Western Asset High Income Opportunity Fund
HIO
101 hedge funds and large institutions have $220M invested in Western Asset High Income Opportunity Fund in 2017 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 27 increasing their positions, 26 reducing their positions, and 12 closing their positions.
150% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 12
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
22% more funds holding
Funds holding: 83 → 101 (+18)
9% more capital invested
Capital invested by funds: $202M → $220M (+$17.8M)
3.55% more ownership
Funds ownership: 30.44% → 33.99% (+3.6%)
4% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$14.4M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$3.87M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.74M |
| 4 |
BI
Bramshill Investments
Naples,
Florida
|
+$1.23M |
| 5 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
+$919K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$2.7M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.99M |
| 3 |
Morgan Stanley
New York
|
-$1.26M |
| 4 |
KLI
Kelman-Lazarov Inc
Memphis,
Tennessee
|
-$300K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$246K |
HIO Hedge Fund Activity: Q4 2017 in Review
101 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q4 2017, worth a combined $220M — up 8.8% from $202M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new HIO positions and 12 closed out — a net gain of 18 holders — while 27 added to existing stakes and 26 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $14.4M. The largest seller was UBS Group, cutting an estimated $2.7M.
- 101 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q4 2017, up from 83 in Q3 2017.
- Funds reported $220M of Western Asset High Income Opportunity Fund stock for Q4 2017, up 8.8% quarter-over-quarter.
- 30 funds opened new Western Asset High Income Opportunity Fund positions in Q4 2017 and 12 closed out, a net change of +18 holders.
- The largest Western Asset High Income Opportunity Fund buyer in Q4 2017 was Saba Capital Management, an estimated $14.4M added.
- The largest Western Asset High Income Opportunity Fund seller in Q4 2017 was UBS Group, an estimated $2.7M sold.
Based on aggregated 13F filings for Q4 2017.