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HIO

Western Asset High Income Opportunity Fund
HIO

71 hedge funds and large institutions have $108M invested in Western Asset High Income Opportunity Fund in 2014 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 14 increasing their positions, 16 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

144% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 9

16% more funds holding

Funds holding: 61 → 71 (+10)

9% more capital invested

Capital invested by funds: $98.5M → $108M (+$9.06M)

3.61% more ownership

Funds ownership: 20.32% → 23.93% (+3.6%)

13% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 16

Holders
71
Holders Change
+10
Holders Change %
+16.39%
% of All Funds
1.89%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
22
Increased
14
Reduced
16
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
EVM
Eaton Vance Management
Massachusetts
+$4.9M
2
COLIM
City of London Investment Management
United Kingdom
+$3.85M
3
SG Americas Securities
SG Americas Securities
New York
+$3.22M
4
RCM
Rivernorth Capital Management
Florida
+$3.15M
5
Citigroup
Citigroup
New York
+$2.76M

Top Sellers

1
SCM
Saba Capital Management
New York
-$4.06M
2
EAM
Eagle Asset Management
Florida
-$2.45M
3
WA
WFG Advisors
Texas
-$712K
4
Bank of America
Bank of America
North Carolina
-$702K
5
GC
Guggenheim Capital
Illinois
-$248K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$24.1M +$687K +122,857 +3%
SCM
2
Saba Capital Management
New York
$16.5M -$4.06M -726,337 -19%
Bank of America
3
Bank of America
North Carolina
$9.71M -$702K -125,538 -6%
PRCM
4
Pine River Capital Management
Minnesota
$4.84M +$321K +57,500 +7%
EVM
5
Eaton Vance Management
Massachusetts
$4.71M +$4.9M +876,897 New
Invesco
6
Invesco
Georgia
$3.97M +$295K +52,839 +8%
PAM
7
PT Asset Management
Illinois
$3.75M +$3.91M +698,923 New
COLIM
8
City of London Investment Management
United Kingdom
$3.69M +$3.85M +688,203 New
SG Americas Securities
9
SG Americas Securities
New York
$3.09M +$3.22M +575,691 New
RCM
10
Rivernorth Capital Management
Florida
$3.03M +$3.15M +564,506 New
GC
11
Guggenheim Capital
Illinois
$2.72M -$248K -44,389 -8%
Citigroup
12
Citigroup
New York
$2.7M +$2.76M +493,473 +4,955%
UBS Group
13
UBS Group
Switzerland
$2.38M +$2.48M +443,884 New
LPL Financial
14
LPL Financial
California
$1.93M +$20.6K +3,682 +1%
Grantham, Mayo, Van Otterloo & Co (GMO)
15
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$1.89M – – –
CC
16
Carlson Capital
Texas
$1.79M – – –
AQR Capital Management
17
AQR Capital Management
Connecticut
$1.24M +$508K +90,814 +65%
Thrivent Financial for Lutherans
18
Thrivent Financial for Lutherans
Minnesota
$1.15M – – –
CS
19
Credit Suisse
Switzerland
$1.13M -$2.79K -500 -0.2%
Wells Fargo
20
Wells Fargo
California
$1.07M +$30.1K +5,392 +3%
SFS
21
Shaker Financial Services
Virginia
$999K +$1.04M +186,052 New
Stifel Financial
22
Stifel Financial
Missouri
$905K +$466K +83,452 +97%
LCM
23
Laurion Capital Management
New York
$822K +$855K +153,053 New
KSCM
24
Kamunting Street Capital Management
Florida
$762K -$170K -30,444 -18%
ACM
25
Alethea Capital Management
Washington
$692K +$720K +128,922 New
1
2 3 4

HIO Hedge Fund Activity: Q4 2014 in Review

71 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q4 2014, worth a combined $108M — up 9.2% from $98.5M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new HIO positions and 9 closed out — a net gain of 13 holders — while 14 added to existing stakes and 16 trimmed.

The largest buyer was Eaton Vance Management, opening a new position worth an estimated $4.9M. The largest seller was Saba Capital Management, cutting an estimated $4.06M.

  • 71 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q4 2014, up from 61 in Q3 2014.
  • Funds reported $108M of Western Asset High Income Opportunity Fund stock for Q4 2014, up 9.2% quarter-over-quarter.
  • 22 funds opened new Western Asset High Income Opportunity Fund positions in Q4 2014 and 9 closed out, a net change of +13 holders.
  • The largest Western Asset High Income Opportunity Fund buyer in Q4 2014 was Eaton Vance Management, an estimated $4.9M added.
  • The largest Western Asset High Income Opportunity Fund seller in Q4 2014 was Saba Capital Management, an estimated $4.06M sold.

Based on aggregated 13F filings for Q4 2014.