Western Asset Diversified Income Fund
WDI
54 hedge funds and large institutions have $200M invested in Western Asset Diversified Income Fund in 2023 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 22 increasing their positions, 13 reducing their positions, and 8 closing their positions.
69% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 13
1% more capital invested
Capital invested by funds: $198M → $200M (+$2.08M)
0.18% less ownership
Funds ownership: 28.84% → 28.66% (-0.18%)
4% less funds holding
Funds holding: 56 → 54 (-2)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.4M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.99M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$965K |
| 4 |
PCM
Penserra Capital Management
Orinda,
California
|
+$663K |
| 5 |
Cohen & Steers
New York
|
+$420K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$3.8M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.6M |
| 3 |
OC
Oppenheimer & Co
New York
|
-$1.51M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.22M |
| 5 |
RVPG
Relative Value Partners Group
|
-$917K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FIA
51
FNY Investment Advisers
New York
| $13K | – | – | – |
|
|
IA
52
IFP Advisors
Tampa,
Florida
| $8.08K | +$8K | +600 | New |
|
53
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $4K | +$1K | +75 | +33% |
|
|
GWS
54
Glassman Wealth Services
Vienna,
Virginia
| $3.6K | +$3.56K | +267 | New |
|
|
EWA
55
EverSource Wealth Advisors
Birmingham,
Alabama
| $1.59K | – | – | – |
|
56
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$141K | -10,566 | Closed |
|
|
ASN
57
Advisory Services Network
Atlanta,
Georgia
| – | -$121K | -9,100 | Closed |
|
|
EC
58
Elequin Capital
New York
| – | -$72.3K | -5,436 | Closed |
|
59
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$48.6K | -3,653 | Closed |
|
60
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$40.8K | -3,068 | Closed |
|
|
SIC
61
Salem Investment Counselors
Winston Salem,
North Carolina
| – | -$16.8K | -1,266 | Closed |
|
|
AW
62
Avion Wealth
The Woodlands,
Texas
| – | -$15K | -1,250 | Closed |
|
|
CS
63
Clear Street
New York
| – | -$1.14K | -86 | Closed |
|
WDI Hedge Fund Activity: Q2 2023 in Review
54 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Western Asset Diversified Income Fund (WDI) for Q2 2023, worth a combined $200M — up 1% from $198M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of WDI and 7 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 22 added.
The largest buyer was Morgan Stanley, adding an estimated $2.4M. The largest seller was Saba Capital Management, cutting an estimated $3.8M.
- 54 institutional investors held Western Asset Diversified Income Fund (WDI) as of Q2 2023, down from 56 in Q1 2023.
- Funds reported $200M of Western Asset Diversified Income Fund stock for Q2 2023, up 1% quarter-over-quarter.
- 7 funds opened new Western Asset Diversified Income Fund positions in Q2 2023 and 8 closed out, a net change of -1 holder.
- The largest Western Asset Diversified Income Fund buyer in Q2 2023 was Morgan Stanley, an estimated $2.4M added.
- The largest Western Asset Diversified Income Fund seller in Q2 2023 was Saba Capital Management, an estimated $3.8M sold.
Based on aggregated 13F filings for Q2 2023.