Western Asset High Income Opportunity Fund
HIO
99 hedge funds and large institutions have $143M invested in Western Asset High Income Opportunity Fund in 2023 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 33 increasing their positions, 27 reducing their positions, and 19 closing their positions.
22% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 27
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.21% less ownership
Funds ownership: 40.44% → 39.23% (-1.2%)
6% less capital invested
Capital invested by funds: $152M → $143M (-$9.82M)
7% less funds holding
Funds holding: 107 → 99 (-8)
32% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.02M |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$831K |
| 3 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$664K |
| 4 |
BI
Bramshill Investments
Naples,
Florida
|
+$576K |
| 5 |
ECM
Evergreen Capital Management
Bellevue,
Washington
|
+$248K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.42M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.4M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$961K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$888K |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$698K |
HIO Hedge Fund Activity: Q1 2023 in Review
99 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q1 2023, worth a combined $143M — down 6.4% from $152M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of HIO and 13 opened new positions — a net loss of 6 holders — while 27 trimmed existing stakes and 33 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $1.02M. The largest seller was Guggenheim Capital, cutting an estimated $1.42M.
- 99 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q1 2023, down from 107 in Q4 2022.
- Funds reported $143M of Western Asset High Income Opportunity Fund stock for Q1 2023, down 6.4% quarter-over-quarter.
- 13 funds opened new Western Asset High Income Opportunity Fund positions in Q1 2023 and 19 closed out, a net change of -6 holders.
- The largest Western Asset High Income Opportunity Fund buyer in Q1 2023 was Rivernorth Capital Management, an estimated $1.02M added.
- The largest Western Asset High Income Opportunity Fund seller in Q1 2023 was Guggenheim Capital, an estimated $1.42M sold.
Based on aggregated 13F filings for Q1 2023.