Western Asset High Income Opportunity Fund
HIO
92 hedge funds and large institutions have $291M invested in Western Asset High Income Opportunity Fund in 2019 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 31 increasing their positions, 25 reducing their positions, and 22 closing their positions.
24% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 25
16% more capital invested
Capital invested by funds: $251M → $291M (+$39.4M)
2.64% more ownership
Funds ownership: 44.36% → 46.99% (+2.6%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
15% less funds holding
Funds holding: 108 → 92 (-16)
68% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$6.14M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
+$5.48M |
| 3 |
SCM
Saba Capital Management
New York
|
+$5.36M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.79M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$2.48M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.91M |
| 3 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$1.63M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.27M |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$727K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FPCP
101
Fort Point Capital Partners
San Francisco,
California
| – | -$75K | -17,175 | Closed |
|
|
FIM
102
Freedom Investment Management
Hartford,
Connecticut
| – | -$57K | -13,002 | Closed |
|
103
Jane Street
New York
| – | -$49K | -11,263 | Closed |
|
|
FNC
104
First National Corp
Rockland,
Massachusetts
| – | -$44K | -9,933 | Closed |
|
|
MOS
105
MGO One Seven
Beachwood,
Ohio
| – | -$36K | -8,339 | Closed |
|
|
WAM
106
Wolverine Asset Management
Chicago,
Illinois
| – | -$34K | -7,856 | Closed |
|
|
TRCT
107
Tower Research Capital (TRC)
New York
| – | -$13K | -3,082 | Closed |
|
|
CIAS
108
Capital Investment Advisory Services
Raleigh,
North Carolina
| – | -$1K | -200 | Closed |
|
|
FGAM
109
Financial Gravity Asset Management
Lakeway,
Texas
| – | +$461 | +97 | New |
|
HIO Hedge Fund Activity: Q1 2019 in Review
92 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q1 2019, worth a combined $291M — up 16% from $251M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of HIO and 7 opened new positions — a net loss of 15 holders — while 25 trimmed existing stakes and 31 added.
The largest buyer was Eaton Vance Management, adding an estimated $6.14M. The largest seller was BlackRock, exiting entirely with an estimated $2.48M sold.
- 92 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q1 2019, down from 108 in Q4 2018.
- Funds reported $291M of Western Asset High Income Opportunity Fund stock for Q1 2019, up 16% quarter-over-quarter.
- 7 funds opened new Western Asset High Income Opportunity Fund positions in Q1 2019 and 22 closed out, a net change of -15 holders.
- The largest Western Asset High Income Opportunity Fund buyer in Q1 2019 was Eaton Vance Management, an estimated $6.14M added.
- The largest Western Asset High Income Opportunity Fund seller in Q1 2019 was BlackRock, an estimated $2.48M sold.
Based on aggregated 13F filings for Q1 2019.