Western Asset Global High Income Fund
EHI
62 hedge funds and large institutions have $133M invested in Western Asset Global High Income Fund in 2020 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 15 increasing their positions, 23 reducing their positions, and 5 closing their positions.
160% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 5
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
11% more funds holding
Funds holding: 56 → 62 (+6)
1.74% less ownership
Funds ownership: 42.04% → 40.3% (-1.7%)
28% less capital invested
Capital invested by funds: $186M → $133M (-$52.8M)
35% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$9.49M |
| 2 |
SCM
Saba Capital Management
New York
|
+$4.93M |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
+$658K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$346K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$290K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$11.9M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$4.69M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$3.24M |
| 4 |
Citigroup
New York
|
-$830K |
| 5 |
Morgan Stanley
New York
|
-$711K |
EHI Hedge Fund Activity: Q1 2020 in Review
62 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global High Income Fund (EHI) for Q1 2020, worth a combined $133M — down 28% from $186M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new EHI positions and 5 closed out — a net gain of 8 holders — while 15 added to existing stakes and 23 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $9.49M. The largest seller was Sit Investment Associates, cutting an estimated $11.9M.
- 62 institutional investors held Western Asset Global High Income Fund (EHI) as of Q1 2020, up from 56 in Q4 2019.
- Funds reported $133M of Western Asset Global High Income Fund stock for Q1 2020, down 28% quarter-over-quarter.
- 13 funds opened new Western Asset Global High Income Fund positions in Q1 2020 and 5 closed out, a net change of +8 holders.
- The largest Western Asset Global High Income Fund buyer in Q1 2020 was Rivernorth Capital Management, an estimated $9.49M added.
- The largest Western Asset Global High Income Fund seller in Q1 2020 was Sit Investment Associates, an estimated $11.9M sold.
Based on aggregated 13F filings for Q1 2020.