL Financial, adding an estimated $659K. The largest seller was Karpus Investment Management, cutting an estimated $635K.
- 19 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q4 2015, down from 20 in Q3 2015.
- Funds reported $29M of Western Asset Investment Grade Income Fund stock for Q4 2015, down 3.7% quarter-over-quarter.
- 1 fund opened new Western Asset Investment Grade Income Fund positions in Q4 2015 and 2 closed out, a net change of -1 holder.
- The largest Western Asset Investment Grade Income Fund buyer in Q4 2015 was LPL Financial, an estimated $659K added.
- The largest Western Asset Investment Grade Income Fund seller in Q4 2015 was Karpus Investment Management, an estimated $635K sold.
Based on aggregated 13F filings for Q4 2015.