Western Asset Investment Grade Income Fund
PAI
23 hedge funds and large institutions have $26.6M invested in Western Asset Investment Grade Income Fund in 2016 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 6 increasing their positions, 5 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
21% more funds holding
Funds holding: 19 → 23 (+4)
20% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 5
2.79% less ownership
Funds ownership: 23.52% → 20.73% (-2.8%)
8% less capital invested
Capital invested by funds: $29M → $26.6M (-$2.33M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
SeaBridge Investment Advisors
Summit,
New Jersey
|
+$1.35M |
| 2 |
LPL Financial
San Diego,
California
|
+$825K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$350K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$146K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$145K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$3.17M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.54M |
| 3 |
CSIC
Clifford Swan Investment Counsel
Pasadena,
California
|
-$303K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$182K |
| 5 |
GIP
Granite Investment Partners
El Segundo,
California
|
-$103K |
PAI Hedge Fund Activity: Q1 2016 in Review
23 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q1 2016, worth a combined $26.6M — down 8.1% from $29M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new PAI positions and 2 closed out — a net gain of 4 holders — while 6 added to existing stakes and 5 trimmed.
The largest buyer was SeaBridge Investment Advisors, opening a new position worth an estimated $1.35M. The largest seller was 1607 Capital Partners, cutting an estimated $3.17M.
- 23 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q1 2016, up from 19 in Q4 2015.
- Funds reported $26.6M of Western Asset Investment Grade Income Fund stock for Q1 2016, down 8.1% quarter-over-quarter.
- 6 funds opened new Western Asset Investment Grade Income Fund positions in Q1 2016 and 2 closed out, a net change of +4 holders.
- The largest Western Asset Investment Grade Income Fund buyer in Q1 2016 was SeaBridge Investment Advisors, an estimated $1.35M added.
- The largest Western Asset Investment Grade Income Fund seller in Q1 2016 was 1607 Capital Partners, an estimated $3.17M sold.
Based on aggregated 13F filings for Q1 2016.