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EHI

Western Asset Global High Income Fund
EHI

37 hedge funds and large institutions have $72.2M invested in Western Asset Global High Income Fund in 2013 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 11 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 11

3% more capital invested

Capital invested by funds: $70M → $72.2M (+$2.2M)

0.41% more ownership

Funds ownership: 18.43% → 18.83% (+0.41%)

5% less funds holding

Funds holding: 39 → 37 (-2)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

Holders
37
Holders Change
-2
Holders Change %
-5.13%
% of All Funds
1.2%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
16
Reduced
11
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$4.73M
2
PPA
Parametric Portfolio Associates
Washington
+$1.15M
3
RCM
Rivernorth Capital Management
Florida
+$809K
4
Bank of America
Bank of America
North Carolina
+$370K
5
Goldman Sachs
Goldman Sachs
New York
+$361K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$2.16M
2
TC
TFS Capital
Pennsylvania
-$1.28M
3
Morgan Stanley
Morgan Stanley
New York
-$747K
4
Invesco
Invesco
Georgia
-$555K
5
Citigroup
Citigroup
New York
-$469K
Name Holding Trade Value Shares
Change 		Change in
Stake
US Bancorp
26
US Bancorp
Minnesota
$171K +$118K +9,861 +247%
Janney Montgomery Scott
27
Janney Montgomery Scott
Pennsylvania
$169K +$163K +13,670 New
Creative Planning
28
Creative Planning
Kansas
$158K +$129K +10,800 +538%
LTFS
29
Ladenburg Thalmann Financial Services
Florida
$89K – – –
PFO
30
Pathstone Family Office
New Jersey
$39K +$35.5K +2,971 New
MFS
31
MSI Financial Services
Massachusetts
$34K +$84 +7 +0.3%
Royal Bank of Canada
32
Royal Bank of Canada
Ontario, Canada
$34K +$1.82K +152 +6%
NES
33
New England Securities
New York
$22K – – –
PNC Financial Services Group
34
PNC Financial Services Group
Pennsylvania
$21K – – –
Bank of Montreal
35
Bank of Montreal
Ontario, Canada
$12K – – –
WA
36
WFG Advisors
Texas
$4K – – –
AIG
37
American International Group
New York
$1.81K – – –
TC
38
TFS Capital
Pennsylvania
– -$1.28M -104,760 Closed
RJFSA
39
Raymond James Financial Services Advisors
Florida
– -$293K -23,963 Closed
SNC
40
Stifel Nicolaus & Co
Missouri
– -$261K -21,354 Closed
SFS
41
Shaker Financial Services
Virginia
– -$159K -13,000 Closed
TRCT
42
Tower Research Capital (TRC)
New York
– -$30K -2,483 Closed
WC
43
Whitnell & Co
Illinois
– -$1K -105 Closed
1
2

EHI Hedge Fund Activity: Q3 2013 in Review

37 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global High Income Fund (EHI) for Q3 2013, worth a combined $72.2M — up 3.1% from $70M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of EHI and 4 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 16 added.

The largest buyer was Saba Capital Management, opening a new position worth an estimated $4.73M. The largest seller was Guggenheim Capital, cutting an estimated $2.16M.

  • 37 institutional investors held Western Asset Global High Income Fund (EHI) as of Q3 2013, down from 39 in Q2 2013.
  • Funds reported $72.2M of Western Asset Global High Income Fund stock for Q3 2013, up 3.1% quarter-over-quarter.
  • 4 funds opened new Western Asset Global High Income Fund positions in Q3 2013 and 6 closed out, a net change of -2 holders.
  • The largest Western Asset Global High Income Fund buyer in Q3 2013 was Saba Capital Management, an estimated $4.73M added.
  • The largest Western Asset Global High Income Fund seller in Q3 2013 was Guggenheim Capital, an estimated $2.16M sold.

Based on aggregated 13F filings for Q3 2013.