Western Asset Investment Grade Income Fund
PAI
22 hedge funds and large institutions have $7.18M invested in Western Asset Investment Grade Income Fund in 2019 Q2 according to their latest regulatory filings, with 0 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 2 closing their positions.
0.36% less ownership
Funds ownership: 5.45% → 5.09% (-0.36%)
6% less capital invested
Capital invested by funds: $7.61M → $7.18M (-$424K)
8% less funds holding
Funds holding: 24 → 22 (-2)
11% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 9
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$111K |
| 2 |
Morgan Stanley
New York
|
+$63.9K |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$13.6K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$13.3K |
| 5 |
GIP
Granite Investment Partners
El Segundo,
California
|
+$3.77K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
APA
American Portfolios Advisors
Holbrook,
New York
|
-$187K |
| 2 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$148K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$116K |
| 4 |
Lido Advisors
Los Angeles,
California
|
-$81.6K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$45.9K |
PAI Hedge Fund Activity: Q2 2019 in Review
22 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q2 2019, worth a combined $7.18M — down 5.6% from $7.61M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of PAI and 0 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 8 added.
The largest buyer was Guggenheim Capital, adding an estimated $111K. The largest seller was American Portfolios Advisors, exiting entirely with an estimated $187K sold.
- 22 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q2 2019, down from 24 in Q1 2019.
- Funds reported $7.18M of Western Asset Investment Grade Income Fund stock for Q2 2019, down 5.6% quarter-over-quarter.
- 0 funds opened new Western Asset Investment Grade Income Fund positions in Q2 2019 and 2 closed out, a net change of -2 holders.
- The largest Western Asset Investment Grade Income Fund buyer in Q2 2019 was Guggenheim Capital, an estimated $111K added.
- The largest Western Asset Investment Grade Income Fund seller in Q2 2019 was American Portfolios Advisors, an estimated $187K sold.
Based on aggregated 13F filings for Q2 2019.