Western Asset High Income Opportunity Fund
HIO
74 hedge funds and large institutions have $104M invested in Western Asset High Income Opportunity Fund in 2016 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 13 increasing their positions, 23 reducing their positions, and 15 closing their positions.
3.25% less ownership
Funds ownership: 29.66% → 26.41% (-3.2%)
6% less funds holding
Funds holding: 79 → 74 (-5)
11% less capital invested
Capital invested by funds: $116M → $104M (-$12.7M)
27% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 15
43% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 23
Top Buyers
| 1 |
LCM
Laurion Capital Management
New York
|
+$5.17M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$2.96M |
| 3 |
LPL Financial
San Diego,
California
|
+$2.29M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$995K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$576K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MIG
76
Mariner Investment Group
Harrison,
New York
| – | -$1.04M | -222,094 | Closed |
|
|
WAM
77
Weiss Asset Management
Boston,
Massachusetts
| – | -$523K | -111,478 | Closed |
|
78
SG Americas Securities
New York
| – | -$438K | -93,463 | Closed |
|
|
EML
79
Eos Management LP
New York
| – | -$370K | -78,941 | Closed |
|
|
IA
80
IFP Advisors
Tampa,
Florida
| – | -$170K | -36,191 | Closed |
|
|
BEAM
81
Baker Ellis Asset Management
Vancouver,
Washington
| – | -$127K | -27,000 | Closed |
|
|
MC
82
Matisse Capital
Portland,
Oregon
| – | -$103K | -21,900 | Closed |
|
|
PFS
83
Prospera Financial Services
Dallas,
Texas
| – | -$92K | -19,638 | Closed |
|
|
SFM
84
Signet Financial Management
Parsippany,
New Jersey
| – | -$73K | -15,602 | Closed |
|
85
Bank of New York Mellon
New York
| – | -$50K | -10,701 | Closed |
|
|
RFA
86
Reilly Financial Advisors
La Mesa,
California
| – | -$21K | -4,500 | Closed |
|
|
TFA
87
Transamerica Financial Advisors
St. Petersburg,
Florida
| – | -$8K | -1,500 | Closed |
|
|
AIA
88
Allegis Investment Advisors
Idaho Falls,
Idaho
| – | -$4K | -845 | Closed |
|
HIO Hedge Fund Activity: Q1 2016 in Review
74 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q1 2016, worth a combined $104M — down 11% from $116M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of HIO and 11 opened new positions — a net loss of 4 holders — while 23 trimmed existing stakes and 13 added.
The largest buyer was Laurion Capital Management, opening a new position worth an estimated $5.17M. The largest seller was Saba Capital Management, cutting an estimated $14M.
- 74 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q1 2016, down from 79 in Q4 2015.
- Funds reported $104M of Western Asset High Income Opportunity Fund stock for Q1 2016, down 11% quarter-over-quarter.
- 11 funds opened new Western Asset High Income Opportunity Fund positions in Q1 2016 and 15 closed out, a net change of -4 holders.
- The largest Western Asset High Income Opportunity Fund buyer in Q1 2016 was Laurion Capital Management, an estimated $5.17M added.
- The largest Western Asset High Income Opportunity Fund seller in Q1 2016 was Saba Capital Management, an estimated $14M sold.
Based on aggregated 13F filings for Q1 2016.