Western Asset High Income Opportunity Fund
HIO
112 hedge funds and large institutions have $121M invested in Western Asset High Income Opportunity Fund in 2026 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 35 increasing their positions, 31 reducing their positions, and 15 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 31
3% more capital invested
Capital invested by funds: $118M → $121M (+$3.2M)
0.82% more ownership
Funds ownership: 34.06% → 34.88% (+0.82%)
6% less funds holding
Funds holding: 119 → 112 (-7)
40% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.41M |
| 2 |
LPL Financial
San Diego,
California
|
+$794K |
| 3 |
RC
Rareview Capital
Las Vegas,
Nevada
|
+$773K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$769K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$472K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$763K |
| 2 |
QL
Quarry LP
New York
|
-$474K |
| 3 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
-$353K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$338K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$264K |
HIO Hedge Fund Activity: Q2 2026 in Review
112 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q2 2026, worth a combined $121M — up 2.7% from $118M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of HIO and 9 opened new positions — a net loss of 6 holders — while 31 trimmed existing stakes and 35 added.
The largest buyer was Morgan Stanley, adding an estimated $1.41M. The largest seller was Capital Investment Advisors, cutting an estimated $763K.
- 112 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q2 2026, down from 119 in Q1 2026.
- Funds reported $121M of Western Asset High Income Opportunity Fund stock for Q2 2026, up 2.7% quarter-over-quarter.
- 9 funds opened new Western Asset High Income Opportunity Fund positions in Q2 2026 and 15 closed out, a net change of -6 holders.
- The largest Western Asset High Income Opportunity Fund buyer in Q2 2026 was Morgan Stanley, an estimated $1.41M added.
- The largest Western Asset High Income Opportunity Fund seller in Q2 2026 was Capital Investment Advisors, an estimated $763K sold.
Based on aggregated 13F filings for Q2 2026.