Western Asset Investment Grade Income Fund
PAI
23 hedge funds and large institutions have $13.2M invested in Western Asset Investment Grade Income Fund in 2016 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 9 reducing their positions, and 4 closing their positions.
0.36% more ownership
Funds ownership: 9.43% → 9.79% (+0.36%)
0% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 9
3% less capital invested
Capital invested by funds: $13.7M → $13.2M (-$448K)
4% less funds holding
Funds holding: 24 → 23 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$842K |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$406K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$262K |
| 4 |
SG Americas Securities
New York
|
+$258K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$63.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$475K |
| 2 |
SIA
SeaBridge Investment Advisors
Summit,
New Jersey
|
-$457K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$347K |
| 4 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$65.9K |
| 5 |
CSIC
Clifford Swan Investment Counsel
Pasadena,
California
|
-$43.8K |
PAI Hedge Fund Activity: Q4 2016 in Review
23 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q4 2016, worth a combined $13.2M — down 3.3% from $13.7M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of PAI and 3 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 9 added.
The largest buyer was Invesco, adding an estimated $842K. The largest seller was Citadel Advisors, exiting entirely with an estimated $475K sold.
- 23 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q4 2016, down from 24 in Q3 2016.
- Funds reported $13.2M of Western Asset Investment Grade Income Fund stock for Q4 2016, down 3.3% quarter-over-quarter.
- 3 funds opened new Western Asset Investment Grade Income Fund positions in Q4 2016 and 4 closed out, a net change of -1 holder.
- The largest Western Asset Investment Grade Income Fund buyer in Q4 2016 was Invesco, an estimated $842K added.
- The largest Western Asset Investment Grade Income Fund seller in Q4 2016 was Citadel Advisors, an estimated $475K sold.
Based on aggregated 13F filings for Q4 2016.