Western Asset High Income Opportunity Fund
HIO
97 hedge funds and large institutions have $325M invested in Western Asset High Income Opportunity Fund in 2019 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 28 increasing their positions, 23 reducing their positions, and 4 closing their positions.
425% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 4
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
26% more capital invested
Capital invested by funds: $257M → $325M (+$67.6M)
22% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 23
21% more funds holding
Funds holding: 80 → 97 (+17)
1.06% more ownership
Funds ownership: 48.86% → 49.92% (+1.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$10.5M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
+$4.53M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.14M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$2.01M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$1.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$12.9M |
| 2 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
-$6.44M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$6.32M |
| 4 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$3.13M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$847K |
HIO Hedge Fund Activity: Q4 2019 in Review
97 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q4 2019, worth a combined $325M — up 26% from $257M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new HIO positions and 4 closed out — a net gain of 17 holders — while 28 added to existing stakes and 23 trimmed.
The largest buyer was Penserra Capital Management, opening a new position worth an estimated $10.5M. The largest seller was Rivernorth Capital Management, cutting an estimated $12.9M.
- 97 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q4 2019, up from 80 in Q3 2019.
- Funds reported $325M of Western Asset High Income Opportunity Fund stock for Q4 2019, up 26% quarter-over-quarter.
- 21 funds opened new Western Asset High Income Opportunity Fund positions in Q4 2019 and 4 closed out, a net change of +17 holders.
- The largest Western Asset High Income Opportunity Fund buyer in Q4 2019 was Penserra Capital Management, an estimated $10.5M added.
- The largest Western Asset High Income Opportunity Fund seller in Q4 2019 was Rivernorth Capital Management, an estimated $12.9M sold.
Based on aggregated 13F filings for Q4 2019.