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HIO

Western Asset High Income Opportunity Fund

75 hedge funds and large institutions have $110M invested in Western Asset High Income Opportunity Fund in 2015 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 13 increasing their positions, 24 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

36% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 11

6% more funds holding

Funds holding: 7175 (+4)

2% more capital invested

Capital invested by funds: $108M → $110M (+$2.27M)

0.72% more ownership

Funds ownership: 23.93%24.65% (+0.72%)

46% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 24

Holders
75
Holders Change
+4
Holders Change %
+5.63%
% of All Funds
2%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
15
Increased
13
Reduced
24
Closed
11
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$24.1M +$265K +49,347 +1%
SCM
2
Saba Capital Management
New York
$12.3M -$4.03M -751,879 -24%
Bank of America
3
Bank of America
North Carolina
$10.5M +$841K +156,760 +9%
RCM
4
Rivernorth Capital Management
Florida
$6.12M +$3.14M +585,021 +104%
PRCM
5
Pine River Capital Management
Minnesota
$4.8M
EVM
6
Eaton Vance Management
Massachusetts
$4.67M
Citigroup
7
Citigroup
New York
$4.66M +$2M +372,683 +74%
COLIM
8
City of London Investment Management
United Kingdom
$4.51M +$839K +156,335 +23%
Invesco
9
Invesco
Georgia
$3.87M -$65.2K -12,159 -2%
PAM
10
PT Asset Management
Illinois
$2.87M -$859K -160,087 -23%
YMRC
11
Yorktown Management & Research Company
Virginia
$2.66M +$2.68M +500,000 New
UBS Group
12
UBS Group
Switzerland
$2.45M +$89.6K +16,696 +4%
GC
13
Guggenheim Capital
Illinois
$2.2M -$500K -93,187 -18%
AA
14
AQR Arbitrage
Connecticut
$1.94M +$1.96M +364,913 New
Wells Fargo
15
Wells Fargo
California
$1.87M +$812K +151,367 +76%
CC
16
Carlson Capital
Texas
$1.77M
SG Americas Securities
17
SG Americas Securities
New York
$1.69M -$1.39M -258,387 -45%
SFS
18
Shaker Financial Services
Virginia
$1.69M +$701K +130,676 +70%
WAM
19
Wolverine Asset Management
Illinois
$1.34M +$661K +123,276 +96%
LPL Financial
20
LPL Financial
California
$1.32M -$598K -111,359 -31%
Thrivent Financial for Lutherans
21
Thrivent Financial for Lutherans
Minnesota
$1.14M
CS
22
Credit Suisse
Switzerland
$1.05M -$69.8K -13,000 -6%
Stifel Financial
23
Stifel Financial
Missouri
$903K
CRC
24
Curi RMB Capital
Illinois
$861K +$868K +161,794 New
ACM
25
Alethea Capital Management
Washington
$697K +$11.4K +2,134 +2%

HIO Hedge Fund Activity: Q1 2015 in Review

75 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q1 2015, worth a combined $110M — up 2.1% from $108M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new HIO positions and 11 closed out — a net gain of 4 holders — while 13 added to existing stakes and 24 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $3.14M. The largest seller was Saba Capital Management, cutting an estimated $4.03M.

  • 75 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q1 2015, up from 71 in Q4 2014.
  • Funds reported $110M of Western Asset High Income Opportunity Fund stock for Q1 2015, up 2.1% quarter-over-quarter.
  • 15 funds opened new Western Asset High Income Opportunity Fund positions in Q1 2015 and 11 closed out, a net change of +4 holders.
  • The largest Western Asset High Income Opportunity Fund buyer in Q1 2015 was Rivernorth Capital Management, an estimated $3.14M added.
  • The largest Western Asset High Income Opportunity Fund seller in Q1 2015 was Saba Capital Management, an estimated $4.03M sold.

Based on aggregated 13F filings for Q1 2015.