Western Asset High Income Opportunity Fund
HIO
108 hedge funds and large institutions have $251M invested in Western Asset High Income Opportunity Fund in 2018 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 26 increasing their positions, 37 reducing their positions, and 12 closing their positions.
42% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 12
3% more funds holding
Funds holding: 105 → 108 (+3)
2.81% more ownership
Funds ownership: 41.55% → 44.36% (+2.8%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
2% less capital invested
Capital invested by funds: $257M → $251M (-$6.15M)
30% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 37
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$9.43M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.48M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.37M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.77M |
| 5 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$1.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$3.23M |
| 2 |
Morgan Stanley
New York
|
-$1.86M |
| 3 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$1.83M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.71M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$685K |
HIO Hedge Fund Activity: Q4 2018 in Review
108 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q4 2018, worth a combined $251M — down 2.4% from $257M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new HIO positions and 12 closed out — a net gain of 5 holders — while 26 added to existing stakes and 37 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $9.43M. The largest seller was UBS Group, cutting an estimated $3.23M.
- 108 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q4 2018, up from 105 in Q3 2018.
- Funds reported $251M of Western Asset High Income Opportunity Fund stock for Q4 2018, down 2.4% quarter-over-quarter.
- 17 funds opened new Western Asset High Income Opportunity Fund positions in Q4 2018 and 12 closed out, a net change of +5 holders.
- The largest Western Asset High Income Opportunity Fund buyer in Q4 2018 was Saba Capital Management, an estimated $9.43M added.
- The largest Western Asset High Income Opportunity Fund seller in Q4 2018 was UBS Group, an estimated $3.23M sold.
Based on aggregated 13F filings for Q4 2018.