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HIO

Western Asset High Income Opportunity Fund
HIO

79 hedge funds and large institutions have $116M invested in Western Asset High Income Opportunity Fund in 2015 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 18 increasing their positions, 16 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 4

23% more funds holding

Funds holding: 64 → 79 (+15)

14% more capital invested

Capital invested by funds: $102M → $116M (+$14.1M)

13% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 16

3.7% more ownership

Funds ownership: 25.96% → 29.66% (+3.7%)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
79
Holders Change
+15
Holders Change %
+23.44%
% of All Funds
2.07%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
20
Increased
18
Reduced
16
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
EVM
Eaton Vance Management
Massachusetts
+$5.65M
2
FC
FCA Corp
Texas
+$3.53M
3
PPA
Parametric Portfolio Associates
Washington
+$2.06M
4
LPL Financial
LPL Financial
California
+$1.77M
5
KIG
Kovitz Investment Group
Illinois
+$1.14M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$3.51M
2
SCM
Saba Capital Management
New York
-$1.57M
3
COLIM
City of London Investment Management
United Kingdom
-$669K
4
RCM
Rivernorth Capital Management
Florida
-$577K
5
GC
Guggenheim Capital
Illinois
-$569K
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
26
Guggenheim Capital
Illinois
$659K -$569K -121,221 -46%
ACM
27
Alethea Capital Management
Washington
$567K -$45.1K -9,611 -7%
WAM
28
Weiss Asset Management
Massachusetts
$523K +$523K +111,478 New
WCMNY
29
Westchester Capital Management (New York)
New York
$500K – – –
SG Americas Securities
30
SG Americas Securities
New York
$438K +$438K +93,463 New
RJA
31
Raymond James & Associates
Florida
$431K +$211K +44,964 +96%
EWM
32
Edge Wealth Management
New York
$400K +$402K +85,650 New
HK
33
Horizon Kinetics
New York
$371K -$75K -16,000 -17%
EML
34
Eos Management LP
New York
$370K +$370K +78,941 New
AWMS
35
Advocacy Wealth Management Services
Georgia
$283K +$284K +60,499 New
MCM
36
Maryland Capital Management
Maryland
$281K – – –
Janney Montgomery Scott
37
Janney Montgomery Scott
Pennsylvania
$278K -$49.7K -10,589 -15%
OA
38
Oxbow Advisors
Texas
$277K +$15.5K +3,300 +6%
LTFS
39
Ladenburg Thalmann Financial Services
Florida
$262K +$29.1K +6,196 +12%
Royal Bank of Canada
40
Royal Bank of Canada
Ontario, Canada
$243K +$80.4K +17,137 +49%
Barclays
41
Barclays
United Kingdom
$200K +$235K +50,000 New
IA
42
IFP Advisors
Florida
$170K +$170K +36,191 New
AIG
43
American International Group
New York
$161K -$3.23K -688 -2%
KSCM
44
Kamunting Street Capital Management
Florida
$161K – – –
GHAM
45
Gilman Hill Asset Management
Connecticut
$153K – – –
SGCA
46
Steel Grove Capital Advisors
Tennessee
$135K – – –
BEAM
47
Baker Ellis Asset Management
Washington
$127K +$46.9K +10,000 +59%
WA
48
WFG Advisors
Texas
$119K +$1.82K +388 +2%
CSIC
49
Clifford Swan Investment Counsel
California
$114K – – –
CIA
50
Capital Investment Advisors
Georgia
$107K – – –
1
2
3 4

HIO Hedge Fund Activity: Q4 2015 in Review

79 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q4 2015, worth a combined $116M — up 14% from $102M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new HIO positions and 4 closed out — a net gain of 16 holders — while 18 added to existing stakes and 16 trimmed.

The largest buyer was Eaton Vance Management, adding an estimated $5.65M. The largest seller was Morgan Stanley, cutting an estimated $3.51M.

  • 79 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q4 2015, up from 64 in Q3 2015.
  • Funds reported $116M of Western Asset High Income Opportunity Fund stock for Q4 2015, up 14% quarter-over-quarter.
  • 20 funds opened new Western Asset High Income Opportunity Fund positions in Q4 2015 and 4 closed out, a net change of +16 holders.
  • The largest Western Asset High Income Opportunity Fund buyer in Q4 2015 was Eaton Vance Management, an estimated $5.65M added.
  • The largest Western Asset High Income Opportunity Fund seller in Q4 2015 was Morgan Stanley, an estimated $3.51M sold.

Based on aggregated 13F filings for Q4 2015.