Western Asset High Income Opportunity Fund
HIO
73 hedge funds and large institutions have $92.9M invested in Western Asset High Income Opportunity Fund in 2016 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 23 increasing their positions, 13 reducing their positions, and 10 closing their positions.
77% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 13
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1% less funds holding
Funds holding: 74 → 73 (-1)
3.58% less ownership
Funds ownership: 26.41% → 22.83% (-3.6%)
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
10% less capital invested
Capital invested by funds: $104M → $92.9M (-$10.7M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$1.79M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.53M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.35M |
| 4 |
VKH
Virtu KCG Holdings
New York
|
+$415K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$321K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$4.2M |
| 2 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$3.54M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$3.4M |
| 4 |
Citigroup
New York
|
-$2.55M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$2.12M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SCM
76
Saba Capital Management
New York
| – | -$387K | -82,431 | Closed |
|
77
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$297K | -63,256 | Closed |
|
|
WAM
78
Wolverine Asset Management
Chicago,
Illinois
| – | -$221K | -47,165 | Closed |
|
|
KSCM
79
Kamunting Street Capital Management
Miami Beach,
Florida
| – | -$161K | -34,352 | Closed |
|
|
AIG
80
American International Group
New York
| – | -$161K | -34,301 | Closed |
|
|
DA
81
Doliver Advisors
Houston,
Texas
| – | -$86K | -18,374 | Closed |
|
|
CCB
82
Cutter & Co Brokerage
Ballwin,
Missouri
| – | -$67K | -14,288 | Closed |
|
|
WT
83
Whittier Trust
South Pasadena,
California
| – | -$5K | -1,040 | Closed |
|
HIO Hedge Fund Activity: Q2 2016 in Review
73 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q2 2016, worth a combined $92.9M — down 10% from $104M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of HIO and 9 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 23 added.
The largest buyer was UBS Group, adding an estimated $1.79M. The largest seller was LPL Financial, cutting an estimated $4.2M.
- 73 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q2 2016, down from 74 in Q1 2016.
- Funds reported $92.9M of Western Asset High Income Opportunity Fund stock for Q2 2016, down 10% quarter-over-quarter.
- 9 funds opened new Western Asset High Income Opportunity Fund positions in Q2 2016 and 10 closed out, a net change of -1 holder.
- The largest Western Asset High Income Opportunity Fund buyer in Q2 2016 was UBS Group, an estimated $1.79M added.
- The largest Western Asset High Income Opportunity Fund seller in Q2 2016 was LPL Financial, an estimated $4.2M sold.
Based on aggregated 13F filings for Q2 2016.