Western Asset Investment Grade Income Fund
PAI
25 hedge funds and large institutions have $14M invested in Western Asset Investment Grade Income Fund in 2016 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 5 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
2% less capital invested
Capital invested by funds: $14.3M → $14M (-$321K)
1.03% less ownership
Funds ownership: 10.65% → 9.62% (-1%)
4% less funds holding
Funds holding: 26 → 25 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$464K |
| 2 |
Invesco
Atlanta,
Georgia
|
+$224K |
| 3 |
LPL Financial
San Diego,
California
|
+$165K |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$159K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$132K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$896K |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$410K |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$229K |
| 4 |
SIA
SeaBridge Investment Advisors
Summit,
New Jersey
|
-$228K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$173K |
PAI Hedge Fund Activity: Q3 2016 in Review
25 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q3 2016, worth a combined $14M — down 2.2% from $14.3M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of PAI and 4 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 7 added.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $464K. The largest seller was Wells Fargo, cutting an estimated $896K.
- 25 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q3 2016, down from 26 in Q2 2016.
- Funds reported $14M of Western Asset Investment Grade Income Fund stock for Q3 2016, down 2.2% quarter-over-quarter.
- 4 funds opened new Western Asset Investment Grade Income Fund positions in Q3 2016 and 5 closed out, a net change of -1 holder.
- The largest Western Asset Investment Grade Income Fund buyer in Q3 2016 was Citadel Advisors, an estimated $464K added.
- The largest Western Asset Investment Grade Income Fund seller in Q3 2016 was Wells Fargo, an estimated $896K sold.
Based on aggregated 13F filings for Q3 2016.