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PAI

Western Asset Investment Grade Income Fund

38 hedge funds and large institutions have $26.3M invested in Western Asset Investment Grade Income Fund in 2023 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 9 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 9

20% more capital invested

Capital invested by funds: $21.9M → $26.3M (+$4.44M)

2.54% more ownership

Funds ownership: 20.47%23.01% (+2.5%)

3% less funds holding

Funds holding: 3938 (-1)

17% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 6

Holders
38
Holders Change
-1
Holders Change %
-2.56%
% of All Funds
0.55%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
5
Increased
14
Reduced
9
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
1CP
1
1607 Capital Partners
Virginia
$10.6M +$1.63M +142,853 +19%
HWAM
2
Hennion & Walsh Asset Management
New Jersey
$2.41M +$87.3K +7,666 +4%
Allspring Global Investments
3
Allspring Global Investments
North Carolina
$1.75M +$143K +12,589 +9%
SIA
4
SeaBridge Investment Advisors
New Jersey
$1.54M +$26.6K +2,338 +2%
GC
5
Guggenheim Capital
Illinois
$1.23M +$122K +10,700 +12%
Fiera Capital (Canada)
6
Fiera Capital (Canada)
Quebec, Canada
$1.07M
CSIC
7
Clifford Swan Investment Counsel
California
$717K -$98K -8,600 -13%
Morgan Stanley
8
Morgan Stanley
New York
$682K +$305K +26,815 +90%
LPL Financial
9
LPL Financial
California
$591K +$244K +21,435 +78%
RJFSA
10
Raymond James Financial Services Advisors
Florida
$486K +$3.33K +292 +0.7%
TIM
11
Tortoise Investment Management
New York
$366K +$112K +9,848 +48%
MCWA
12
Meadow Creek Wealth Advisors
Georgia
$360K +$340K +29,885 New
WA
13
Waverly Advisors
Alabama
$358K
ACP
14
Aviance Capital Partners
Florida
$335K -$24.5K -2,151 -7%
MCP
15
Martin Capital Partners
Oregon
$314K
Wells Fargo
16
Wells Fargo
California
$310K +$27.5K +2,411 +10%
Stifel Financial
17
Stifel Financial
Missouri
$304K +$16.6K +1,460 +6%
UBS Group
18
UBS Group
Switzerland
$279K -$108K -9,519 -29%
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$276K +$231K +20,275 +771%
Thrivent Financial for Lutherans
20
Thrivent Financial for Lutherans
Minnesota
$250K
FWM
21
FMB Wealth Management
California
$239K +$226K +19,823 New
Invesco
22
Invesco
Georgia
$213K +$5.64K +495 +3%
LCM
23
Landscape Capital Management
New Jersey
$207K +$196K +17,186 New
EWA
24
Emergent Wealth Advisors
New York
$188K +$178K +15,588 New
WCM
25
Whitener Capital Management
North Carolina
$181K -$35.3K -3,100 -17%

PAI Hedge Fund Activity: Q4 2023 in Review

38 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q4 2023, worth a combined $26.3M — up 20% 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 9 trimmed existing stakes and 14 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 $26.3M of Western Asset Investment Grade Income Fund stock for Q4 2023, up 20% 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.