Western Asset High Income Opportunity Fund
HIO
104 hedge funds and large institutions have $131M invested in Western Asset High Income Opportunity Fund in 2024 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 40 increasing their positions, 31 reducing their positions, and 13 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 31
3% less funds holding
Funds holding: 107 → 104 (-3)
3.08% less ownership
Funds ownership: 38.43% → 35.35% (-3.1%)
15% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 13
63% less capital inflows, than outflows
Capital inflows: $6.85M | Capital outflows: $18.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.34M |
| 2 |
City of London Investment Management
London,
United Kingdom
|
+$1.24M |
| 3 |
RFG Advisory
Birmingham,
Alabama
|
+$743K |
| 4 |
Pathstone Holdings
Englewood,
New Jersey
|
+$672K |
| 5 |
Capital Investment Advisors
Atlanta,
Georgia
|
+$389K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.07M |
| 2 |
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.47M |
| 3 |
Bramshill Investments
Naples,
Florida
|
-$2.44M |
| 4 |
Ionic Capital Management
New York
|
-$2.4M |
| 5 |
1607 Capital Partners
Richmond,
Virginia
|
-$2.22M |
HIO Hedge Fund Activity: Q1 2024 in Review
104 of the 6,966 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q1 2024, worth a combined $131M — down 7.1% from $141M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of HIO and 11 opened new positions — a net loss of 2 holders — while 31 trimmed existing stakes and 40 added.
The largest buyer was Morgan Stanley, adding an estimated $1.34M. The largest seller was Rivernorth Capital Management, cutting an estimated $4.07M.
- 104 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q1 2024, down from 107 in Q4 2023.
- Funds reported $131M of Western Asset High Income Opportunity Fund stock for Q1 2024, down 7.1% quarter-over-quarter.
- 11 funds opened new Western Asset High Income Opportunity Fund positions in Q1 2024 and 13 closed out, a net change of -2 holders.
- The largest Western Asset High Income Opportunity Fund buyer in Q1 2024 was Morgan Stanley, an estimated $1.34M added.
- The largest Western Asset High Income Opportunity Fund seller in Q1 2024 was Rivernorth Capital Management, an estimated $4.07M sold.
Based on aggregated 13F filings for Q1 2024.