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WEA

Western Asset Premier Bond Fund
WEA

34 hedge funds and large institutions have $21.8M invested in Western Asset Premier Bond Fund in 2016 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 12 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 12

4.29% less ownership

Funds ownership: 18.09% → 13.8% (-4.3%)

6% less funds holding

Funds holding: 36 → 34 (-2)

18% less capital invested

Capital invested by funds: $26.8M → $21.8M (-$4.96M)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

Holders
34
Holders Change
-2
Holders Change %
-5.56%
% of All Funds
0.91%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
11
Reduced
12
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PMG
ProVise Management Group
Florida
+$669K
2
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$652K
3
Cohen & Steers
Cohen & Steers
New York
+$156K
4
Invesco
Invesco
Georgia
+$154K
5
BFEC
Benjamin F. Edwards & Company
Missouri
+$143K

Top Sellers

1
KIM
Karpus Investment Management
New York
-$4.31M
2
LCM
Laurion Capital Management
New York
-$1.72M
3
SFWA
Summit Financial Wealth Advisors
Louisiana
-$985K
4
RJFSA
Raymond James Financial Services Advisors
Florida
-$493K
5
NPC
National Planning Corporation
California
-$232K
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
26
UBS Group
Switzerland
$81K -$129 -10 -0.2%
PNC Financial Services Group
27
PNC Financial Services Group
Pennsylvania
$62K – – –
VIA
28
Vantage Investment Advisors
Pennsylvania
$39K – – –
LTFS
29
Ladenburg Thalmann Financial Services
Florida
$27K +$12.9K +1,000 +99%
IA
30
IFP Advisors
Florida
$23K +$21.9K +1,700 New
WEC
31
Winslow Evans & Crocker
Massachusetts
$14.6K – – –
NSIM
32
North Star Investment Management
Illinois
$13K +$12.9K +1,000 New
IFA
33
Interactive Financial Advisors
Illinois
$7K – – –
AG
34
Advisor Group
Arizona
$7K +$7.71K +600 New
KIM
35
Karpus Investment Management
New York
– -$4.31M -343,642 Closed
LCM
36
Laurion Capital Management
New York
– -$1.72M -136,777 Closed
SFWA
37
Summit Financial Wealth Advisors
Louisiana
– -$985K -94,956 Closed
NPC
38
National Planning Corporation
California
– -$232K -18,381 Closed
AIG
39
American International Group
New York
– -$8K -600 Closed
TRCT
40
Tower Research Capital (TRC)
New York
– -$3K -222 Closed
1
2

WEA Hedge Fund Activity: Q2 2016 in Review

34 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Western Asset Premier Bond Fund (WEA) for Q2 2016, worth a combined $21.8M — down 18% from $26.8M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of WEA and 4 opened new positions — a net loss of 2 holders — while 12 trimmed existing stakes and 11 added.

The largest buyer was ProVise Management Group, adding an estimated $669K. The largest seller was Karpus Investment Management, exiting entirely with an estimated $4.31M sold.

  • 34 institutional investors held Western Asset Premier Bond Fund (WEA) as of Q2 2016, down from 36 in Q1 2016.
  • Funds reported $21.8M of Western Asset Premier Bond Fund stock for Q2 2016, down 18% quarter-over-quarter.
  • 4 funds opened new Western Asset Premier Bond Fund positions in Q2 2016 and 6 closed out, a net change of -2 holders.
  • The largest Western Asset Premier Bond Fund buyer in Q2 2016 was ProVise Management Group, an estimated $669K added.
  • The largest Western Asset Premier Bond Fund seller in Q2 2016 was Karpus Investment Management, an estimated $4.31M sold.

Based on aggregated 13F filings for Q2 2016.