Western Asset Diversified Income Fund
WDI
51 hedge funds and large institutions have $186M invested in Western Asset Diversified Income Fund in 2023 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 15 reducing their positions, and 7 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 15
1.62% less ownership
Funds ownership: 28.66% → 27.04% (-1.6%)
6% less funds holding
Funds holding: 54 → 51 (-3)
7% less capital invested
Capital invested by funds: $200M → $186M (-$14.4M)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
API
Advisor Partners II
Walnut Creek,
California
|
+$2.6M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$871K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$723K |
| 4 |
Cohen & Steers
New York
|
+$464K |
| 5 |
CPRC
Consolidated Portfolio Review Corp
Woodbury,
New York
|
+$455K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$6.46M |
| 2 |
SCM
Saba Capital Management
New York
|
-$5.25M |
| 3 |
Franklin Resources
San Mateo,
California
|
-$3.41M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$831K |
| 5 |
Morgan Stanley
New York
|
-$810K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IA
51
IFP Advisors
Tampa,
Florida
| $7.94K | – | – | – |
|
52
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $4K | – | – | – |
|
|
FM
53
Family Management
New York
| – | -$330K | -24,508 | Closed |
|
|
ACIM
54
Azimuth Capital Investment Management
Bloomfield Hills,
Michigan
| – | -$152K | -11,250 | Closed |
|
55
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$151K | -11,193 | Closed |
|
|
FFA
56
First Foundation Advisors
Irvine,
California
| – | -$138K | -10,267 | Closed |
|
57
Citigroup
New York
| – | -$33.7K | -2,500 | Closed |
|
|
GWS
58
Glassman Wealth Services
Vienna,
Virginia
| – | -$3.6K | -267 | Closed |
|
|
EWA
59
EverSource Wealth Advisors
Birmingham,
Alabama
| – | -$1.59K | -118 | Closed |
|
WDI Hedge Fund Activity: Q3 2023 in Review
51 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Western Asset Diversified Income Fund (WDI) for Q3 2023, worth a combined $186M — down 7.2% from $200M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of WDI and 4 opened new positions — a net loss of 3 holders — while 15 trimmed existing stakes and 20 added.
The largest buyer was Advisor Partners II, opening a new position worth an estimated $2.6M. The largest seller was Rivernorth Capital Management, cutting an estimated $6.46M.
- 51 institutional investors held Western Asset Diversified Income Fund (WDI) as of Q3 2023, down from 54 in Q2 2023.
- Funds reported $186M of Western Asset Diversified Income Fund stock for Q3 2023, down 7.2% quarter-over-quarter.
- 4 funds opened new Western Asset Diversified Income Fund positions in Q3 2023 and 7 closed out, a net change of -3 holders.
- The largest Western Asset Diversified Income Fund buyer in Q3 2023 was Advisor Partners II, an estimated $2.6M added.
- The largest Western Asset Diversified Income Fund seller in Q3 2023 was Rivernorth Capital Management, an estimated $6.46M sold.
Based on aggregated 13F filings for Q3 2023.