Western Asset Investment Grade Income Fund
PAI
22 hedge funds and large institutions have $9.44M invested in Western Asset Investment Grade Income Fund in 2020 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 8 increasing their positions, 7 reducing their positions, and 4 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 7
0.67% less ownership
Funds ownership: 6.84% → 6.17% (-0.67%)
3% less capital invested
Capital invested by funds: $9.73M → $9.44M (-$289K)
15% less funds holding
Funds holding: 26 → 22 (-4)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
+$116K |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$112K |
| 3 |
WCM
Whitener Capital Management
Rocky Mount,
North Carolina
|
+$99.2K |
| 4 |
Lido Advisors
Los Angeles,
California
|
+$89.4K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$37.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ADBIC
A.D. Beadell Investment Counsel
Mequon,
Wisconsin
|
-$420K |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$331K |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$267K |
| 4 |
PMG
ProVise Management Group
Clearwater,
Florida
|
-$150K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$124K |
PAI Hedge Fund Activity: Q3 2020 in Review
22 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q3 2020, worth a combined $9.44M — down 3% from $9.73M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of PAI and 0 opened new positions — a net loss of 4 holders — while 7 trimmed existing stakes and 8 added.
The largest buyer was B. Riley Wealth Management, adding an estimated $116K. The largest seller was A.D. Beadell Investment Counsel, exiting entirely with an estimated $420K sold.
- 22 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q3 2020, down from 26 in Q2 2020.
- Funds reported $9.44M of Western Asset Investment Grade Income Fund stock for Q3 2020, down 3% quarter-over-quarter.
- 0 funds opened new Western Asset Investment Grade Income Fund positions in Q3 2020 and 4 closed out, a net change of -4 holders.
- The largest Western Asset Investment Grade Income Fund buyer in Q3 2020 was B. Riley Wealth Management, an estimated $116K added.
- The largest Western Asset Investment Grade Income Fund seller in Q3 2020 was A.D. Beadell Investment Counsel, an estimated $420K sold.
Based on aggregated 13F filings for Q3 2020.