Western Asset High Income Opportunity Fund
HIO
93 hedge funds and large institutions have $252M invested in Western Asset High Income Opportunity Fund in 2020 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 31 increasing their positions, 29 reducing their positions, and 19 closing their positions.
7% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 29
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
3.48% less ownership
Funds ownership: 49.92% → 46.45% (-3.5%)
4% less funds holding
Funds holding: 97 → 93 (-4)
11% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 19
22% less capital invested
Capital invested by funds: $325M → $252M (-$73M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bramshill Investments
Naples,
Florida
|
+$10.5M |
| 2 |
Morgan Stanley
New York
|
+$5.71M |
| 3 |
JP Morgan Chase
New York
|
+$3.4M |
| 4 |
Goldman Sachs
New York
|
+$2.37M |
| 5 |
RA
RFG Advisory
Birmingham,
Alabama
|
+$1.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$12.2M |
| 2 |
SCM
Saba Capital Management
New York
|
-$12M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$7.67M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$6.06M |
| 5 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$3.59M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PHS
101
Pekin Hardy Strauss
Chicago,
Illinois
| – | -$202K | -39,805 | Closed |
|
|
PAG
102
Private Advisor Group
Morristown,
New Jersey
| – | -$149K | -29,454 | Closed |
|
|
LC
103
Lindbrook Capital
Calabasas,
California
| – | -$142K | -28,000 | Closed |
|
|
AGM
104
Alpine Global Management
New York
| – | -$141K | -27,867 | Closed |
|
|
TSS
105
Two Sigma Securities
New York
| – | -$107K | -21,153 | Closed |
|
106
LPL Financial
San Diego,
California
| – | -$90K | -17,725 | Closed |
|
|
PFO
107
Pathstone Family Office
Englewood,
New Jersey
| – | -$501K | -9,876 | Closed |
|
|
DI
108
Disciplined Investments
Tulsa,
Oklahoma
| – | -$17K | -3,451 | Closed |
|
|
CHAM
109
Clear Harbor Asset Management
Stamford,
Connecticut
| – | -$507 | -100 | Closed |
|
HIO Hedge Fund Activity: Q1 2020 in Review
93 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q1 2020, worth a combined $252M — down 22% from $325M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of HIO and 17 opened new positions — a net loss of 2 holders — while 29 trimmed existing stakes and 31 added.
The largest buyer was Bramshill Investments, adding an estimated $10.5M. The largest seller was UBS Group, cutting an estimated $12.2M.
- 93 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q1 2020, down from 97 in Q4 2019.
- Funds reported $252M of Western Asset High Income Opportunity Fund stock for Q1 2020, down 22% quarter-over-quarter.
- 17 funds opened new Western Asset High Income Opportunity Fund positions in Q1 2020 and 19 closed out, a net change of -2 holders.
- The largest Western Asset High Income Opportunity Fund buyer in Q1 2020 was Bramshill Investments, an estimated $10.5M added.
- The largest Western Asset High Income Opportunity Fund seller in Q1 2020 was UBS Group, an estimated $12.2M sold.
Based on aggregated 13F filings for Q1 2020.