Western Asset High Income Opportunity Fund
HIO
99 hedge funds and large institutions have $313M invested in Western Asset High Income Opportunity Fund in 2020 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 39 increasing their positions, 21 reducing their positions, and 7 closing their positions.
143% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 7
86% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 21
13% more capital invested
Capital invested by funds: $278M → $313M (+$34.9M)
11% more funds holding
Funds holding: 89 → 99 (+10)
2.9% more ownership
Funds ownership: 47.09% → 49.98% (+2.9%)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$9.37M |
| 2 |
ECM
Evergreen Capital Management
Bellevue,
Washington
|
+$7.93M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$7.57M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.47M |
| 5 |
PHS
Pekin Hardy Strauss
Chicago,
Illinois
|
+$2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$5.63M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.7M |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
-$3.8M |
| 4 |
BI
Bramshill Investments
Naples,
Florida
|
-$2.84M |
| 5 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$1.79M |
HIO Hedge Fund Activity: Q3 2020 in Review
99 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q3 2020, worth a combined $313M — up 13% from $278M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new HIO positions and 7 closed out — a net gain of 10 holders — while 39 added to existing stakes and 21 trimmed.
The largest buyer was City of London Investment Management, adding an estimated $9.37M. The largest seller was Morgan Stanley, cutting an estimated $5.63M.
- 99 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q3 2020, up from 89 in Q2 2020.
- Funds reported $313M of Western Asset High Income Opportunity Fund stock for Q3 2020, up 13% quarter-over-quarter.
- 17 funds opened new Western Asset High Income Opportunity Fund positions in Q3 2020 and 7 closed out, a net change of +10 holders.
- The largest Western Asset High Income Opportunity Fund buyer in Q3 2020 was City of London Investment Management, an estimated $9.37M added.
- The largest Western Asset High Income Opportunity Fund seller in Q3 2020 was Morgan Stanley, an estimated $5.63M sold.
Based on aggregated 13F filings for Q3 2020.