Western Asset Investment Grade Income Fund
PAI
37 hedge funds and large institutions have $24.6M invested in Western Asset Investment Grade Income Fund in 2024 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 15 reducing their positions, and 3 closing their positions.
1.48% less ownership
Funds ownership: 22.71% → 21.23% (-1.5%)
3% less funds holding
Funds holding: 38 → 37 (-1)
5% less capital invested
Capital invested by funds: $26M → $24.6M (-$1.4M)
20% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 15
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.4M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$472K |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$93.7K |
| 4 |
SIA
SeaBridge Investment Advisors
Summit,
New Jersey
|
+$82.2K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$72.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$4.12M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$276K |
| 3 |
EWA
Emergent Wealth Advisors
Williamsville,
New York
|
-$188K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$130K |
| 5 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$91.9K |
PAI Hedge Fund Activity: Q1 2024 in Review
37 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Income Fund (PAI) for Q1 2024, worth a combined $24.6M — down 5.4% from $26M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of PAI and 2 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 12 added.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $2.4M. The largest seller was 1607 Capital Partners, cutting an estimated $4.12M.
- 37 institutional investors held Western Asset Investment Grade Income Fund (PAI) as of Q1 2024, down from 38 in Q4 2023.
- Funds reported $24.6M of Western Asset Investment Grade Income Fund stock for Q1 2024, down 5.4% quarter-over-quarter.
- 2 funds opened new Western Asset Investment Grade Income Fund positions in Q1 2024 and 3 closed out, a net change of -1 holder.
- The largest Western Asset Investment Grade Income Fund buyer in Q1 2024 was Karpus Investment Management, an estimated $2.4M added.
- The largest Western Asset Investment Grade Income Fund seller in Q1 2024 was 1607 Capital Partners, an estimated $4.12M sold.
Based on aggregated 13F filings for Q1 2024.