Western Asset Global High Income Fund
EHI
43 hedge funds and large institutions have $59.5M invested in Western Asset Global High Income Fund in 2016 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 22 reducing their positions, and 11 closing their positions.
3.54% less ownership
Funds ownership: 24.76% → 21.22% (-3.5%)
11% less capital invested
Capital invested by funds: $67.3M → $59.5M (-$7.73M)
17% less funds holding
Funds holding: 52 → 43 (-9)
45% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 22
73% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$2.3M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.18M |
| 3 |
LCM
Laurion Capital Management
New York
|
+$582K |
| 4 |
Cohen & Steers
New York
|
+$283K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$149K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$3.39M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.05M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.18M |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$1.14M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$722K |
EHI Hedge Fund Activity: Q1 2016 in Review
43 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global High Income Fund (EHI) for Q1 2016, worth a combined $59.5M — down 11% from $67.3M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of EHI and 3 opened new positions — a net loss of 8 holders — while 22 trimmed existing stakes and 12 added.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $2.3M. The largest seller was Shaker Financial Services, exiting entirely with an estimated $3.39M sold.
- 43 institutional investors held Western Asset Global High Income Fund (EHI) as of Q1 2016, down from 52 in Q4 2015.
- Funds reported $59.5M of Western Asset Global High Income Fund stock for Q1 2016, down 11% quarter-over-quarter.
- 3 funds opened new Western Asset Global High Income Fund positions in Q1 2016 and 11 closed out, a net change of -8 holders.
- The largest Western Asset Global High Income Fund buyer in Q1 2016 was Saba Capital Management, an estimated $2.3M added.
- The largest Western Asset Global High Income Fund seller in Q1 2016 was Shaker Financial Services, an estimated $3.39M sold.
Based on aggregated 13F filings for Q1 2016.