Western Asset High Income Opportunity Fund
HIO
107 hedge funds and large institutions have $157M invested in Western Asset High Income Opportunity Fund in 2023 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 37 increasing their positions, 28 reducing their positions, and 20 closing their positions.
32% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 28
17% more capital invested
Capital invested by funds: $135M → $157M (+$22.4M)
3.89% more ownership
Funds ownership: 38.88% → 42.77% (+3.9%)
5% less funds holding
Funds holding: 113 → 107 (-6)
25% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 20
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$11.6M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.72M |
| 3 |
ICM
Ionic Capital Management
New York
|
+$2.32M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.15M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$548K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bramshill Investments
Naples,
Florida
|
-$4.56M |
| 2 |
ECM
Evergreen Capital Management
Bellevue,
Washington
|
-$2.01M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.71M |
| 4 |
RA
RFG Advisory
Birmingham,
Alabama
|
-$727K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$310K |
HIO Hedge Fund Activity: Q4 2023 in Review
107 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q4 2023, worth a combined $157M — up 17% from $135M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of HIO and 15 opened new positions — a net loss of 5 holders — while 28 trimmed existing stakes and 37 added.
The largest buyer was Morgan Stanley, adding an estimated $11.6M. The largest seller was Bramshill Investments, cutting an estimated $4.56M.
- 107 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q4 2023, down from 113 in Q3 2023.
- Funds reported $157M of Western Asset High Income Opportunity Fund stock for Q4 2023, up 17% quarter-over-quarter.
- 15 funds opened new Western Asset High Income Opportunity Fund positions in Q4 2023 and 20 closed out, a net change of -5 holders.
- The largest Western Asset High Income Opportunity Fund buyer in Q4 2023 was Morgan Stanley, an estimated $11.6M added.
- The largest Western Asset High Income Opportunity Fund seller in Q4 2023 was Bramshill Investments, an estimated $4.56M sold.
Based on aggregated 13F filings for Q4 2023.