Western Asset High Income Opportunity Fund
HIO
97 hedge funds and large institutions have $246M invested in Western Asset High Income Opportunity Fund in 2018 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 24 increasing their positions, 35 reducing their positions, and 11 closing their positions.
1.35% more ownership
Funds ownership: 38.15% → 39.5% (+1.3%)
9% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 11
4% more capital invested
Capital invested by funds: $238M → $246M (+$8.51M)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
1% less funds holding
Funds holding: 98 → 97 (-1)
31% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 35
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$11.3M |
| 2 |
PHS
Pekin Hardy Strauss
Chicago,
Illinois
|
+$2.99M |
| 3 |
BlackRock
New York
|
+$2.74M |
| 4 |
BI
Bramshill Investments
Naples,
Florida
|
+$1.94M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$594K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$6.22M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.36M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$886K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$608K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$519K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RMDI
101
R.M. Davis Inc
Portland,
Maine
| – | -$65K | -13,419 | Closed |
|
|
SCM
102
Southport Capital Management
Chattanooga,
Tennessee
| – | -$63K | -13,200 | Closed |
|
|
DWM
103
Dynasty Wealth Management
St. Petersburg,
Florida
| – | -$60K | -12,469 | Closed |
|
|
ASN
104
Advisory Services Network
Atlanta,
Georgia
| – | -$10K | -2,016 | Closed |
|
|
IWM
105
IHT Wealth Management
Chicago,
Illinois
| – | -$2K | -482 | Closed |
|
106
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$1K | -200 | Closed |
|
HIO Hedge Fund Activity: Q2 2018 in Review
97 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q2 2018, worth a combined $246M — up 3.6% from $238M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new HIO positions and 11 closed out — a net gain of 1 holder — while 24 added to existing stakes and 35 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $11.3M. The largest seller was Eaton Vance Management, cutting an estimated $6.22M.
- 97 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q2 2018, down from 98 in Q1 2018.
- Funds reported $246M of Western Asset High Income Opportunity Fund stock for Q2 2018, up 3.6% quarter-over-quarter.
- 12 funds opened new Western Asset High Income Opportunity Fund positions in Q2 2018 and 11 closed out, a net change of +1 holder.
- The largest Western Asset High Income Opportunity Fund buyer in Q2 2018 was Saba Capital Management, an estimated $11.3M added.
- The largest Western Asset High Income Opportunity Fund seller in Q2 2018 was Eaton Vance Management, an estimated $6.22M sold.
Based on aggregated 13F filings for Q2 2018.