Western Asset Investment Grade Income Fund
PAI
38 hedge funds and large institutions have $26M invested in Western Asset Investment Grade Income Fund in 2023 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 13 increasing their positions, 10 reducing their positions, and 6 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 10
19% more capital invested
Capital invested by funds: $21.9M → $26M (+$4.1M)
2.24% more ownership
Funds ownership: 20.47% → 22.71% (+2.2%)
3% less funds holding
Funds holding: 39 → 38 (-1)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.63M |
| 2 |
LPL Financial
San Diego,
California
|
+$244K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$231K |
| 4 |
FWM
FMB Wealth Management
Westlake Village,
California
|
+$226K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$196K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$364K |
| 2 |
FPAS
Focus Partners Advisor Solutions
Saint Louis,
Missouri
|
-$162K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$123K |
| 4 |
KA
Kovack Advisors
Ft. Lauderdale,
Florida
|
-$113K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$108K |
PAI Hedge Fund Activity: Q4 2023 in Review
38 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q4 2023, worth a combined $26M — up 19% from $21.9M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of PAI and 5 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 13 added.
The largest buyer was 1607 Capital Partners, adding an estimated $1.63M. The largest seller was Ameriprise, exiting entirely with an estimated $364K sold.
- 38 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q4 2023, down from 39 in Q3 2023.
- Funds reported $26M of Western Asset Investment Grade Income Fund stock for Q4 2023, up 19% quarter-over-quarter.
- 5 funds opened new Western Asset Investment Grade Income Fund positions in Q4 2023 and 6 closed out, a net change of -1 holder.
- The largest Western Asset Investment Grade Income Fund buyer in Q4 2023 was 1607 Capital Partners, an estimated $1.63M added.
- The largest Western Asset Investment Grade Income Fund seller in Q4 2023 was Ameriprise, an estimated $364K sold.
Based on aggregated 13F filings for Q4 2023.