Western Asset High Income Opportunity Fund
HIO
85 hedge funds and large institutions have $324M invested in Western Asset High Income Opportunity Fund in 2019 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 24 increasing their positions, 28 reducing their positions, and 16 closing their positions.
11% more capital invested
Capital invested by funds: $291M → $324M (+$33.3M)
2.34% more ownership
Funds ownership: 46.99% → 49.33% (+2.3%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
8% less funds holding
Funds holding: 92 → 85 (-7)
14% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 28
44% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$8.28M |
| 2 |
SCM
Saba Capital Management
New York
|
+$7.53M |
| 3 |
BI
Bramshill Investments
Naples,
Florida
|
+$5.18M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.3M |
| 5 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$770K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PHS
Pekin Hardy Strauss
Chicago,
Illinois
|
-$3.45M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$3.15M |
| 3 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$2.27M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$1.23M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$603K |
HIO Hedge Fund Activity: Q2 2019 in Review
85 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q2 2019, worth a combined $324M — up 11% from $291M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of HIO and 9 opened new positions — a net loss of 7 holders — while 28 trimmed existing stakes and 24 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $8.28M. The largest seller was Pekin Hardy Strauss, cutting an estimated $3.45M.
- 85 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q2 2019, down from 92 in Q1 2019.
- Funds reported $324M of Western Asset High Income Opportunity Fund stock for Q2 2019, up 11% quarter-over-quarter.
- 9 funds opened new Western Asset High Income Opportunity Fund positions in Q2 2019 and 16 closed out, a net change of -7 holders.
- The largest Western Asset High Income Opportunity Fund buyer in Q2 2019 was Rivernorth Capital Management, an estimated $8.28M added.
- The largest Western Asset High Income Opportunity Fund seller in Q2 2019 was Pekin Hardy Strauss, an estimated $3.45M sold.
Based on aggregated 13F filings for Q2 2019.