Western Asset High Income Opportunity Fund
HIO
65 hedge funds and large institutions have $83.9M invested in Western Asset High Income Opportunity Fund in 2013 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 15 increasing their positions, 21 reducing their positions, and 10 closing their positions.
80% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 10
19% more capital invested
Capital invested by funds: $70.4M → $83.9M (+$13.5M)
14% more funds holding
Funds holding: 57 → 65 (+8)
2.79% more ownership
Funds ownership: 14.12% → 16.9% (+2.8%)
29% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 21
Top Buyers
| 1 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$5.25M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$4.12M |
| 3 |
SCM
Saba Capital Management
New York
|
+$2.31M |
| 4 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$1.47M |
| 5 |
Morgan Stanley
New York
|
+$1.22M |
Top Sellers
HIO Hedge Fund Activity: Q4 2013 in Review
65 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q4 2013, worth a combined $83.9M — up 19% from $70.4M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new HIO positions and 10 closed out — a net gain of 8 holders — while 15 added to existing stakes and 21 trimmed.
The largest buyer was Eaton Vance Management, opening a new position worth an estimated $5.25M. The largest seller was Rivernorth Capital Management, cutting an estimated $1.57M.
- 65 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q4 2013, up from 57 in Q3 2013.
- Funds reported $83.9M of Western Asset High Income Opportunity Fund stock for Q4 2013, up 19% quarter-over-quarter.
- 18 funds opened new Western Asset High Income Opportunity Fund positions in Q4 2013 and 10 closed out, a net change of +8 holders.
- The largest Western Asset High Income Opportunity Fund buyer in Q4 2013 was Eaton Vance Management, an estimated $5.25M added.
- The largest Western Asset High Income Opportunity Fund seller in Q4 2013 was Rivernorth Capital Management, an estimated $1.57M sold.
Based on aggregated 13F filings for Q4 2013.