Western Asset Global High Income Fund
EHI
60 hedge funds and large institutions have $162M invested in Western Asset Global High Income Fund in 2019 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 19 reducing their positions, and 24 closing their positions.
12% more capital invested
Capital invested by funds: $145M → $162M (+$17.7M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.46% less ownership
Funds ownership: 39% → 38.54% (-0.46%)
21% less funds holding
Funds holding: 76 → 60 (-16)
32% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 19
67% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$20.2M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$10.6M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$4.79M |
| 4 |
Millennium Management
New York
|
+$1.61M |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
+$297K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$14.6M |
| 2 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
-$5.91M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$5.04M |
| 4 |
BlackRock
New York
|
-$1.57M |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.53M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MOS
76
MGO One Seven
Beachwood,
Ohio
| – | -$34K | -4,207 | Closed |
|
|
AIC
77
Ameritas Investment Company
Lincoln,
Nebraska
| – | -$21K | -2,511 | Closed |
|
|
IA
78
IFP Advisors
Tampa,
Florida
| – | -$16K | -1,981 | Closed |
|
|
CFA
79
Carroll Financial Associates
Charlotte,
North Carolina
| – | -$7K | -820 | Closed |
|
|
KCM
80
Karp Capital Management
Sausalito,
California
| – | -$6K | -705 | Closed |
|
81
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$5K | -578 | Closed |
|
|
HNB
82
Huntington National Bank
Columbus,
Ohio
| – | -$4K | -455 | Closed |
|
|
AF
83
Advisornet Financial
Minnetonka,
Minnesota
| – | +$462 | +50 | New |
|
EHI Hedge Fund Activity: Q1 2019 in Review
60 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global High Income Fund (EHI) for Q1 2019, worth a combined $162M — up 12% from $145M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of EHI and 8 opened new positions — a net loss of 16 holders — while 19 trimmed existing stakes and 13 added.
The largest buyer was Saba Capital Management, adding an estimated $20.2M. The largest seller was UBS Group, cutting an estimated $14.6M.
- 60 institutional investors held Western Asset Global High Income Fund (EHI) as of Q1 2019, down from 76 in Q4 2018.
- Funds reported $162M of Western Asset Global High Income Fund stock for Q1 2019, up 12% quarter-over-quarter.
- 8 funds opened new Western Asset Global High Income Fund positions in Q1 2019 and 24 closed out, a net change of -16 holders.
- The largest Western Asset Global High Income Fund buyer in Q1 2019 was Saba Capital Management, an estimated $20.2M added.
- The largest Western Asset Global High Income Fund seller in Q1 2019 was UBS Group, an estimated $14.6M sold.
Based on aggregated 13F filings for Q1 2019.