Western Asset Global High Income Fund
EHI
42 hedge funds and large institutions have $18.8M invested in Western Asset Global High Income Fund in 2020 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 4 increasing their positions, 17 reducing their positions, and 26 closing their positions.
29% less funds holding
Funds holding: 59 → 42 (-17)
40.44% less ownership
Funds ownership: 44.7% → 4.26% (-40%)
62% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 26
76% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 17
90% less capital invested
Capital invested by funds: $190M → $18.8M (-$171M)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$296K |
| 2 |
GRP
Global Retirement Partners
San Rafael,
California
|
+$274K |
| 3 |
Jane Street
New York
|
+$158K |
| 4 |
HF
HRT Financial
New York
|
+$148K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$136K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$86.3M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$53.9M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$7.24M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$6.42M |
| 5 |
Cohen & Steers
New York
|
-$2.97M |
EHI Hedge Fund Activity: Q4 2020 in Review
42 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global High Income Fund (EHI) for Q4 2020, worth a combined $18.8M — down 90% from $190M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of EHI and 10 opened new positions — a net loss of 16 holders — while 17 trimmed existing stakes and 4 added.
The largest buyer was Millennium Management, opening a new position worth an estimated $296K. The largest seller was Saba Capital Management, exiting entirely with an estimated $86.3M sold.
- 42 institutional investors held Western Asset Global High Income Fund (EHI) as of Q4 2020, down from 59 in Q3 2020.
- Funds reported $18.8M of Western Asset Global High Income Fund stock for Q4 2020, down 90% quarter-over-quarter.
- 10 funds opened new Western Asset Global High Income Fund positions in Q4 2020 and 26 closed out, a net change of -16 holders.
- The largest Western Asset Global High Income Fund buyer in Q4 2020 was Millennium Management, an estimated $296K added.
- The largest Western Asset Global High Income Fund seller in Q4 2020 was Saba Capital Management, an estimated $86.3M sold.
Based on aggregated 13F filings for Q4 2020.