Western Asset High Income Opportunity Fund
HIO
66 hedge funds and large institutions have $107M invested in Western Asset High Income Opportunity Fund in 2014 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 22 increasing their positions, 17 reducing their positions, and 4 closing their positions.
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
29% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 17
14% more capital invested
Capital invested by funds: $94M → $107M (+$12.9M)
5% more funds holding
Funds holding: 63 → 66 (+3)
2.4% more ownership
Funds ownership: 18.57% → 20.97% (+2.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$7.87M |
| 2 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$1.3M |
| 3 |
EML
Eos Management LP
New York
|
+$1.14M |
| 4 |
SCM
Saba Capital Management
New York
|
+$1.13M |
| 5 |
KSCM
Kamunting Street Capital Management
Miami Beach,
Florida
|
+$851K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.86M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$511K |
| 3 |
U
UBS
Zurich,
Switzerland
|
-$345K |
| 4 |
SG Americas Securities
New York
|
-$276K |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$248K |
HIO Hedge Fund Activity: Q2 2014 in Review
66 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q2 2014, worth a combined $107M — up 14% from $94M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new HIO positions and 4 closed out — a net gain of 4 holders — while 22 added to existing stakes and 17 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $7.87M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $1.86M sold.
- 66 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q2 2014, up from 63 in Q1 2014.
- Funds reported $107M of Western Asset High Income Opportunity Fund stock for Q2 2014, up 14% quarter-over-quarter.
- 8 funds opened new Western Asset High Income Opportunity Fund positions in Q2 2014 and 4 closed out, a net change of +4 holders.
- The largest Western Asset High Income Opportunity Fund buyer in Q2 2014 was Morgan Stanley, an estimated $7.87M added.
- The largest Western Asset High Income Opportunity Fund seller in Q2 2014 was Rivernorth Capital Management, an estimated $1.86M sold.
Based on aggregated 13F filings for Q2 2014.