Western Asset High Income Opportunity Fund
HIO
76 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 10 closing their positions.
50% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 10
7% more funds holding
Funds holding: 71 → 76 (+5)
3% more capital invested
Capital invested by funds: $108M → $110M (+$2.81M)
0.85% more ownership
Funds ownership: 23.93% → 24.78% (+0.85%)
46% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.14M |
| 2 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
+$2.68M |
| 3 |
Citigroup
New York
|
+$2M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$868K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$841K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$4.03M |
| 2 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$1.89M |
| 3 |
SG Americas Securities
New York
|
-$1.39M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$1.24M |
| 5 |
PAM
PT Asset Management
Chicago,
Illinois
|
-$859K |
HIO Hedge Fund Activity: Q1 2015 in Review
76 of the 3,770 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 2.6% from $108M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new HIO positions and 10 closed out — a net gain of 5 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.
- 76 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 2.6% quarter-over-quarter.
- 15 funds opened new Western Asset High Income Opportunity Fund positions in Q1 2015 and 10 closed out, a net change of +5 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.