Western Asset High Income Opportunity Fund
HIO
101 hedge funds and large institutions have $180M invested in Western Asset High Income Opportunity Fund in 2020 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 27 increasing their positions, 38 reducing their positions, and 14 closing their positions.
21% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 14
2% more funds holding
Funds holding: 99 → 101 (+2)
21.24% less ownership
Funds ownership: 49.98% → 28.74% (-21%)
29% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 38
43% less capital invested
Capital invested by funds: $313M → $180M (-$133M)
100% less funds holding in top 10
Funds holding in top 10: 3 → 0 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.85M |
| 2 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$974K |
| 3 |
PCM
Penserra Capital Management
Orinda,
California
|
+$853K |
| 4 |
ECM
Evergreen Capital Management
Bellevue,
Washington
|
+$735K |
| 5 |
Walleye Capital
New York
|
+$576K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$53.2M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$20.8M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$13.1M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$12.9M |
| 5 |
BI
Bramshill Investments
Naples,
Florida
|
-$8.51M |
HIO Hedge Fund Activity: Q4 2020 in Review
101 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q4 2020, worth a combined $180M — down 43% from $313M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new HIO positions and 14 closed out — a net gain of 3 holders — while 27 added to existing stakes and 38 trimmed.
The largest buyer was 1607 Capital Partners, opening a new position worth an estimated $1.85M. The largest seller was Saba Capital Management, cutting an estimated $53.2M.
- 101 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q4 2020, up from 99 in Q3 2020.
- Funds reported $180M of Western Asset High Income Opportunity Fund stock for Q4 2020, down 43% quarter-over-quarter.
- 17 funds opened new Western Asset High Income Opportunity Fund positions in Q4 2020 and 14 closed out, a net change of +3 holders.
- The largest Western Asset High Income Opportunity Fund buyer in Q4 2020 was 1607 Capital Partners, an estimated $1.85M added.
- The largest Western Asset High Income Opportunity Fund seller in Q4 2020 was Saba Capital Management, an estimated $53.2M sold.
Based on aggregated 13F filings for Q4 2020.