Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

WESTERN ASSET INVT GRADE OPP (IGI)

25 + Investors. Track Smart Money conviction in IGI. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
→ 0
Streak
1Q —
Buyers last Q
55%

Smart Money Signals — IGI

Based on 25 hedge funds · latest filing: 2026 Q1 · updated quarterly

➡️

No change last quarter

last 6Q
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
🔻

Below peak — only 66% of 3.0Y high

66% of all-time peak
Only 25 funds hold IGI today versus a peak of 38 funds at 2023 Q4 — just 66% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
📉

Outflows — 14% fewer funds vs a year ago

fund count last 6Q
4 fewer hedge funds hold IGI compared to a year ago (-14% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 55% buying

12 buying10 selling
Last quarter: 12 funds bought or added vs 10 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~2 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 3 → 2 → 3 → 2. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

68% of holders stayed for 2+ years

■ 68% conviction (2yr+) ■ 16% medium ■ 16% new
17 out of 25 hedge funds have held IGI for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +21%, value -22%

Value
-22%
Shares
+21%
Last quarter: funds added +21% more shares while total portfolio value only changed -22%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~2 new funds/quarter

4 → 3 → 2 → 3 → 2 new funds/Q
New funds entering each quarter: 3 → 2 → 3 → 2. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 68% of holders stayed 2+ years

■ 68% veterans ■ 16% 1-2yr ■ 16% new
Of 25 current holders: 17 (68%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 33% AUM from major funds

33% from top-100 AUM funds
9 of 25 holders rank in the top 100 by AUM, accounting for 33% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
1.7
out of 10
Low Exit Risk
Exit risk score 1.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — IGI

In 2026 Q1, 12 hedge funds were net buyers of IGI (2 opened a new position, 10 added to an existing one), while 10 reduced or exited (8 trimmed, 2 sold completely) — a 55% buyer ratio, indicating a slight buying edge. 33% of total institutional value in IGI is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: flat (entries and exits balanced). Total institutional holders: 25.

Hedge Fund Ownership: IGI

How many hedge funds hold IGI — quarterly history vs. share price
Quarterly hedge fund ownership of IGI vs. share price

Market Analysis: IGI

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: IGI

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy WESTERN ASSET INVT GRADE OPP (IGI) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much IGI has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 55d ago
IGI
+51.1%
XLF
+5.2%

IGI outperformed XLF by +45.9% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 10d ago
IGI
+0.1%
XLF
+1.6%

Since the filing became public, IGI outperformed XLF by -1.5% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

2 top-rated funds 0 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: IGI
25 + Investors

Track Smart Money conviction in IGI. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 25 25 -
13F Shares 3M 2M 21.14%
Total Value $27M $35M -22.19%
New Positions 2 3 -1
Increased Positions 10 10 -
Closed Positions 2 4 -2
Reduced Positions 8 7 +1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: IGI

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

25 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in IGI. Verified SEC 13F-HR filings.

QUARTER:
Top 25 institutional holders of IGI — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Whipplewood Advisors, LLC 0.51% 61,234 $985K
2 1607 Capital Partners, LLC 0.47% 406,754 $6.5M
3 SIT INVESTMENT ASSOCIATES INC 0.28% 855,799 $14K
4 Karpus Management, Inc. 0.19% 383,342 $6.2M
5 MELFA WEALTH MANAGEMENT, INC. 0.10% 10,424 $168K
6 Hennion & Walsh Asset Management, Inc. 0.02% 33,207 $534K
7 WOLVERINE ASSET MANAGEMENT LLC 0.01% 62,691 $1.0M
8 GUGGENHEIM CAPITAL LLC 0.01% 67,631 $1.1M
9 Olistico Wealth, LLC 0.01% 1,058 $17K
10 Noble Wealth Management PBC 0.01% 1,000 $16K
11 Janney Montgomery Scott LLC 0.00% 30,483 —
12 UBS Group AG 0.00% 296,192 $4.8M
13 AdvisorNet Financial, Inc 0.00% 708 $11K
14 RAYMOND JAMES FINANCIAL INC 0.00% 92,090 $1.5M
15 STIFEL FINANCIAL CORP 0.00% 22,442 $361K
16 WELLS FARGO & COMPANY/MN 0.00% 76,478 $1.2M
17 MORGAN STANLEY 0.00% 112,086 $1.8M
18 JONES FINANCIAL COMPANIES LLLP 0.00% 9,136 $144K
19 AMERIPRISE FINANCIAL INC 0.00% 18,286 $294K
20 Steward Partners Investment Advisory, LLC 0.00% 799 $13K
21 OSAIC HOLDINGS, INC. 0.00% 2,212 $36K
22 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% 22,610 $364K
23 BANK OF AMERICA CORP /DE/ 0.00% 21,605 $348K
24 ROYAL BANK OF CANADA 0.00% 6,213 $100K
25 CITIGROUP INC 0.00% 1 —
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — WESTERN ASSET INVT GRADE OPP (IGI)

What does the Smart Money Trend signal show for IGI?

No change last quarter: The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.

What is the institutional breadth score for IGI?

Slight buying edge — 55% buying: Last quarter: 12 funds bought or added vs 10 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for IGI holders?

Strong quality — 33% AUM from major funds: 9 of 25 holders rank in the top 100 by AUM, accounting for 33% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held IGI?

68% of holders stayed for 2+ years: 17 out of 25 hedge funds have held IGI for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy WESTERN ASSET INVT GRADE OPP (IGI) following the 2026 Q1 hedge fund 13F filings?

As of today, IGI has moved +0.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.6% for the XLF sector ETF — an outperformance of -1.5%. Since the quarter end (March 31, 2026), IGI has gained +51.1% vs +5.2% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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