Western Asset High Income Opportunity Fund

HIO

Market cap $344M

HIO Hedge Fund Activity: Q3 2022 in Review

99 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q3 2022, worth a combined $138M — down 8.6% from $151M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of HIO and 3 opened new positions — a net loss of 9 holders — while 31 trimmed existing stakes and 35 added.

The largest buyer was City of London Investment Management, opening a new position worth an estimated $1.03M. The largest seller was Eaton Vance Management, exiting entirely with an estimated $1.52M sold.

• 99 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q3 2022, down from 109 in Q2 2022.
• Funds reported $138M of Western Asset High Income Opportunity Fund stock for Q3 2022, down 8.6% quarter-over-quarter.
• 3 funds opened new Western Asset High Income Opportunity Fund positions in Q3 2022 and 12 closed out, a net change of -9 holders.
• The largest Western Asset High Income Opportunity Fund buyer in Q3 2022 was City of London Investment Management, an estimated $1.03M added.
• The largest Western Asset High Income Opportunity Fund seller in Q3 2022 was Eaton Vance Management, an estimated $1.52M sold.

Based on aggregated 13F filings for Q3 2022.