Western Asset High Income Opportunity Fund
HIO
93 hedge funds and large institutions have $175M invested in Western Asset High Income Opportunity Fund in 2017 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 23 increasing their positions, 30 reducing their positions, and 13 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
12% more capital invested
Capital invested by funds: $156M → $175M (+$19.2M)
2.8% more ownership
Funds ownership: 24.12% → 26.93% (+2.8%)
8% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 13
0% more funds holding
Funds holding: 93 → 93 (0)
23% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 30
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$18.3M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$8.3M |
| 3 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
+$3.26M |
| 4 |
PWPCM
Perella Weinberg Partners Capital Management
New York
|
+$993K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$770K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Carlson Capital
Dallas,
Texas
|
-$3.27M |
| 2 |
CFIC
City Financial Investment Company
London,
United Kingdom
|
-$1.88M |
| 3 |
Millennium Management
New York
|
-$1.63M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.6M |
| 5 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$999K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FAN
101
Financial Advisors Network
Tustin,
California
| – | -$8.21K | -1,600 | Closed |
|
102
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$3K | -600 | Closed |
|
|
MA
103
MUFG Americas
New York
| – | +$194 | +38 | New |
|
HIO Hedge Fund Activity: Q1 2017 in Review
93 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q1 2017, worth a combined $175M — up 12% from $156M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new HIO positions and 13 closed out — a net gain of 1 holder — while 23 added to existing stakes and 30 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $18.3M. The largest seller was Carlson Capital, exiting entirely with an estimated $3.27M sold.
- 93 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q1 2017, unchanged from Q4 2016.
- Funds reported $175M of Western Asset High Income Opportunity Fund stock for Q1 2017, up 12% quarter-over-quarter.
- 14 funds opened new Western Asset High Income Opportunity Fund positions in Q1 2017 and 13 closed out, a net change of +1 holder.
- The largest Western Asset High Income Opportunity Fund buyer in Q1 2017 was Rivernorth Capital Management, an estimated $18.3M added.
- The largest Western Asset High Income Opportunity Fund seller in Q1 2017 was Carlson Capital, an estimated $3.27M sold.
Based on aggregated 13F filings for Q1 2017.