Western Asset High Income Opportunity Fund
HIO
80 hedge funds and large institutions have $257M invested in Western Asset High Income Opportunity Fund in 2019 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 23 increasing their positions, 20 reducing their positions, and 10 closing their positions.
15% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 20
0.47% less ownership
Funds ownership: 49.33% → 48.86% (-0.47%)
1% less capital invested
Capital invested by funds: $260M → $257M (-$2.52M)
6% less funds holding
Funds holding: 85 → 80 (-5)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
50% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.72M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
+$779K |
| 3 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$517K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$514K |
| 5 |
Morgan Stanley
New York
|
+$445K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.26M |
| 2 |
GG
Gofen & Glossberg
Chicago,
Illinois
|
-$1.23M |
| 3 |
WS
Wela Strategies
Atlanta,
Georgia
|
-$917K |
| 4 |
BI
Bramshill Investments
Naples,
Florida
|
-$865K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$567K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ASN
76
Advisory Services Network
Atlanta,
Georgia
| $2K | – | – | – |
|
|
GG
77
Gofen & Glossberg
Chicago,
Illinois
| – | -$1.23M | -240,245 | Closed |
|
|
WS
78
Wela Strategies
Atlanta,
Georgia
| – | -$917K | -178,769 | Closed |
|
|
LCM
79
Landscape Capital Management
Englewood,
New Jersey
| – | -$485K | -94,500 | Closed |
|
|
VIP
80
Vantage Investment Partners
Kansas City,
Missouri
| – | -$125K | -24,279 | Closed |
|
81
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$76K | -14,994 | Closed |
|
|
SS
82
Simplicity Solutions
Minneapolis,
Minnesota
| – | -$59K | -11,487 | Closed |
|
|
CWA
83
Clarus Wealth Advisors
Peoria,
Arizona
| – | -$37K | -7,149 | Closed |
|
|
SFG
84
SevenBridge Financial Group
Harrisburg,
Pennsylvania
| – | -$26K | -5,039 | Closed |
|
|
RIA
85
Realta Investment Advisors
Wilmington,
Delaware
| – | -$7K | -1,460 | Closed |
|
|
EWM
86
Executive Wealth Management
Brighton,
Michigan
| – | -$4K | -753 | Closed |
|
|
SFS
87
Sowell Financial Services
North Little Rock,
Arkansas
| – | +$258 | +51 | New |
|
HIO Hedge Fund Activity: Q3 2019 in Review
80 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q3 2019, worth a combined $257M — down 0.97% from $260M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of HIO and 5 opened new positions — a net loss of 5 holders — while 20 trimmed existing stakes and 23 added.
The largest buyer was Sit Investment Associates, adding an estimated $3.72M. The largest seller was Parametric Portfolio Associates, cutting an estimated $1.26M.
- 80 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q3 2019, down from 85 in Q2 2019.
- Funds reported $257M of Western Asset High Income Opportunity Fund stock for Q3 2019, down 0.97% quarter-over-quarter.
- 5 funds opened new Western Asset High Income Opportunity Fund positions in Q3 2019 and 10 closed out, a net change of -5 holders.
- The largest Western Asset High Income Opportunity Fund buyer in Q3 2019 was Sit Investment Associates, an estimated $3.72M added.
- The largest Western Asset High Income Opportunity Fund seller in Q3 2019 was Parametric Portfolio Associates, an estimated $1.26M sold.
Based on aggregated 13F filings for Q3 2019.