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HIO

Western Asset High Income Opportunity Fund

91 hedge funds and large institutions have $192M invested in Western Asset High Income Opportunity Fund in 2017 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 28 increasing their positions, 25 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

12% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 25

10% more capital invested

Capital invested by funds: $175M → $192M (+$17.5M)

2.52% more ownership

Funds ownership: 26.93%29.45% (+2.5%)

2% less funds holding

Funds holding: 9391 (-2)

10% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 10

Holders
91
Holders Change
-2
Holders Change %
-2.15%
% of All Funds
2.27%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
9
Increased
28
Reduced
25
Closed
10
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
RCM
1
Rivernorth Capital Management
Florida
$40.1M -$4.22M -818,294 -9%
UBS Group
2
UBS Group
Switzerland
$28.4M -$2.28M -442,930 -7%
Morgan Stanley
3
Morgan Stanley
New York
$21.5M +$47K +9,104 +0.2%
Bank of America
4
Bank of America
North Carolina
$18M +$1.93M +373,496 +12%
BI
5
Bramshill Investments
Florida
$17.3M +$17.6M +3,414,064 New
Invesco
6
Invesco
Georgia
$8.38M -$326K -63,127 -4%
EVM
7
Eaton Vance Management
Massachusetts
$6.53M
PPA
8
Parametric Portfolio Associates
Washington
$6.09M +$6.2M +1,201,463 New
FC
9
FCA Corp
Texas
$4.59M -$34.3K -6,655 -0.7%
WCMNY
10
Westchester Capital Management (New York)
New York
$3.87M -$1.01M -195,000 -20%
VIA
11
Vident Investment Advisory
Georgia
$3.82M +$584K +113,193 +18%
Kovitz Investment Group Partners
12
Kovitz Investment Group Partners
Illinois
$2.79M
CIA
13
Capital Investment Advisors
Georgia
$2.58M +$2.38M +460,560 +934%
Wells Fargo
14
Wells Fargo
California
$1.93M +$117K +22,649 +6%
RJA
15
Raymond James & Associates
Florida
$1.92M +$106K +20,619 +6%
GG
16
Gofen & Glossberg
Illinois
$1.62M +$98K +19,000 +6%
Royal Bank of Canada
17
Royal Bank of Canada
Ontario, Canada
$1.54M +$200K +38,755 +15%
Thrivent Financial for Lutherans
18
Thrivent Financial for Lutherans
Minnesota
$1.54M +$295K +57,130 +23%
Bank of Montreal
19
Bank of Montreal
Ontario, Canada
$1.47M
RJFSA
20
Raymond James Financial Services Advisors
Florida
$1.13M +$15.4K +2,989 +1%
CRC
21
Curi RMB Capital
Illinois
$1.05M -$1.07M -206,613 -50%
Stifel Financial
22
Stifel Financial
Missouri
$976K -$11.7K -2,265 -1%
Susquehanna International Group
23
Susquehanna International Group
Pennsylvania
$920K +$935K +181,361 New
LCM
24
Landscape Capital Management
New Jersey
$851K +$131K +25,415 +18%
AAM
25
Advisors Asset Management
Colorado
$816K -$104K -20,196 -11%

HIO Hedge Fund Activity: Q2 2017 in Review

91 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q2 2017, worth a combined $192M — up 10% from $175M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of HIO and 9 opened new positions — a net loss of 1 holder — while 25 trimmed existing stakes and 28 added.

The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $6.2M. The largest seller was Rivernorth Capital Management, cutting an estimated $4.22M.

  • 91 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q2 2017, down from 93 in Q1 2017.
  • Funds reported $192M of Western Asset High Income Opportunity Fund stock for Q2 2017, up 10% quarter-over-quarter.
  • 9 funds opened new Western Asset High Income Opportunity Fund positions in Q2 2017 and 10 closed out, a net change of -1 holder.
  • The largest Western Asset High Income Opportunity Fund buyer in Q2 2017 was Parametric Portfolio Associates, an estimated $6.2M added.
  • The largest Western Asset High Income Opportunity Fund seller in Q2 2017 was Rivernorth Capital Management, an estimated $4.22M sold.

Based on aggregated 13F filings for Q2 2017.