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HIO

Western Asset High Income Opportunity Fund

101 hedge funds and large institutions have $220M invested in Western Asset High Income Opportunity Fund in 2017 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 27 increasing their positions, 26 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 12

33% more funds holding in top 10

Funds holding in top 10: 34 (+1)

22% more funds holding

Funds holding: 83101 (+18)

9% more capital invested

Capital invested by funds: $202M → $220M (+$17.8M)

3.55% more ownership

Funds ownership: 30.44%33.99% (+3.6%)

4% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 26

Holders
101
Holders Change
+18
Holders Change %
+21.69%
% of All Funds
2.29%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.09%
New
30
Increased
27
Reduced
26
Closed
12
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
RCM
1
Rivernorth Capital Management
Florida
$45M +$3.74M +741,194 +9%
UBS Group
2
UBS Group
Switzerland
$24.8M -$2.7M -535,189 -10%
BI
3
Bramshill Investments
Florida
$20M +$1.23M +244,484 +7%
Morgan Stanley
4
Morgan Stanley
New York
$19.3M -$1.26M -249,659 -6%
Bank of America
5
Bank of America
North Carolina
$17.4M -$1.99M -393,503 -10%
SCM
6
Saba Capital Management
New York
$16.2M +$14.4M +2,853,802 +824%
PPA
7
Parametric Portfolio Associates
Washington
$12.9M +$3.87M +765,643 +43%
Invesco
8
Invesco
Georgia
$8.44M +$34.4K +6,816 +0.4%
EVM
9
Eaton Vance Management
Massachusetts
$6.53M
FC
10
FCA Corp
Texas
$4.78M +$65.6K +12,987 +1%
VIA
11
Vident Investment Advisory
Georgia
$4.68M +$490K +96,971 +12%
WCMNY
12
Westchester Capital Management (New York)
New York
$3.87M
CIA
13
Capital Investment Advisors
Georgia
$3.31M +$329K +65,036 +11%
Royal Bank of Canada
14
Royal Bank of Canada
Ontario, Canada
$2.26M +$72.8K +14,406 +3%
Wells Fargo
15
Wells Fargo
California
$2.25M +$42.5K +8,421 +2%
RJA
16
Raymond James & Associates
Florida
$1.83M -$181K -35,778 -9%
CRC
17
Curi RMB Capital
Illinois
$1.74M +$551K +109,145 +47%
GG
18
Gofen & Glossberg
Illinois
$1.64M +$25.4K +5,036 +2%
Thrivent Financial for Lutherans
19
Thrivent Financial for Lutherans
Minnesota
$1.59M +$26.7K +5,279 +2%
POIA
20
Pin Oak Investment Advisors
Texas
$1.15M +$1.14M +225,983 New
LCM
21
Landscape Capital Management
New Jersey
$1.15M +$354K +70,178 +45%
RCM
22
Robinson Capital Management
Michigan
$1.09M +$510K +100,900 +88%
Stifel Financial
23
Stifel Financial
Missouri
$1.01M -$29.5K -5,835 -3%
RJFSA
24
Raymond James Financial Services Advisors
Florida
$955K -$176K -34,907 -16%
VCM
25
Vivaldi Capital Management
Illinois
$922K +$919K +181,871 New

HIO Hedge Fund Activity: Q4 2017 in Review

101 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q4 2017, worth a combined $220M — up 8.8% from $202M a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new HIO positions and 12 closed out — a net gain of 18 holders — while 27 added to existing stakes and 26 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $14.4M. The largest seller was UBS Group, cutting an estimated $2.7M.

  • 101 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q4 2017, up from 83 in Q3 2017.
  • Funds reported $220M of Western Asset High Income Opportunity Fund stock for Q4 2017, up 8.8% quarter-over-quarter.
  • 30 funds opened new Western Asset High Income Opportunity Fund positions in Q4 2017 and 12 closed out, a net change of +18 holders.
  • The largest Western Asset High Income Opportunity Fund buyer in Q4 2017 was Saba Capital Management, an estimated $14.4M added.
  • The largest Western Asset High Income Opportunity Fund seller in Q4 2017 was UBS Group, an estimated $2.7M sold.

Based on aggregated 13F filings for Q4 2017.