Western Asset High Income Opportunity Fund
HIO
85 hedge funds and large institutions have $136M invested in Western Asset High Income Opportunity Fund in 2016 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 37 increasing their positions, 10 reducing their positions, and 8 closing their positions.
270% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 10
150% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 8
45% more capital invested
Capital invested by funds: $93.6M → $136M (+$42.5M)
16% more funds holding
Funds holding: 73 → 85 (+12)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.97% less ownership
Funds ownership: 22.83% → 20.87% (-2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$12M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$7.58M |
| 3 |
Morgan Stanley
New York
|
+$4.39M |
| 4 |
SCM
Saba Capital Management
New York
|
+$4M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$3.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$3.75M |
| 2 |
Citigroup
New York
|
-$1.1M |
| 3 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$782K |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$492K |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$434K |
HIO Hedge Fund Activity: Q3 2016 in Review
85 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q3 2016, worth a combined $136M — up 45% from $93.6M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new HIO positions and 8 closed out — a net gain of 12 holders — while 37 added to existing stakes and 10 trimmed.
The largest buyer was UBS Group, adding an estimated $12M. The largest seller was Laurion Capital Management, cutting an estimated $3.75M.
- 85 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q3 2016, up from 73 in Q2 2016.
- Funds reported $136M of Western Asset High Income Opportunity Fund stock for Q3 2016, up 45% quarter-over-quarter.
- 20 funds opened new Western Asset High Income Opportunity Fund positions in Q3 2016 and 8 closed out, a net change of +12 holders.
- The largest Western Asset High Income Opportunity Fund buyer in Q3 2016 was UBS Group, an estimated $12M added.
- The largest Western Asset High Income Opportunity Fund seller in Q3 2016 was Laurion Capital Management, an estimated $3.75M sold.
Based on aggregated 13F filings for Q3 2016.