Western Asset Global High Income Fund
EHI
76 hedge funds and large institutions have $145M invested in Western Asset Global High Income Fund in 2018 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 21 increasing their positions, 25 reducing their positions, and 10 closing their positions.
30% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 10
5.48% more ownership
Funds ownership: 33.52% → 39% (+5.5%)
4% more funds holding
Funds holding: 73 → 76 (+3)
3% more capital invested
Capital invested by funds: $140M → $145M (+$4.51M)
16% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$18.6M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.33M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$3.06M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$814K |
| 5 |
WAMC
Western Asset Management Company
Pasadena,
California
|
+$493K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$3.5M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$2.14M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$2.09M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.16M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$1.14M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CWM
76
Cornerstone Wealth Management
St. Peters,
Missouri
| – | -$3.5M | -36,190 | Closed |
|
|
PAS
77
Park Avenue Securities
New York
| – | -$273K | -29,794 | Closed |
|
78
Envestnet Asset Management
Chicago,
Illinois
| – | -$212K | -23,290 | Closed |
|
|
DA
79
Doliver Advisors
Houston,
Texas
| – | -$192K | -21,049 | Closed |
|
|
TSS
80
Two Sigma Securities
New York
| – | -$108K | -11,891 | Closed |
|
|
OC
81
Oppenheimer & Co
New York
| – | -$92K | -10,127 | Closed |
|
|
TPWA
82
TRUE Private Wealth Advisors
Salem,
Oregon
| – | -$61.1K | -6,707 | Closed |
|
|
SPIA
83
Steward Partners Investment Advisory
New York
| – | -$31K | -3,391 | Closed |
|
|
BC
84
Bartlett & Co
Cincinnati,
Ohio
| – | -$26K | -2,980 | -100% |
|
EHI Hedge Fund Activity: Q4 2018 in Review
76 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global High Income Fund (EHI) for Q4 2018, worth a combined $145M — up 3.2% from $140M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new EHI positions and 10 closed out — a net gain of 3 holders — while 21 added to existing stakes and 25 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $18.6M. The largest seller was Cornerstone Wealth Management, exiting entirely with an estimated $3.5M sold.
- 76 institutional investors held Western Asset Global High Income Fund (EHI) as of Q4 2018, up from 73 in Q3 2018.
- Funds reported $145M of Western Asset Global High Income Fund stock for Q4 2018, up 3.2% quarter-over-quarter.
- 13 funds opened new Western Asset Global High Income Fund positions in Q4 2018 and 10 closed out, a net change of +3 holders.
- The largest Western Asset Global High Income Fund buyer in Q4 2018 was Saba Capital Management, an estimated $18.6M added.
- The largest Western Asset Global High Income Fund seller in Q4 2018 was Cornerstone Wealth Management, an estimated $3.5M sold.
Based on aggregated 13F filings for Q4 2018.