Western Asset High Income Opportunity Fund
HIO
63 hedge funds and large institutions have $94M invested in Western Asset High Income Opportunity Fund in 2014 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 17 increasing their positions, 20 reducing their positions, and 9 closing their positions.
12% more capital invested
Capital invested by funds: $83.9M → $94M (+$10.2M)
1.67% more ownership
Funds ownership: 16.9% → 18.57% (+1.7%)
3% less funds holding
Funds holding: 65 → 63 (-2)
15% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 20
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$11.2M |
| 2 |
CC
Carlson Capital
Dallas,
Texas
|
+$2M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.38M |
| 4 |
SG Americas Securities
New York
|
+$898K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$801K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
-$2.88M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$2.73M |
| 3 |
Morgan Stanley
New York
|
-$2.62M |
| 4 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$315K |
| 5 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$306K |
HIO Hedge Fund Activity: Q1 2014 in Review
63 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q1 2014, worth a combined $94M — up 12% from $83.9M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of HIO and 7 opened new positions — a net loss of 2 holders — while 20 trimmed existing stakes and 17 added.
The largest buyer was Saba Capital Management, adding an estimated $11.2M. The largest seller was UBS, cutting an estimated $2.88M.
- 63 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q1 2014, down from 65 in Q4 2013.
- Funds reported $94M of Western Asset High Income Opportunity Fund stock for Q1 2014, up 12% quarter-over-quarter.
- 7 funds opened new Western Asset High Income Opportunity Fund positions in Q1 2014 and 9 closed out, a net change of -2 holders.
- The largest Western Asset High Income Opportunity Fund buyer in Q1 2014 was Saba Capital Management, an estimated $11.2M added.
- The largest Western Asset High Income Opportunity Fund seller in Q1 2014 was UBS, an estimated $2.88M sold.
Based on aggregated 13F filings for Q1 2014.