Western Asset High Income Opportunity Fund
HIO
61 hedge funds and large institutions have $98.5M invested in Western Asset High Income Opportunity Fund in 2014 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 21 reducing their positions, and 11 closing their positions.
0.65% less ownership
Funds ownership: 20.97% → 20.32% (-0.65%)
8% less funds holding
Funds holding: 66 → 61 (-5)
8% less capital invested
Capital invested by funds: $107M → $98.5M (-$8.43M)
24% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 21
45% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$7.48M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$3.34M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$453K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$254K |
| 5 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
+$176K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$5.35M |
| 2 |
EIA
Edgemoor Investment Advisors
Bethesda,
Maryland
|
-$3.96M |
| 3 |
EML
Eos Management LP
New York
|
-$1.15M |
| 4 |
TAM
Third Avenue Management
New York
|
-$1.09M |
| 5 |
SG Americas Securities
New York
|
-$1.02M |
HIO Hedge Fund Activity: Q3 2014 in Review
61 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q3 2014, worth a combined $98.5M — down 7.9% from $107M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of HIO and 6 opened new positions — a net loss of 5 holders — while 21 trimmed existing stakes and 16 added.
The largest buyer was Morgan Stanley, adding an estimated $7.48M. The largest seller was Eaton Vance Management, exiting entirely with an estimated $5.35M sold.
- 61 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q3 2014, down from 66 in Q2 2014.
- Funds reported $98.5M of Western Asset High Income Opportunity Fund stock for Q3 2014, down 7.9% quarter-over-quarter.
- 6 funds opened new Western Asset High Income Opportunity Fund positions in Q3 2014 and 11 closed out, a net change of -5 holders.
- The largest Western Asset High Income Opportunity Fund buyer in Q3 2014 was Morgan Stanley, an estimated $7.48M added.
- The largest Western Asset High Income Opportunity Fund seller in Q3 2014 was Eaton Vance Management, an estimated $5.35M sold.
Based on aggregated 13F filings for Q3 2014.