Western Asset High Income Opportunity Fund
HIO
97 hedge funds and large institutions have $101M invested in Western Asset High Income Opportunity Fund in 2025 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 34 increasing their positions, 19 reducing their positions, and 17 closing their positions.
79% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 19
3.7% less ownership
Funds ownership: 30.32% → 26.62% (-3.7%)
4% less funds holding
Funds holding: 101 → 97 (-4)
18% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 17
62% less capital inflows, than outflows
Capital inflows: $8.36M | Capital outflows: $22.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.17M |
| 2 |
Kanen Wealth Management
Coconut Creek,
Florida
|
+$1.46M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$626K |
| 4 |
Virtu Financial
New York
|
+$315K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$273K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pathstone Holdings
Englewood,
New Jersey
|
-$9.7M |
| 2 |
Guggenheim Capital
Chicago,
Illinois
|
-$3.64M |
| 3 |
Rareview Capital
Las Vegas,
Nevada
|
-$2.78M |
| 4 |
Prevail Innovative Wealth Advisors
Leawood,
Kansas
|
-$1.21M |
| 5 |
Sit Investment Associates
Minneapolis,
Minnesota
|
-$970K |
HIO Hedge Fund Activity: Q1 2025 in Review
97 of the 7,486 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q1 2025, worth a combined $101M — down 11% from $113M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of HIO and 14 opened new positions — a net loss of 3 holders — while 19 trimmed existing stakes and 34 added.
The largest buyer was Morgan Stanley, adding an estimated $3.17M. The largest seller was Pathstone Holdings, cutting an estimated $9.7M.
- 97 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q1 2025, down from 101 in Q4 2024.
- Funds reported $101M of Western Asset High Income Opportunity Fund stock for Q1 2025, down 11% quarter-over-quarter.
- 14 funds opened new Western Asset High Income Opportunity Fund positions in Q1 2025 and 17 closed out, a net change of -3 holders.
- The largest Western Asset High Income Opportunity Fund buyer in Q1 2025 was Morgan Stanley, an estimated $3.17M added.
- The largest Western Asset High Income Opportunity Fund seller in Q1 2025 was Pathstone Holdings, an estimated $9.7M sold.
Based on aggregated 13F filings for Q1 2025.