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HIO

Western Asset High Income Opportunity Fund
HIO

97 hedge funds and large institutions have $101M invested in Western Asset High Income Opportunity Fund in 2025 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 34 increasing their positions, 19 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

79% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 19

3.69% less ownership

Funds ownership: 30.32% → 26.63% (-3.7%)

4% less funds holding

Funds holding: 101 → 97 (-4)

11% less capital invested

Capital invested by funds: $113M → $101M (-$12.6M)

18% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 17

Holders
97
Holders Change
-4
Holders Change %
-3.96%
% of All Funds
1.3%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
34
Reduced
19
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$3.17M
2
KWM
Kanen Wealth Management
Florida
+$1.46M
3
Citadel Advisors
Citadel Advisors
Florida
+$626K
4
VF
Virtu Financial
New York
+$315K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$273K

Top Sellers

Rank Fund Capital Flow
1
Pathstone Holdings
Pathstone Holdings
New Jersey
-$9.68M
2
GC
Guggenheim Capital
Illinois
-$3.64M
3
RC
Rareview Capital
Nevada
-$2.78M
4
PIWA
Prevail Innovative Wealth Advisors
Kansas
-$1.21M
5
SIA
Sit Investment Associates
Minnesota
-$970K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$524K -$19.5K -4,882 -4%
AWS
27
Atria Wealth Solutions
New York
$488K +$60K +15,000 +14%
WS
28
Wela Strategies
Georgia
$478K -$572 -143 -0.1%
Envestnet Asset Management
29
Envestnet Asset Management
Illinois
$431K -$7.01K -1,751 -2%
Osaic Holdings
30
Osaic Holdings
Arizona
$425K +$83.7K +20,917 +24%
SPIA
31
Steward Partners Investment Advisory
New York
$404K +$31.9K +7,962 +9%
VF
32
Virtu Financial
New York
$378K +$315K +78,650 +481%
MWM
33
Melfa Wealth Management
Massachusetts
$314K – – –
OC
34
Oppenheimer & Co
New York
$295K +$23K +5,749 +8%
Truist Financial
35
Truist Financial
North Carolina
$287K – – –
Cetera Investment Advisers
36
Cetera Investment Advisers
Illinois
$287K +$9.89K +2,472 +4%
Susquehanna International Group
37
Susquehanna International Group
Pennsylvania
$272K +$273K +68,219 New
HF
38
HRT Financial
New York
$270K +$272K +67,956 New
NA
39
NewEdge Advisors
Louisiana
$259K -$39.2K -9,800 -13%
NAS
40
NWF Advisory Services
California
$252K +$254K +63,369 New
EAM
41
Everstar Asset Management
North Carolina
$217K – – –
WLPWM
42
Walled Lake Planning & Wealth Management
Illinois
$203K – – –
BCA
43
Bay Colony Advisors
Massachusetts
$169K -$2.25K -561 -1%
GLA
44
Good Life Advisors
Pennsylvania
$166K +$43.5K +10,864 +35%
WBCM
45
Wilson & Boucher Capital Management
California
$151K – – –
CD
46
Chapin Davis
Maryland
$151K – – –
Commonwealth Equity Services
47
Commonwealth Equity Services
Massachusetts
$151K +$72.8K +18,186 +92%
FGA
48
Fortis Group Advisors
New Jersey
$142K – – –
Jane Street
49
Jane Street
New York
$139K +$139K +34,808 New
SWP
50
Stratos Wealth Partners
Ohio
$138K -$46.3K -11,578 -25%
1
2
3 4 5

HIO Hedge Fund Activity: Q1 2025 in Review

97 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q1 2025, worth a combined $101M — down 11% from $113M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of HIO and 14 opened new positions — a net loss of 3 holders — while 19 trimmed existing stakes and 34 added.

The largest buyer was Morgan Stanley, adding an estimated $3.17M. The largest seller was Pathstone Holdings, cutting an estimated $9.68M.

  • 97 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q1 2025, down from 101 in Q4 2024.
  • Funds reported $101M of Western Asset High Income Opportunity Fund stock for Q1 2025, down 11% quarter-over-quarter.
  • 14 funds opened new Western Asset High Income Opportunity Fund positions in Q1 2025 and 17 closed out, a net change of -3 holders.
  • The largest Western Asset High Income Opportunity Fund buyer in Q1 2025 was Morgan Stanley, an estimated $3.17M added.
  • The largest Western Asset High Income Opportunity Fund seller in Q1 2025 was Pathstone Holdings, an estimated $9.68M sold.

Based on aggregated 13F filings for Q1 2025.