Western Asset High Income Opportunity Fund
HIO
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, 26 reducing their positions, and 10 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
10% more capital invested
Capital invested by funds: $175M → $192M (+$17.6M)
2.42% more ownership
Funds ownership: 26.93% → 29.35% (+2.4%)
8% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 26
2% less funds holding
Funds holding: 93 → 91 (-2)
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$6.2M |
| 2 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$2.38M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.93M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$935K |
| 5 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
+$584K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.22M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$2.28M |
| 3 |
LPL Financial
San Diego,
California
|
-$1.74M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.07M |
| 5 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$1.01M |
HIO Hedge Fund Activity: Q2 2017 in Review
91 of the 4,022 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 26 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.