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PAI

Western Asset Investment Grade Income Fund

23 hedge funds and large institutions have $7.78M invested in Western Asset Investment Grade Income Fund in 2018 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 5 increasing their positions, 11 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.22% less ownership

Funds ownership: 7.3%6.09% (-1.2%)

15% less funds holding

Funds holding: 2723 (-4)

26% less capital invested

Capital invested by funds: $10.5M → $7.78M (-$2.71M)

55% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 11

100% less first-time investments, than exits

New positions opened: 0 | Existing positions closed: 4

Holders
23
Holders Change
-4
Holders Change %
-14.81%
% of All Funds
0.53%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
5
Reduced
11
Closed
4
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
CSIC
1
Clifford Swan Investment Counsel
California
$1.34M -$187K -13,650 -12%
Wells Fargo
2
Wells Fargo
California
$1.22M +$71.5K +5,219 +6%
WAM
3
Wolverine Asset Management
Illinois
$681K -$494K -36,085 -42%
Bank of America
4
Bank of America
North Carolina
$616K -$390K -28,491 -38%
UBS Group
5
UBS Group
Switzerland
$609K +$213K +15,542 +53%
GIP
6
Granite Investment Partners
California
$568K -$15.4K -1,123 -3%
GC
7
Guggenheim Capital
Illinois
$537K +$7.05K +515 +1%
MCP
8
Martin Capital Partners
Oregon
$514K -$1.03K -75 -0.2%
MRCM
9
M&R Capital Management
New Jersey
$274K -$4.11K -300 -1%
Northwestern Mutual Wealth Management
10
Northwestern Mutual Wealth Management
Wisconsin
$269K +$55.8K +4,076 +26%
RJFSA
11
Raymond James Financial Services Advisors
Florida
$241K -$31K -2,260 -11%
Fiera Capital (Canada)
12
Fiera Capital (Canada)
Quebec, Canada
$194K +$38.5K +2,812 +24%
Morgan Stanley
13
Morgan Stanley
New York
$173K -$47.3K -3,451 -21%
APA
14
American Portfolios Advisors
New York
$171K
LCM
15
Landscape Capital Management
New Jersey
$155K -$55.3K -4,037 -26%
FCMT
16
Founders Capital Management (Texas)
Texas
$71K -$35.6K -2,600 -33%
SWM
17
SeaCrest Wealth Management
New York
$34K
BFEC
18
Benjamin F. Edwards & Company
Missouri
$31K
LTFS
19
Ladenburg Thalmann Financial Services
Florida
$27K -$168K -12,231 -86%
Royal Bank of Canada
20
Royal Bank of Canada
Ontario, Canada
$20K
GWM
21
Geneos Wealth Management
Colorado
$18K
FMP
22
Financial Management Professionals
Texas
$12K
SPIA
23
Steward Partners Investment Advisory
New York
$2K
CWM
24
Cornerstone Wealth Management
Missouri
-$1.2M -16,440 Closed
CIA
25
Capital Investment Advisors
Georgia
-$157K -11,397 Closed

PAI Hedge Fund Activity: Q3 2018 in Review

23 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q3 2018, worth a combined $7.78M — down 26% from $10.5M a quarter earlier.

Sellers outnumbered buyers: 4 funds closed out of PAI and 0 opened new positions — a net loss of 4 holders — while 11 trimmed existing stakes and 5 added.

The largest buyer was UBS Group, adding an estimated $213K. The largest seller was Cornerstone Wealth Management, exiting entirely with an estimated $1.2M sold.

  • 23 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q3 2018, down from 27 in Q2 2018.
  • Funds reported $7.78M of Western Asset Investment Grade Income Fund stock for Q3 2018, down 26% quarter-over-quarter.
  • 0 funds opened new Western Asset Investment Grade Income Fund positions in Q3 2018 and 4 closed out, a net change of -4 holders.
  • The largest Western Asset Investment Grade Income Fund buyer in Q3 2018 was UBS Group, an estimated $213K added.
  • The largest Western Asset Investment Grade Income Fund seller in Q3 2018 was Cornerstone Wealth Management, an estimated $1.2M sold.

Based on aggregated 13F filings for Q3 2018.