Western Asset High Income Opportunity Fund
HIO
98 hedge funds and large institutions have $238M invested in Western Asset High Income Opportunity Fund in 2018 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 36 increasing their positions, 27 reducing their positions, and 13 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 27
8% more capital invested
Capital invested by funds: $220M → $238M (+$17.8M)
4.16% more ownership
Funds ownership: 33.99% → 38.15% (+4.2%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
3% less funds holding
Funds holding: 101 → 98 (-3)
23% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$24.1M |
| 2 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$6.37M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.82M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.47M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$871K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bramshill Investments
Naples,
Florida
|
-$8.12M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.89M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.21M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$767K |
| 5 |
ACM
Alethea Capital Management
Mercer Island,
Washington
|
-$573K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
101
Weiss Asset Management
Boston,
Massachusetts
| – | -$186K | -36,693 | Closed |
|
|
AGM
102
Alpine Global Management
New York
| – | -$105K | -20,753 | Closed |
|
|
N
103
Nuveen
Charlotte,
North Carolina
| – | -$100K | -19,730 | Closed |
|
|
CAN
104
Cetera Advisor Networks
El Segundo,
California
| – | -$94K | -18,614 | Closed |
|
|
HK
105
Horizon Kinetics
New York
| – | -$92K | -18,137 | Closed |
|
|
CWA
106
Clarus Wealth Advisors
Peoria,
Arizona
| – | -$72K | -14,211 | Closed |
|
107
Bank of New York Mellon
New York
| – | -$61K | -12,108 | Closed |
|
|
CA
108
Calton & Associates
Tampa,
Florida
| – | -$50K | -10,105 | Closed |
|
|
TCM
109
Tradewinds Capital Management
Bellingham,
Washington
| – | -$5K | -1,000 | Closed |
|
|
PA
110
Parallel Advisors
San Francisco,
California
| – | -$3K | -652 | Closed |
|
HIO Hedge Fund Activity: Q1 2018 in Review
98 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q1 2018, worth a combined $238M — up 8.1% from $220M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of HIO and 10 opened new positions — a net loss of 3 holders — while 27 trimmed existing stakes and 36 added.
The largest buyer was Saba Capital Management, adding an estimated $24.1M. The largest seller was Bramshill Investments, cutting an estimated $8.12M.
- 98 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q1 2018, down from 101 in Q4 2017.
- Funds reported $238M of Western Asset High Income Opportunity Fund stock for Q1 2018, up 8.1% quarter-over-quarter.
- 10 funds opened new Western Asset High Income Opportunity Fund positions in Q1 2018 and 13 closed out, a net change of -3 holders.
- The largest Western Asset High Income Opportunity Fund buyer in Q1 2018 was Saba Capital Management, an estimated $24.1M added.
- The largest Western Asset High Income Opportunity Fund seller in Q1 2018 was Bramshill Investments, an estimated $8.12M sold.
Based on aggregated 13F filings for Q1 2018.