Western Asset High Income Opportunity Fund
HIO
93 hedge funds and large institutions have $156M invested in Western Asset High Income Opportunity Fund in 2016 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 28 increasing their positions, 17 reducing their positions, and 7 closing their positions.
129% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 7
65% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 17
14% more capital invested
Capital invested by funds: $136M → $156M (+$19.4M)
9% more funds holding
Funds holding: 85 → 93 (+8)
3.26% more ownership
Funds ownership: 20.87% → 24.12% (+3.3%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$5.18M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.91M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$4.58M |
| 4 |
Millennium Management
New York
|
+$1.98M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$3.06M |
| 2 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$1.06M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$333K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$227K |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$224K |
HIO Hedge Fund Activity: Q4 2016 in Review
93 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q4 2016, worth a combined $156M — up 14% from $136M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new HIO positions and 7 closed out — a net gain of 9 holders — while 28 added to existing stakes and 17 trimmed.
The largest buyer was Westchester Capital Management (New York), adding an estimated $5.18M. The largest seller was Saba Capital Management, cutting an estimated $3.06M.
- 93 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q4 2016, up from 85 in Q3 2016.
- Funds reported $156M of Western Asset High Income Opportunity Fund stock for Q4 2016, up 14% quarter-over-quarter.
- 16 funds opened new Western Asset High Income Opportunity Fund positions in Q4 2016 and 7 closed out, a net change of +9 holders.
- The largest Western Asset High Income Opportunity Fund buyer in Q4 2016 was Westchester Capital Management (New York), an estimated $5.18M added.
- The largest Western Asset High Income Opportunity Fund seller in Q4 2016 was Saba Capital Management, an estimated $3.06M sold.
Based on aggregated 13F filings for Q4 2016.