Western Asset High Income Opportunity Fund
HIO
89 hedge funds and large institutions have $278M invested in Western Asset High Income Opportunity Fund in 2020 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 34 increasing their positions, 21 reducing their positions, and 16 closing their positions.
62% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 21
11% more capital invested
Capital invested by funds: $252M → $278M (+$26.7M)
0.64% more ownership
Funds ownership: 46.45% → 47.09% (+0.64%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
4% less funds holding
Funds holding: 93 → 89 (-4)
25% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.63M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.39M |
| 4 |
AC
Almitas Capital
Santa Monica,
California
|
+$1.68M |
| 5 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$1.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$4.82M |
| 2 |
JP Morgan Chase
New York
|
-$3.38M |
| 3 |
Goldman Sachs
New York
|
-$2.26M |
| 4 |
BI
Bramshill Investments
Naples,
Florida
|
-$864K |
| 5 |
Walleye Capital
New York
|
-$638K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$20K | -4,824 | Closed |
|
|
GI
102
Gradient Investments
Arden Hills,
Minnesota
| – | -$9K | -2,122 | Closed |
|
|
FIA
103
FNY Investment Advisers
New York
| – | -$7K | -1,812 | Closed |
|
|
EWM
104
EPG Wealth Management
Atlanta,
Georgia
| – | -$5K | -1,069 | Closed |
|
|
THWM
105
Taylor Hoffman Wealth Management
Richmond,
Virginia
| – | +$36 | +8 | New |
|
HIO Hedge Fund Activity: Q2 2020 in Review
89 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q2 2020, worth a combined $278M — up 11% from $252M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of HIO and 12 opened new positions — a net loss of 4 holders — while 21 trimmed existing stakes and 34 added.
The largest buyer was Morgan Stanley, adding an estimated $5M. The largest seller was Eaton Vance Management, cutting an estimated $4.82M.
- 89 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q2 2020, down from 93 in Q1 2020.
- Funds reported $278M of Western Asset High Income Opportunity Fund stock for Q2 2020, up 11% quarter-over-quarter.
- 12 funds opened new Western Asset High Income Opportunity Fund positions in Q2 2020 and 16 closed out, a net change of -4 holders.
- The largest Western Asset High Income Opportunity Fund buyer in Q2 2020 was Morgan Stanley, an estimated $5M added.
- The largest Western Asset High Income Opportunity Fund seller in Q2 2020 was Eaton Vance Management, an estimated $4.82M sold.
Based on aggregated 13F filings for Q2 2020.