Western Asset High Income Opportunity Fund
HIO
57 hedge funds and large institutions have $70.4M invested in Western Asset High Income Opportunity Fund in 2013 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 13 increasing their positions, 19 reducing their positions, and 8 closing their positions.
356% more capital inflows, than outflows
Capital inflows: $21.7M | Capital outflows: $4.75M
75% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 8
10% more funds holding
Funds holding: 52 → 57 (+5)
3.46% more ownership
Funds ownership: 10.66% → 14.12% (+3.5%)
32% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Saba Capital Management
New York
|
+$7.91M |
| 2 |
Edgemoor Investment Advisors
Bethesda,
Maryland
|
+$3M |
| 3 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$2.05M |
| 4 |
Pine River Capital Management
Minnetonka,
Minnesota
|
+$1.46M |
| 5 |
WA
WFG Advisors
Dallas,
Texas
|
+$1.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.77M |
| 2 |
Guggenheim Capital
Chicago,
Illinois
|
-$664K |
| 3 |
Advisors Asset Management
Monument,
Colorado
|
-$520K |
| 4 |
Citigroup
New York
|
-$490K |
| 5 |
Doliver Advisors
Houston,
Texas
|
-$222K |
HIO Hedge Fund Activity: Q3 2013 in Review
57 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q3 2013, worth a combined $70.4M — up 31% from $53.7M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new HIO positions and 8 closed out — a net gain of 6 holders — while 13 added to existing stakes and 19 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $7.91M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $1.77M sold.
- 57 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q3 2013, up from 52 in Q2 2013.
- Funds reported $70.4M of Western Asset High Income Opportunity Fund stock for Q3 2013, up 31% quarter-over-quarter.
- 14 funds opened new Western Asset High Income Opportunity Fund positions in Q3 2013 and 8 closed out, a net change of +6 holders.
- The largest Western Asset High Income Opportunity Fund buyer in Q3 2013 was Saba Capital Management, an estimated $7.91M added.
- The largest Western Asset High Income Opportunity Fund seller in Q3 2013 was Sit Investment Associates, an estimated $1.77M sold.
Based on aggregated 13F filings for Q3 2013.