Western Asset High Income Opportunity Fund
HIO
100 hedge funds and large institutions have $181M invested in Western Asset High Income Opportunity Fund in 2021 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 44 increasing their positions, 15 reducing their positions, and 13 closing their positions.
193% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 15
8.86% more ownership
Funds ownership: 28.74% → 37.6% (+8.9%)
8% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 13
1% more capital invested
Capital invested by funds: $180M → $181M (+$1.16M)
1% less funds holding
Funds holding: 101 → 100 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$10.6M |
| 2 |
FC
FCA Corp
Houston,
Texas
|
+$2.27M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$959K |
| 4 |
CPIG
Chicago Partners Investment Group
Chicago,
Illinois
|
+$858K |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$465K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$11.1M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$5.45M |
| 3 |
PCM
Penserra Capital Management
Orinda,
California
|
-$2.57M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$845K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$420K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LCM
101
Landscape Capital Management
Englewood,
New Jersey
| – | -$420K | -84,935 | Closed |
|
102
Jane Street
New York
| – | -$345K | -69,647 | Closed |
|
|
YCM
103
Yakira Capital Management
Westport,
Connecticut
| – | -$204K | -41,117 | Closed |
|
|
PMFA
104
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$188K | -38,029 | Closed |
|
|
TRCT
105
Tower Research Capital (TRC)
New York
| – | -$129K | -26,160 | Closed |
|
|
HF
106
HRT Financial
New York
| – | -$95K | -19,194 | Closed |
|
|
MFG
107
Magnus Financial Group
New York
| – | -$69K | -14,000 | Closed |
|
108
Millennium Management
New York
| – | -$65K | -13,195 | Closed |
|
109
Goldman Sachs
New York
| – | -$54K | -10,983 | Closed |
|
|
AF
110
Arrow Financial
Glens Falls,
New York
| – | -$53K | -10,655 | Closed |
|
|
IA
111
Insight Advisors
Newtown,
Pennsylvania
| – | -$50K | -10,000 | Closed |
|
|
PFO
112
Pathstone Family Office
Englewood,
New Jersey
| – | -$2K | -372 | Closed |
|
|
GAM
113
Grandview Asset Management
Harrisburg,
Pennsylvania
| – | +$5 | +1 | New |
|
HIO Hedge Fund Activity: Q1 2021 in Review
100 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q1 2021, worth a combined $181M — up 0.65% from $180M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new HIO positions and 13 closed out — a net gain of 1 holder — while 44 added to existing stakes and 15 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $10.6M. The largest seller was Saba Capital Management, exiting entirely with an estimated $11.1M sold.
- 100 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q1 2021, down from 101 in Q4 2020.
- Funds reported $181M of Western Asset High Income Opportunity Fund stock for Q1 2021, up 0.65% quarter-over-quarter.
- 14 funds opened new Western Asset High Income Opportunity Fund positions in Q1 2021 and 13 closed out, a net change of +1 holder.
- The largest Western Asset High Income Opportunity Fund buyer in Q1 2021 was Rivernorth Capital Management, an estimated $10.6M added.
- The largest Western Asset High Income Opportunity Fund seller in Q1 2021 was Saba Capital Management, an estimated $11.1M sold.
Based on aggregated 13F filings for Q1 2021.