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HIO

Western Asset High Income Opportunity Fund

89 hedge funds and large institutions have $278M invested in Western Asset High Income Opportunity Fund in 2020 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 34 increasing their positions, 21 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

62% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 21

11% more capital invested

Capital invested by funds: $252M → $278M (+$26.7M)

0.64% more ownership

Funds ownership: 46.45%47.09% (+0.64%)

0% more funds holding in top 10

Funds holding in top 10: 44 (0)

4% less funds holding

Funds holding: 9389 (-4)

25% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 16

Holders
89
Holders Change
-4
Holders Change %
-4.3%
% of All Funds
1.82%
Holding in Top 10
4
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.08%
New
12
Increased
34
Reduced
21
Closed
16
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SCM
1
Saba Capital Management
New York
$59.7M
BI
2
Bramshill Investments
Florida
$44.3M -$864K -193,177 -2%
RCM
3
Rivernorth Capital Management
Florida
$39.8M +$2.39M +534,084 +7%
Morgan Stanley
4
Morgan Stanley
New York
$29.2M +$5M +1,117,742 +22%
SIA
5
Sit Investment Associates
Minnesota
$10.5M +$152K +34,000 +2%
PCM
6
Penserra Capital Management
California
$9.89M +$394K +88,036 +4%
UBS Group
7
UBS Group
Switzerland
$9.44M +$271K +60,596 +3%
PPA
8
Parametric Portfolio Associates
Washington
$9.32M +$2.63M +588,670 +41%
Invesco
9
Invesco
Georgia
$8.76M -$289K -64,576 -3%
EVM
10
Eaton Vance Management
Massachusetts
$7.4M -$4.82M -1,078,019 -40%
CIA
11
Capital Investment Advisors
Georgia
$6.2M +$282K +63,022 +5%
Bank of America
12
Bank of America
North Carolina
$4.87M -$276K -61,757 -6%
FC
13
FCA Corp
Texas
$4.36M -$51.5K -11,511 -1%
AC
14
Almitas Capital
California
$3.8M +$1.68M +375,643 +84%
COLIM
15
City of London Investment Management
United Kingdom
$3.38M +$380K +85,000 +13%
Wells Fargo
16
Wells Fargo
California
$2.65M -$143K -32,070 -5%
RA
17
RFG Advisory
Alabama
$1.92M +$19.2K +4,296 +1%
Thrivent Financial for Lutherans
18
Thrivent Financial for Lutherans
Minnesota
$1.85M +$415K +92,724 +30%
BI
19
Bulldog Investors
New Jersey
$1.79M +$44.7K +10,000 +3%
CCP
20
Clough Capital Partners
Massachusetts
$1.61M +$606K +135,356 +64%
BRWA
21
B. Riley Wealth Advisors
Florida
$1.47M +$1.37M +305,487 +2,611%
First Trust Advisors
22
First Trust Advisors
Illinois
$1.36M -$52.7K -11,775 -4%
SPIA
23
Steward Partners Investment Advisory
New York
$1.14M +$40 +9 +0%
PHS
24
Pekin Hardy Strauss
Illinois
$1.03M +$997K +222,900 New
RCM
25
Robinson Capital Management
Michigan
$819K +$667K +149,087 +554%

HIO Hedge Fund Activity: Q2 2020 in Review

89 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q2 2020, worth a combined $278M — up 11% from $252M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of HIO and 12 opened new positions — a net loss of 4 holders — while 21 trimmed existing stakes and 34 added.

The largest buyer was Morgan Stanley, adding an estimated $5M. The largest seller was Eaton Vance Management, cutting an estimated $4.82M.

  • 89 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q2 2020, down from 93 in Q1 2020.
  • Funds reported $278M of Western Asset High Income Opportunity Fund stock for Q2 2020, up 11% quarter-over-quarter.
  • 12 funds opened new Western Asset High Income Opportunity Fund positions in Q2 2020 and 16 closed out, a net change of -4 holders.
  • The largest Western Asset High Income Opportunity Fund buyer in Q2 2020 was Morgan Stanley, an estimated $5M added.
  • The largest Western Asset High Income Opportunity Fund seller in Q2 2020 was Eaton Vance Management, an estimated $4.82M sold.

Based on aggregated 13F filings for Q2 2020.